State of Alaska Department of Revenue Increases Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

State of Alaska Department of Revenue increased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 1.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 199,561 shares of the real estate investment trust’s stock after purchasing an additional 3,295 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Digital Realty Trust worth $28,595,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sierra Ocean LLC acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth $29,000. Fairway Wealth LLC acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth $35,000. Centricity Wealth Management LLC acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth $37,000. Opal Wealth Advisors LLC acquired a new stake in shares of Digital Realty Trust during the first quarter worth $38,000. Finally, SRS Capital Advisors Inc. raised its holdings in shares of Digital Realty Trust by 502.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 201 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

Shares of DLR opened at $176.05 on Wednesday. The firm has a 50-day moving average price of $164.39 and a 200 day moving average price of $165.61. The firm has a market capitalization of $59.29 billion, a PE ratio of 164.53, a P/E/G ratio of 2.68 and a beta of 0.95. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the firm posted $1.67 EPS. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.77%. Digital Realty Trust’s dividend payout ratio (DPR) is 456.07%.

Insider Activity

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the company’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the sale, the director now directly owns 6,522 shares of the company’s stock, valued at approximately $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

DLR has been the topic of a number of research reports. Wall Street Zen raised shares of Digital Realty Trust from a “sell” rating to a “hold” rating in a report on Sunday, June 1st. Truist Financial dropped their target price on shares of Digital Realty Trust from $185.00 to $184.00 and set a “buy” rating on the stock in a report on Monday, May 12th. Mizuho upped their price target on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an “outperform” rating in a research report on Tuesday. Barclays lowered their price target on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a research report on Thursday, March 20th. Finally, Scotiabank lowered their price target on shares of Digital Realty Trust from $208.00 to $206.00 and set a “sector outperform” rating for the company in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $185.76.

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.