Retirement Systems of Alabama Trims Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Retirement Systems of Alabama cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 46.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 247,546 shares of the real estate investment trust's stock after selling 213,628 shares during the period. Retirement Systems of Alabama owned 0.08% of Digital Realty Trust worth $37,639,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Gradient Investments LLC increased its holdings in shares of Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 76 shares during the last quarter. Rise Advisors LLC raised its holdings in shares of Digital Realty Trust by 1,125.0% during the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 180 shares in the last quarter. GoalVest Advisory LLC purchased a new stake in shares of Digital Realty Trust during the 1st quarter worth approximately $29,000. Bfsg LLC purchased a new position in shares of Digital Realty Trust in the fourth quarter valued at $31,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in Digital Realty Trust in the fourth quarter worth $32,000. 99.71% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the company's stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the sale, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.17% of the company's stock.

Digital Realty Trust Stock Up 1.0 %

NYSE DLR traded up $1.49 on Friday, reaching $152.18. 1,604,181 shares of the stock traded hands, compared to its average volume of 1,865,104. Digital Realty Trust, Inc. has a 12 month low of $113.94 and a 12 month high of $162.58. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.29 and a current ratio of 1.78. The company has a fifty day moving average price of $151.05 and a 200-day moving average price of $145.76. The company has a market cap of $47.55 billion, a price-to-earnings ratio of 42.27, a PEG ratio of 10.97 and a beta of 0.59.

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

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $4.88 annualized dividend and a yield of 3.21%. Digital Realty Trust's dividend payout ratio (DPR) is presently 135.56%.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of research reports. Truist Financial boosted their target price on shares of Digital Realty Trust from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Tuesday, August 13th. Argus downgraded Digital Realty Trust from a "buy" rating to a "hold" rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Digital Realty Trust from $143.00 to $145.00 and gave the stock a "hold" rating in a report on Thursday, May 30th. JPMorgan Chase & Co. upgraded Digital Realty Trust from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $150.00 to $175.00 in a research report on Friday, June 28th. Finally, Royal Bank of Canada lifted their price objective on shares of Digital Realty Trust from $144.00 to $160.00 and gave the stock an "outperform" rating in a research note on Monday, June 3rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $154.00.

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.