Digital Realty Trust, Inc. (NYSE:DLR) Stake Raised by Arizona State Retirement System

Arizona State Retirement System lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,535 shares of the real estate investment trust's stock after purchasing an additional 3,626 shares during the period. Arizona State Retirement System's holdings in Digital Realty Trust were worth $13,766,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in Digital Realty Trust during the 4th quarter worth approximately $2,141,890,000. Vanguard Group Inc. grew its position in shares of Digital Realty Trust by 2.0% during the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust's stock worth $6,986,458,000 after buying an additional 951,567 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Digital Realty Trust in the fourth quarter worth $107,372,000. Kodai Capital Management LP acquired a new stake in Digital Realty Trust in the fourth quarter valued at $59,087,000. Finally, UBS Group AG raised its holdings in Digital Realty Trust by 45.6% in the fourth quarter. UBS Group AG now owns 784,048 shares of the real estate investment trust's stock valued at $105,517,000 after acquiring an additional 245,554 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the company's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the completion of the sale, the director now directly owns 9,055 shares of the company's stock, valued at approximately $1,360,604.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.17% of the stock is owned by corporate insiders.

Digital Realty Trust Stock Performance

Shares of NYSE:DLR traded down $1.69 during trading hours on Friday, hitting $148.22. The stock had a trading volume of 1,741,665 shares, compared to its average volume of 1,844,135. The stock's fifty day simple moving average is $151.36 and its 200 day simple moving average is $146.30. The firm has a market capitalization of $46.31 billion, a price-to-earnings ratio of 41.17, a PEG ratio of 4.84 and a beta of 0.60. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78. Digital Realty Trust, Inc. has a 1-year low of $113.94 and a 1-year high of $162.58.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $1.63 by ($1.43). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the business earned $1.68 earnings per share. The firm's revenue was down .7% compared to the same quarter last year. Sell-side analysts anticipate that Digital Realty Trust, Inc. will post 6.65 earnings per share 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. Investors of record on Friday, September 13th will be given a $1.22 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $4.88 dividend on an annualized basis and a yield of 3.29%. Digital Realty Trust's dividend payout ratio is presently 135.56%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Barclays boosted their target price on shares of Digital Realty Trust from $123.00 to $130.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 24th. Wells Fargo & Company boosted their price objective on Digital Realty Trust from $155.00 to $170.00 and gave the company an "overweight" rating in a report on Tuesday, July 23rd. Stifel Nicolaus increased their target price on Digital Realty Trust from $165.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, July 12th. Truist Financial lifted their target price on Digital Realty Trust from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Tuesday, August 13th. Finally, The Goldman Sachs Group started coverage on Digital Realty Trust in a research report on Monday, July 1st. They set a "buy" rating and a $175.00 price target on the stock. Three analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $154.00.

About Digital Realty Trust

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.