Bank of Montreal Can Sells 239,851 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Bank of Montreal Can lessened its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 44.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 304,560 shares of the real estate investment trust’s stock after selling 239,851 shares during the period. Bank of Montreal Can owned about 0.09% of Digital Realty Trust worth $49,083,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Lazard Asset Management LLC increased its holdings in shares of Digital Realty Trust by 7.9% during the first quarter. Lazard Asset Management LLC now owns 4,108 shares of the real estate investment trust’s stock worth $591,000 after buying an additional 300 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Digital Realty Trust by 2.3% in the first quarter. Janus Henderson Group PLC now owns 95,626 shares of the real estate investment trust’s stock valued at $13,766,000 after acquiring an additional 2,190 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Digital Realty Trust by 3.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,660 shares of the real estate investment trust’s stock valued at $527,000 after acquiring an additional 105 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Digital Realty Trust by 101.5% in the first quarter. Tidal Investments LLC now owns 17,338 shares of the real estate investment trust’s stock valued at $2,497,000 after acquiring an additional 8,734 shares during the last quarter. Finally, Strategic Wealth Partners Ltd. bought a new position in shares of Digital Realty Trust in the first quarter valued at approximately $456,000. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $195.31 on Thursday. The firm has a market cap of $64.79 billion, a price-to-earnings ratio of 164.13, a P/E/G ratio of 5.12 and a beta of 0.59. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. Digital Realty Trust, Inc. has a 52 week low of $130.00 and a 52 week high of $195.93. The firm’s 50-day simple moving average is $171.67 and its two-hundred day simple moving average is $157.53.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 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 firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the firm posted $1.62 EPS. Digital Realty Trust’s revenue was up 2.1% on a year-over-year basis. As a group, equities analysts forecast that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.50%. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Analyst Ratings Changes

A number of research firms have recently issued reports on DLR. Truist Financial lifted their target price on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Scotiabank lifted their target price on shares of Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Wells Fargo & Company boosted their price objective on shares of Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and boosted their price objective for the stock from $124.00 to $160.00 in a research report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Digital Realty Trust presently has an average rating of “Hold” and a consensus target price of $170.37.

About Digital Realty Trust

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.