Illinois Municipal Retirement Fund Has $418,000 Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Illinois Municipal Retirement Fund lowered its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 57.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,357 shares of the real estate investment trust's stock after selling 3,157 shares during the period. Illinois Municipal Retirement Fund's holdings in Digital Realty Trust were worth $418,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in DLR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Digital Realty Trust by 501.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust's stock worth $700,224,000 after buying an additional 3,607,802 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Digital Realty Trust in the third quarter worth $132,980,000. Sycomore Asset Management bought a new stake in shares of Digital Realty Trust in the third quarter worth $80,915,000. KBC Group NV increased its stake in shares of Digital Realty Trust by 341.5% in the third quarter. KBC Group NV now owns 279,921 shares of the real estate investment trust's stock worth $45,299,000 after buying an additional 216,515 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. increased its stake in shares of Digital Realty Trust by 16.5% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,285,883 shares of the real estate investment trust's stock worth $208,094,000 after buying an additional 181,868 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Price Performance

DLR stock traded up $1.81 during trading on Wednesday, hitting $157.48. The company had a trading volume of 2,016,042 shares, compared to its average volume of 2,468,032. The firm has a market capitalization of $53.01 billion, a price-to-earnings ratio of 97.21, a P/E/G ratio of 4.38 and a beta of 0.65. The business has a 50 day moving average of $170.30 and a 200 day moving average of $170.10. Digital Realty Trust, Inc. has a fifty-two week low of $135.54 and a fifty-two week 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.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share 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%. As a group, research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust's dividend payout ratio (DPR) is presently 301.23%.

Analyst Ratings Changes

A number of brokerages recently issued reports on DLR. StockNews.com lowered shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, February 22nd. Barclays lifted their price target on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an "underweight" rating in a research note on Monday, November 18th. Citizens Jmp upgraded shares of Digital Realty Trust to a "strong-buy" rating in a research note on Monday, January 27th. Scotiabank upgraded shares of Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 target price for the company in a research note on Tuesday, February 18th. Finally, JMP Securities reiterated a "market outperform" rating and set a $220.00 target price on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and an average price target of $181.00.

Insiders Place Their Bets

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.17% of the stock is owned by company insiders.

Digital Realty Trust 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.