CIBC Asset Management Inc Has $7.30 Million Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

CIBC Asset Management Inc grew its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 4.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,097 shares of the real estate investment trust’s stock after buying an additional 1,778 shares during the quarter. CIBC Asset Management Inc’s holdings in Digital Realty Trust were worth $7,298,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. OneDigital Investment Advisors LLC grew its holdings in shares of Digital Realty Trust by 3.2% during the third quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock valued at $305,000 after buying an additional 59 shares during the last quarter. Impax Asset Management Group plc acquired a new position in shares of Digital Realty Trust during the third quarter valued at about $1,082,000. Sycomore Asset Management acquired a new position in shares of Digital Realty Trust during the third quarter valued at about $80,915,000. Nicola Wealth Management LTD. grew its holdings in shares of Digital Realty Trust by 14.0% during the third quarter. Nicola Wealth Management LTD. now owns 20,752 shares of the real estate investment trust’s stock valued at $3,358,000 after buying an additional 2,550 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Digital Realty Trust by 5.7% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,298 shares of the real estate investment trust’s stock valued at $1,505,000 after buying an additional 499 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

NYSE DLR opened at $179.67 on Monday. The company’s 50 day moving average is $166.56 and its 200-day moving average is $155.01. Digital Realty Trust, Inc. has a 12-month low of $130.00 and a 12-month high of $193.88. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a market cap of $59.60 billion, a P/E ratio of 150.98, a price-to-earnings-growth ratio of 4.77 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the firm earned $1.62 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Sell-side analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.72%. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Analyst Ratings Changes

DLR has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Royal Bank of Canada boosted their price target on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Stifel Nicolaus restated a “buy” rating and set a $195.00 price target (up from $185.00) on shares of Digital Realty Trust in a report on Friday, October 25th. Jefferies Financial Group boosted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Evercore ISI boosted their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $169.47.

Digital Realty Trust Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.