Digital Realty Trust, Inc. (NYSE:DLR) Position Increased by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 199,561 shares of the real estate investment trust’s stock after buying an additional 3,295 shares during the quarter. State of Alaska Department of Revenue’s holdings in Digital Realty Trust were worth $28,595,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DLR. Shepherd Financial Partners LLC lifted its position in shares of Digital Realty Trust by 4.1% in the first quarter. Shepherd Financial Partners LLC now owns 10,184 shares of the real estate investment trust’s stock worth $1,459,000 after purchasing an additional 399 shares in the last quarter. Clarius Group LLC purchased a new stake in shares of Digital Realty Trust in the first quarter worth approximately $329,000. Boomfish Wealth Group LLC lifted its position in shares of Digital Realty Trust by 10.6% in the first quarter. Boomfish Wealth Group LLC now owns 9,993 shares of the real estate investment trust’s stock worth $1,432,000 after purchasing an additional 956 shares in the last quarter. Grove Bank & Trust lifted its position in shares of Digital Realty Trust by 306.7% in the first quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 230 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its position in shares of Digital Realty Trust by 4.3% in the first quarter. QRG Capital Management Inc. now owns 39,732 shares of the real estate investment trust’s stock worth $5,693,000 after purchasing an additional 1,631 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on DLR. Citigroup reduced their price target on shares of Digital Realty Trust from $188.00 to $174.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Barclays cut their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating on the stock in a research report on Thursday, March 20th. Bank of America assumed coverage on shares of Digital Realty Trust in a research report on Monday, May 19th. They set a “buy” rating and a $210.00 price objective on the stock. Mizuho raised their price objective on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Oppenheimer assumed coverage on shares of Digital Realty Trust in a research report on Wednesday, May 14th. They set an “outperform” rating and a $200.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.76.

Insider Transactions at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of the firm’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the transaction, the director now directly owns 6,522 shares of the company’s stock, valued at $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

Digital Realty Trust Trading Down 0.0%

Shares of Digital Realty Trust stock opened at $176.05 on Wednesday. The company’s fifty day simple moving average is $164.39 and its 200-day simple moving average is $165.61. The company has a market cap of $59.29 billion, a price-to-earnings ratio of 164.53, a PEG ratio of 2.68 and a beta of 0.95. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.04. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. Digital Realty Trust’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company posted $1.67 earnings per share. As a group, sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.77%. Digital Realty Trust’s payout ratio is 456.07%.

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.