California Public Employees Retirement System Sells 12,856 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

California Public Employees Retirement System decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 518,946 shares of the real estate investment trust's stock after selling 12,856 shares during the period. California Public Employees Retirement System owned approximately 0.16% of Digital Realty Trust worth $92,025,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Stolper Co increased its holdings in shares of Digital Realty Trust by 0.5% during the fourth quarter. Stolper Co now owns 12,648 shares of the real estate investment trust's stock worth $2,243,000 after purchasing an additional 64 shares during the period. Bleakley Financial Group LLC increased its holdings in Digital Realty Trust by 1.5% in the 4th quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust's stock valued at $769,000 after buying an additional 64 shares during the period. TD Private Client Wealth LLC raised its position in shares of Digital Realty Trust by 6.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,087 shares of the real estate investment trust's stock valued at $176,000 after buying an additional 67 shares in the last quarter. Catalina Capital Group LLC lifted its holdings in shares of Digital Realty Trust by 3.1% during the 4th quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust's stock worth $424,000 after acquiring an additional 72 shares during the period. Finally, Sound Income Strategies LLC boosted its position in shares of Digital Realty Trust by 25.9% during the 4th quarter. Sound Income Strategies LLC now owns 355 shares of the real estate investment trust's stock worth $63,000 after acquiring an additional 73 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

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Digital Realty Trust Trading Down 5.3 %

DLR stock traded down $7.94 during mid-day trading on Thursday, reaching $140.74. The company's stock had a trading volume of 3,789,216 shares, compared to its average volume of 1,982,748. Digital Realty Trust, Inc. has a 12 month low of $135.54 and a 12 month 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's 50 day moving average price is $157.98 and its 200 day moving average price is $169.56. The company has a market cap of $47.38 billion, a price-to-earnings ratio of 86.87, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.47%. Digital Realty Trust's dividend payout ratio (DPR) is presently 301.23%.

Wall Street Analyst Weigh In

Several research firms have weighed in on DLR. Wells Fargo & Company cut their target price on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Scotiabank upgraded Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 price objective for the company in a research report on Tuesday, February 18th. Truist Financial reduced their price objective on Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating on the stock in a research note on Monday, March 10th. StockNews.com downgraded Digital Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, February 22nd. Finally, Barclays reduced their price target on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research note on Thursday, March 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $184.33.

About Digital Realty Trust

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.