CIBC Asset Management Inc Acquires 32,593 Shares of Digital Realty Trust, Inc. $DLR

CIBC Asset Management Inc increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 74.1% during the fourth quarter, HoldingsChannel reports. The fund owned 76,551 shares of the real estate investment trust’s stock after buying an additional 32,593 shares during the period. CIBC Asset Management Inc’s holdings in Digital Realty Trust were worth $11,843,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of Digital Realty Trust by 2.6% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,404 shares of the real estate investment trust’s stock worth $372,000 after buying an additional 61 shares in the last quarter. PDS Planning Inc grew its holdings in shares of Digital Realty Trust by 3.6% during the fourth quarter. PDS Planning Inc now owns 1,785 shares of the real estate investment trust’s stock worth $276,000 after buying an additional 62 shares in the last quarter. Clarius Group LLC grew its holdings in shares of Digital Realty Trust by 3.2% during the fourth quarter. Clarius Group LLC now owns 2,024 shares of the real estate investment trust’s stock worth $313,000 after buying an additional 63 shares in the last quarter. Commons Capital LLC grew its holdings in shares of Digital Realty Trust by 4.6% during the third quarter. Commons Capital LLC now owns 1,463 shares of the real estate investment trust’s stock worth $253,000 after buying an additional 64 shares in the last quarter. Finally, Scotia Capital Inc. grew its holdings in shares of Digital Realty Trust by 0.9% during the third quarter. Scotia Capital Inc. now owns 7,379 shares of the real estate investment trust’s stock worth $1,276,000 after buying an additional 64 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DLR has been the subject of a number of research reports. Wells Fargo & Company increased their price objective on Digital Realty Trust from $195.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Weiss Ratings upgraded Digital Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Morgan Stanley increased their price target on Digital Realty Trust from $210.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Mizuho increased their price target on Digital Realty Trust from $180.00 to $217.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $215.00 price target on shares of Digital Realty Trust in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Digital Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $215.89.

Digital Realty Trust Stock Performance

DLR opened at $187.06 on Friday. Digital Realty Trust, Inc. has a 12-month low of $146.23 and a 12-month high of $208.14. The stock has a market cap of $65.73 billion, a price-to-earnings ratio of 49.36, a PEG ratio of 5.13 and a beta of 1.02. The business has a 50 day moving average of $190.95 and a 200-day moving average of $174.38. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.78.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. Digital Realty Trust had a return on equity of 6.05% and a net margin of 21.73%.The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the firm posted $1.77 earnings per share. The business’s revenue was up 16.2% on a year-over-year basis. Digital Realty Trust has set its FY 2026 guidance at 7.950-8.050 EPS. On average, equities research analysts expect that Digital Realty Trust, Inc. will post 8.05 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 128.76%.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.