PGGM Investments Acquires 30,366 Shares of Digital Realty Trust, Inc. $DLR

PGGM Investments raised its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 7.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 434,240 shares of the real estate investment trust’s stock after acquiring an additional 30,366 shares during the period. PGGM Investments’ holdings in Digital Realty Trust were worth $75,071,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DLR. Vanguard Group Inc. lifted its position in Digital Realty Trust by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 52,892,557 shares of the real estate investment trust’s stock valued at $9,220,759,000 after acquiring an additional 513,697 shares in the last quarter. Norges Bank acquired a new stake in shares of Digital Realty Trust in the 2nd quarter valued at about $3,808,270,000. State Street Corp lifted its holdings in shares of Digital Realty Trust by 1.9% in the second quarter. State Street Corp now owns 20,405,760 shares of the real estate investment trust’s stock valued at $3,557,336,000 after purchasing an additional 376,699 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Digital Realty Trust by 2.3% during the second quarter. Geode Capital Management LLC now owns 8,850,818 shares of the real estate investment trust’s stock worth $1,536,795,000 after buying an additional 196,579 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Digital Realty Trust by 3.0% during the second quarter. Canada Pension Plan Investment Board now owns 7,356,429 shares of the real estate investment trust’s stock worth $1,282,446,000 after buying an additional 211,692 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

DLR has been the subject of a number of recent research reports. Daiwa Capital Markets initiated coverage on Digital Realty Trust in a research report on Wednesday, October 22nd. They set a “buy” rating and a $210.00 price target for the company. Mizuho cut their price objective on shares of Digital Realty Trust from $191.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday. Wall Street Zen downgraded shares of Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. HSBC set a $193.00 price target on shares of Digital Realty Trust and gave the stock a “buy” rating in a research report on Thursday. Finally, Scotiabank decreased their price objective on Digital Realty Trust from $206.00 to $189.00 and set a “sector outperform” rating for the company in a report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust has a consensus rating of “Moderate Buy” and a consensus target price of $193.22.

Insider Buying and Selling at Digital Realty Trust

In related news, Director Mary Hogan Preusse sold 4,166 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $157.42, for a total value of $655,811.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of DLR opened at $160.62 on Friday. The company has a market cap of $55.17 billion, a PE ratio of 41.50, a price-to-earnings-growth ratio of 3.73 and a beta of 1.11. The firm has a 50-day moving average of $157.69 and a 200-day moving average of $166.72. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $187.74. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.02.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. The business had revenue of $1.58 billion during the quarter. As a group, equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Monday, December 15th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, December 15th. Digital Realty Trust’s payout ratio is currently 126.10%.

Digital Realty Trust 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.