Texas Permanent School Fund Corp Sells 8,497 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Texas Permanent School Fund Corp decreased its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 13.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,092 shares of the real estate investment trust's stock after selling 8,497 shares during the period. Texas Permanent School Fund Corp's holdings in Digital Realty Trust were worth $8,225,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of DLR. Private Advisor Group LLC boosted its holdings in shares of Digital Realty Trust by 28.8% in the 4th quarter. Private Advisor Group LLC now owns 9,390 shares of the real estate investment trust's stock valued at $1,264,000 after buying an additional 2,100 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of Digital Realty Trust in the 4th quarter valued at about $586,000. QRG Capital Management Inc. lifted its stake in Digital Realty Trust by 19.7% in the 4th quarter. QRG Capital Management Inc. now owns 4,050 shares of the real estate investment trust's stock valued at $545,000 after purchasing an additional 666 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Digital Realty Trust by 3.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,693 shares of the real estate investment trust's stock worth $1,170,000 after buying an additional 297 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Digital Realty Trust by 5.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478,516 shares of the real estate investment trust's stock valued at $63,887,000 after buying an additional 22,762 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analyst Weigh In

DLR has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price target on Digital Realty Trust from $165.00 to $175.00 and gave the company a "buy" rating in a research note on Friday, July 12th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Digital Realty Trust from $143.00 to $145.00 and gave the stock a "hold" rating in a research note on Thursday, May 30th. Royal Bank of Canada upped their price target on shares of Digital Realty Trust from $144.00 to $160.00 and gave the company an "outperform" rating in a research note on Monday, June 3rd. Truist Financial raised their price objective on shares of 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, Wells Fargo & Company increased their target price on Digital Realty Trust from $155.00 to $170.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 23rd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $154.00.

Digital Realty Trust Price Performance

Shares of NYSE DLR traded up $1.66 during midday trading on Wednesday, reaching $158.42. 1,914,642 shares of the company were exchanged, compared to its average volume of 1,842,334. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a one year low of $113.94 and a one year high of $162.58. The stock has a market cap of $49.49 billion, a P/E ratio of 43.54, a PEG ratio of 4.73 and a beta of 0.60. The stock's 50-day moving average price is $151.38 and its 200-day moving average price is $146.59.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the firm posted $1.68 earnings per share. The business's revenue for the quarter was down .7% on a year-over-year basis. On average, 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 disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $1.22 dividend. The ex-dividend date is Friday, September 13th. This represents a $4.88 dividend on an annualized basis and a yield of 3.08%. Digital Realty Trust's payout ratio is 135.56%.

Insider Buying and Selling

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the company's stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the sale, the director now owns 9,055 shares in the company, valued at approximately $1,360,604.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is owned by corporate insiders.

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.