Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 50,614 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 41.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 174,114 shares of the real estate investment trust's stock after purchasing an additional 50,614 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.05% of Digital Realty Trust worth $30,876,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. OneDigital Investment Advisors LLC raised its position in shares of Digital Realty Trust by 3.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust's stock valued at $305,000 after acquiring an additional 59 shares during the period. Empowered Funds LLC raised its holdings in Digital Realty Trust by 9.2% in the third quarter. Empowered Funds LLC now owns 4,937 shares of the real estate investment trust's stock worth $799,000 after purchasing an additional 417 shares during the period. Claro Advisors LLC acquired a new position in shares of Digital Realty Trust in the 3rd quarter valued at $223,000. Thrivent Financial for Lutherans increased its position in shares of Digital Realty Trust by 3.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 64,320 shares of the real estate investment trust's stock valued at $10,409,000 after buying an additional 1,960 shares in the last quarter. Finally, Banque Cantonale Vaudoise raised its stake in Digital Realty Trust by 14.9% during the 3rd quarter. Banque Cantonale Vaudoise now owns 24,534 shares of the real estate investment trust's stock worth $3,970,000 after buying an additional 3,182 shares during the period. Institutional investors own 99.71% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of research firms have issued reports on DLR. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a "hold" rating to a "buy" rating and boosted their target price for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. UBS Group raised Digital Realty Trust from a "neutral" rating to a "buy" rating and increased their target price for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Scotiabank raised shares of Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 price target on the stock in a research note on Tuesday, February 18th. JMP Securities reissued a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $179.95.

Digital Realty Trust Stock Performance

NYSE:DLR traded up $5.08 during mid-day trading on Monday, hitting $155.46. The stock had a trading volume of 2,023,040 shares, compared to its average volume of 1,868,197. Digital Realty Trust, Inc. has a twelve month low of $135.54 and a twelve month high of $198.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The stock has a market cap of $52.33 billion, a price-to-earnings ratio of 95.96, a PEG ratio of 4.38 and a beta of 0.65. The company's 50 day simple moving average is $162.49 and its 200 day simple moving average is $170.10.

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 EPS for the quarter, topping 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%. On average, equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Friday, March 14th. Digital Realty Trust's dividend payout ratio is presently 301.23%.

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.