Strs Ohio decreased its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 13.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 224,369 shares of the real estate investment trust’s stock after selling 33,434 shares during the period. Strs Ohio owned 0.14% of Digital Realty Trust worth $25,342,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Teachers Advisors LLC increased its position in Digital Realty Trust by 11.7% in the fourth quarter. Teachers Advisors LLC now owns 402,489 shares of the real estate investment trust’s stock valued at $39,549,000 after buying an additional 42,199 shares during the period. Kentucky Retirement Systems acquired a new position in Digital Realty Trust during the fourth quarter valued at approximately $1,133,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Digital Realty Trust during the fourth quarter valued at approximately $506,000. Macquarie Group Ltd. increased its position in Digital Realty Trust by 488.5% in the fourth quarter. Macquarie Group Ltd. now owns 305,761 shares of the real estate investment trust’s stock valued at $30,044,000 after buying an additional 253,802 shares during the period. Finally, Chevy Chase Trust Holdings Inc. increased its position in Digital Realty Trust by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 137,297 shares of the real estate investment trust’s stock valued at $14,607,000 after buying an additional 4,486 shares during the period.
Shares of Digital Realty Trust, Inc. (NYSE DLR) opened at 114.86 on Friday. The company has a market cap of $18.63 billion, a PE ratio of 46.65 and a beta of -0.03. The company has a 50-day moving average of $113.36 and a 200 day moving average of $111.46. Digital Realty Trust, Inc. has a 12-month low of $85.63 and a 12-month high of $121.53.
Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.05. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. The company had revenue of $565.99 million for the quarter, compared to the consensus estimate of $559.93 million. During the same quarter last year, the company earned $1.42 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities research analysts expect that Digital Realty Trust, Inc. will post $1.57 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Thursday, September 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 148.21%.
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Several research analysts have commented on DLR shares. Stifel Nicolaus reissued a “hold” rating on shares of Digital Realty Trust in a research note on Tuesday, April 25th. Deutsche Bank AG raised their target price on shares of Digital Realty Trust from $105.00 to $109.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Royal Bank Of Canada restated a “buy” rating on shares of Digital Realty Trust in a report on Monday, May 1st. Wells Fargo & Company cut shares of Digital Realty Trust from an “outperform” rating to a “market perform” rating and set a $118.00 target price on the stock. in a report on Wednesday, May 17th. Finally, BidaskClub cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $116.67.
In other Digital Realty Trust news, Director William G. Laperch purchased 1,200 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was bought at an average cost of $25.00 per share, for a total transaction of $30,000.00. Following the completion of the purchase, the director now owns 1,200 shares in the company, valued at approximately $30,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joshua A. Mills sold 9,211 shares of the stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $120.00, for a total value of $1,105,320.00. Following the completion of the sale, the senior vice president now owns 13,377 shares of the company’s stock, valued at $1,605,240. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.
About Digital Realty Trust
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
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