Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Stake in Digital Realty Trust, Inc. $DLR

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 186,925 shares of the real estate investment trust’s stock after buying an additional 6,802 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Digital Realty Trust were worth $32,587,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tobam purchased a new position in shares of Digital Realty Trust during the 2nd quarter worth $28,000. Greykasell Wealth Strategies Inc. acquired a new position in Digital Realty Trust in the first quarter valued at $26,000. AdvisorShares Investments LLC acquired a new stake in Digital Realty Trust in the 2nd quarter worth about $32,000. NewSquare Capital LLC grew its holdings in Digital Realty Trust by 149.3% in the 2nd quarter. NewSquare Capital LLC now owns 187 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 112 shares during the period. Finally, AlphaQuest LLC increased its stake in shares of Digital Realty Trust by 163.5% during the 2nd quarter. AlphaQuest LLC now owns 195 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 121 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DLR shares. Morgan Stanley assumed coverage on shares of Digital Realty Trust in a research report on Thursday, October 16th. They issued an “equal weight” rating and a $195.00 target price on the stock. Raymond James Financial lifted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “strong-buy” rating in a report on Friday, July 25th. Citigroup boosted their price objective on shares of Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Stifel Nicolaus set a $210.00 target price on Digital Realty Trust in a research report on Friday, October 24th. Finally, JPMorgan Chase & Co. boosted their price target on Digital Realty Trust from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $198.14.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $158.30 on Friday. The company has a current ratio of 2.02, a quick ratio of 2.22 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $54.38 billion, a price-to-earnings ratio of 40.90, a PEG ratio of 4.13 and a beta of 0.96. The firm’s fifty day simple moving average is $171.44 and its 200 day simple moving average is $171.12. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00.

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

Digital Realty Trust Announces Dividend

The company 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 $1.22 dividend. The ex-dividend date is Monday, December 15th. This represents a $4.88 annualized dividend and a dividend yield of 3.1%. Digital Realty Trust’s dividend payout ratio is 126.10%.

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.