Digital Realty Trust, Inc. (NYSE:DLR) Stock Holdings Reduced by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 274,518 shares of the real estate investment trust's stock after selling 7,374 shares during the quarter. New York State Teachers Retirement System owned 0.09% of Digital Realty Trust worth $41,740,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Gradient Investments LLC boosted its position in Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 76 shares during the period. Rise Advisors LLC increased its stake in shares of Digital Realty Trust by 1,125.0% during the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust's stock worth $28,000 after buying an additional 180 shares during the period. GoalVest Advisory LLC acquired a new stake in Digital Realty Trust in the first quarter valued at approximately $29,000. Bfsg LLC purchased a new position in Digital Realty Trust in the fourth quarter worth approximately $31,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in shares of Digital Realty Trust in the 4th quarter valued at approximately $32,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

Shares of NYSE DLR traded up $1.49 during trading on Friday, reaching $152.18. The company had a trading volume of 1,594,839 shares, compared to its average volume of 1,865,104. The company has a current ratio of 1.78, a quick ratio of 1.29 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $47.55 billion, a PE ratio of 42.27, a price-to-earnings-growth ratio of 10.97 and a beta of 0.59. Digital Realty Trust, Inc. has a twelve month low of $113.94 and a twelve month high of $162.58. The stock has a 50-day moving average price of $151.00 and a two-hundred day moving average price of $145.70.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.63 by ($1.43). The firm had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. Digital Realty Trust's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the company posted $1.68 earnings per share. As a group, sell-side analysts predict that Digital Realty Trust, Inc. will post 6.67 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Friday, September 13th. Digital Realty Trust's dividend payout ratio is currently 135.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets raised shares of Digital Realty Trust from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $144.00 to $170.00 in a research report on Wednesday, June 26th. HSBC upped their price objective on Digital Realty Trust from $115.00 to $118.00 and gave the stock a "reduce" rating in a research report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft raised their target price on Digital Realty Trust from $143.00 to $145.00 and gave the stock a "hold" rating in a research report on Thursday, May 30th. Barclays upped their price target on Digital Realty Trust from $123.00 to $130.00 and gave the company an "underweight" rating in a report on Wednesday, July 24th. Finally, The Goldman Sachs Group began coverage on shares of Digital Realty Trust in a report on Monday, July 1st. They set a "buy" rating and a $175.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Digital Realty Trust presently has an average rating of "Hold" and a consensus price target of $154.00.

Insider Activity at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the transaction, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.17% of the company's stock.

Digital Realty Trust Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.