Cibc World Market Inc. Has $20.02 Million Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Cibc World Market Inc. increased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1,926.6% in the 4th quarter, HoldingsChannel reports. The firm owned 112,922 shares of the real estate investment trust’s stock after acquiring an additional 107,350 shares during the quarter. Cibc World Market Inc.’s holdings in Digital Realty Trust were worth $20,024,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Digital Realty Trust by 501.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock worth $700,224,000 after acquiring an additional 3,607,802 shares in the last quarter. Pathway Financial Advisers LLC boosted its holdings in shares of Digital Realty Trust by 15,301.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock valued at $299,433,000 after purchasing an additional 1,838,278 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Digital Realty Trust in the 3rd quarter valued at $132,980,000. Sycomore Asset Management acquired a new position in shares of Digital Realty Trust during the 3rd quarter worth $80,915,000. Finally, abrdn plc grew its position in Digital Realty Trust by 17.3% in the third quarter. abrdn plc now owns 1,955,741 shares of the real estate investment trust’s stock valued at $315,999,000 after acquiring an additional 288,772 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DLR. Evercore ISI increased their target price 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. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their target price for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. Truist Financial upped their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. TD Cowen raised their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Royal Bank of Canada increased their target price on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $180.95.

Digital Realty Trust Stock Down 0.3 %

Shares of NYSE:DLR opened at $163.80 on Friday. Digital Realty Trust, Inc. has a 1 year low of $131.42 and a 1 year high of $198.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The business’s 50-day moving average is $181.55 and its 200-day moving average is $167.91. The company has a market capitalization of $54.33 billion, a price-to-earnings ratio of 137.65, a P/E/G ratio of 4.11 and a beta of 0.64.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date was Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.

Insider Transactions at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.17% of the company’s stock.

Digital Realty Trust Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.