State of Tennessee Department of Treasury Has $21.88 Million Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

State of Tennessee Department of Treasury lessened its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 5.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 123,396 shares of the real estate investment trust's stock after selling 6,617 shares during the period. State of Tennessee Department of Treasury's holdings in Digital Realty Trust were worth $21,882,000 as of its most recent filing with the SEC.

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

Digital Realty Trust Trading Down 0.1 %

Shares of NYSE DLR traded down $0.14 during midday trading on Monday, reaching $159.75. 495,144 shares of the stock were exchanged, compared to its average volume of 2,501,069. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The company has a market capitalization of $53.79 billion, a price-to-earnings ratio of 98.64, a P/E/G ratio of 4.38 and a beta of 0.92. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The business has a 50-day simple moving average of $150.10 and a two-hundred day simple moving average of $167.72.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. As a group, equities research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.05%. Digital Realty Trust's payout ratio is 301.23%.

Analyst Ratings Changes

DLR has been the topic of several research analyst reports. UBS Group raised shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and increased their price target for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Truist Financial decreased their price objective on 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. StockNews.com downgraded Digital Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, February 22nd. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and raised their price target for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. boosted their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and an average target price 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.