Utah Retirement Systems Increases Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Utah Retirement Systems lifted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 3.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,948 shares of the real estate investment trust's stock after acquiring an additional 1,600 shares during the period. Utah Retirement Systems' holdings in Digital Realty Trust were worth $9,744,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Sierra Ocean LLC purchased a new position in shares of Digital Realty Trust during the fourth quarter worth approximately $29,000. FNY Investment Advisers LLC acquired a new position in Digital Realty Trust in the fourth quarter valued at $35,000. Fairway Wealth LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter valued at about $35,000. Versant Capital Management Inc boosted its stake in shares of Digital Realty Trust by 480.6% during the fourth 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 period. Finally, Centricity Wealth Management LLC purchased a new position in shares of Digital Realty Trust during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DLR shares. Mizuho lowered their target price on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a research note on Friday, March 28th. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a "hold" rating to a "buy" rating and boosted their price objective for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. JMP Securities restated a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a research note on Monday, April 28th. Citizens Jmp upgraded shares of Digital Realty Trust to a "strong-buy" rating in a research note on Monday, January 27th. Finally, UBS Group raised Digital Realty Trust from a "neutral" rating to a "buy" rating and raised their price target for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, five 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.com, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and an average price target of $183.05.

Digital Realty Trust Price Performance

Digital Realty Trust stock traded down $0.47 during midday trading on Tuesday, reaching $166.17. 373,186 shares of the company were exchanged, compared to its average volume of 2,034,414. The company has a market capitalization of $55.96 billion, a price-to-earnings ratio of 102.67, a P/E/G ratio of 4.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The firm's 50-day simple moving average is $149.92 and its 200-day simple moving average is $167.71. 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 - Get Free Report) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.04. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business earned $1.67 earnings per share. Digital Realty Trust's revenue was up 5.7% compared to the same quarter last year. On average, analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Friday, March 14th. Digital Realty Trust's payout ratio is 456.07%.

Digital Realty Trust Company 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.