Employees Retirement System of Texas Has $31.03 Million Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Employees Retirement System of Texas lifted its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,999 shares of the real estate investment trust's stock after buying an additional 22,000 shares during the quarter. Employees Retirement System of Texas owned about 0.05% of Digital Realty Trust worth $31,033,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Digital Realty Trust during the 4th quarter worth $3,858,428,000. Alliancebernstein L.P. boosted its stake in Digital Realty Trust by 91.7% during the 4th quarter. Alliancebernstein L.P. now owns 1,529,796 shares of the real estate investment trust's stock valued at $271,279,000 after purchasing an additional 731,690 shares during the period. Raymond James Financial Inc. acquired a new stake in Digital Realty Trust in the 4th quarter valued at approximately $125,336,000. Vanguard Group Inc. increased its position in Digital Realty Trust by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust's stock worth $9,124,193,000 after buying an additional 469,823 shares during the period. Finally, National Pension Service lifted its holdings in shares of Digital Realty Trust by 88.8% during the fourth quarter. National Pension Service now owns 788,426 shares of the real estate investment trust's stock worth $139,812,000 after buying an additional 370,835 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Trading Up 2.0 %

Shares of NYSE DLR traded up $2.81 during midday trading on Friday, hitting $145.10. The stock had a trading volume of 1,663,350 shares, compared to its average volume of 2,030,265. 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, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The firm has a market cap of $48.85 billion, a P/E ratio of 89.56, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92. The company's 50-day simple moving average is $153.16 and its 200 day simple moving average is $168.28.

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

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $1.22 per share. The ex-dividend date was Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.36%. Digital Realty Trust's payout ratio is currently 301.23%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DLR shares. UBS Group raised shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. Mizuho cut their price objective on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a research report on Friday, March 28th. Barclays decreased their target price on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research report on Thursday, March 20th. Scotiabank raised Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 price target for the company in a report on Tuesday, February 18th. Finally, Wells Fargo & Company decreased their price objective on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and an average target price of $184.33.

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.