Digital Realty Trust, Inc. (NYSE:DLR) Shares Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 39.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,111 shares of the real estate investment trust’s stock after purchasing an additional 23,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Digital Realty Trust were worth $14,384,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DLR. Wilmington Savings Fund Society FSB acquired a new stake in Digital Realty Trust in the 3rd quarter valued at approximately $657,000. Synovus Financial Corp lifted its holdings in Digital Realty Trust by 6.9% in the third quarter. Synovus Financial Corp now owns 6,530 shares of the real estate investment trust’s stock worth $1,057,000 after purchasing an additional 421 shares during the period. Retirement Systems of Alabama increased its stake in Digital Realty Trust by 2.6% during the 3rd quarter. Retirement Systems of Alabama now owns 253,906 shares of the real estate investment trust’s stock valued at $41,090,000 after buying an additional 6,360 shares during the period. FFG Partners LLC acquired a new stake in shares of Digital Realty Trust in the 3rd quarter worth approximately $10,446,000. Finally, B. Riley Wealth Advisors Inc. increased its stake in shares of Digital Realty Trust by 13.7% during the third quarter. B. Riley Wealth Advisors Inc. now owns 3,518 shares of the real estate investment trust’s stock valued at $559,000 after acquiring an additional 424 shares during the period. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DLR shares. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. JPMorgan Chase & Co. lifted their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Wells Fargo & Company dropped their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Finally, Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $183.79.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $146.34 on Tuesday. The firm has a market cap of $49.28 billion, a price-to-earnings ratio of 90.33, a P/E/G ratio of 4.38 and a beta of 0.92. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The business has a fifty day simple moving average of $150.98 and a 200 day simple moving average of $167.85.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. As a group, sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.33%. Digital Realty Trust’s dividend payout ratio is currently 301.23%.

Digital Realty Trust Company 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.