Digital Realty Trust, Inc. (NYSE:DLR) Position Lowered by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury reduced its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 123,396 shares of the real estate investment trust's stock after selling 6,617 shares during the quarter. State of Tennessee Department of Treasury's holdings in Digital Realty Trust were worth $21,882,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Van Lanschot Kempen Investment Management N.V. lifted its stake in Digital Realty Trust by 94.9% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 25,478 shares of the real estate investment trust's stock worth $4,518,000 after purchasing an additional 12,404 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of Digital Realty Trust by 39.6% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 81,111 shares of the real estate investment trust's stock worth $14,384,000 after buying an additional 23,000 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of Digital Realty Trust by 19.6% in the 4th quarter. MML Investors Services LLC now owns 31,152 shares of the real estate investment trust's stock valued at $5,524,000 after buying an additional 5,106 shares during the period. MetLife Investment Management LLC grew its position in shares of Digital Realty Trust by 2.7% during the 4th quarter. MetLife Investment Management LLC now owns 92,027 shares of the real estate investment trust's stock valued at $16,319,000 after buying an additional 2,396 shares during the last quarter. Finally, Natixis raised its stake in Digital Realty Trust by 35.1% during the fourth quarter. Natixis now owns 230,209 shares of the real estate investment trust's stock worth $40,823,000 after acquiring an additional 59,749 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

Digital Realty Trust Stock Performance

Shares of DLR opened at $149.10 on Wednesday. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The stock has a market capitalization of $50.21 billion, a P/E ratio of 92.03, a P/E/G ratio of 4.38 and a beta of 0.92. The firm's 50 day moving average is $150.66 and its 200-day moving average is $167.72. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given 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 dividend yield of 3.27%. Digital Realty Trust's dividend payout ratio (DPR) is 301.23%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DLR. StockNews.com downgraded Digital Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 22nd. Mizuho dropped their price objective on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a report on Friday, March 28th. Barclays reduced their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research note on Thursday, March 20th. JPMorgan Chase & Co. raised their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, Scotiabank reduced their price objective on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $183.68.

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.

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