California State Teachers Retirement System Has $82.53 Million Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

California State Teachers Retirement System cut its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 465,411 shares of the real estate investment trust's stock after selling 12,084 shares during the period. California State Teachers Retirement System owned approximately 0.14% of Digital Realty Trust worth $82,531,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Sierra Ocean LLC bought a new position in Digital Realty Trust in the fourth quarter valued at approximately $29,000. FNY Investment Advisers LLC bought a new position in shares of Digital Realty Trust in the 4th quarter valued at $35,000. Fairway Wealth LLC acquired a new position in shares of Digital Realty Trust during the 4th quarter worth $35,000. Versant Capital Management Inc lifted its position in shares of Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock worth $37,000 after buying an additional 173 shares during the last quarter. Finally, Centricity Wealth Management LLC bought a new stake in shares of Digital Realty Trust during the 4th quarter worth $37,000. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Trading Up 1.8 %

Digital Realty Trust stock traded up $2.85 during trading hours on Friday, reaching $164.73. 1,510,647 shares of the company's stock were exchanged, compared to its average volume of 2,043,131. The firm's 50 day simple moving average is $149.77 and its 200 day simple moving average is $167.70. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $55.47 billion, a PE ratio of 101.69, a PEG ratio of 4.38 and a beta of 0.93.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.04. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The company's revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.67 earnings per share. Research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $1.22 per share. The ex-dividend date was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.96%. Digital Realty Trust's dividend payout ratio (DPR) is presently 456.07%.

Wall Street Analyst Weigh In

Several brokerages have commented on DLR. Citigroup lowered their target price on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Scotiabank dropped their price objective on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 22nd. Truist Financial cut their target price on shares of Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, March 10th. JMP Securities reiterated a "market outperform" rating and set a $220.00 price target on shares of Digital Realty Trust in a report on Monday, April 28th. Finally, Citizens Jmp upgraded Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $183.05.

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.