Arizona State Retirement System Purchases 3,345 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Arizona State Retirement System boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,348 shares of the real estate investment trust's stock after purchasing an additional 3,345 shares during the period. Arizona State Retirement System's holdings in Digital Realty Trust were worth $13,949,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millstone Evans Group LLC purchased a new position in Digital Realty Trust in the fourth quarter worth $43,000. Opal Wealth Advisors LLC purchased a new position in shares of Digital Realty Trust during the 1st quarter valued at $38,000. Colonial Trust Co SC lifted its position in shares of Digital Realty Trust by 33.8% during the 4th quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock valued at $51,000 after buying an additional 72 shares during the last quarter. Crowley Wealth Management Inc. purchased a new position in shares of Digital Realty Trust during the 4th quarter valued at $53,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Digital Realty Trust during the 4th quarter valued at $53,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Insiders Place Their Bets

In other news, Director Mark R. Patterson sold 175 shares of the business'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 owned 6,522 shares in the company, valued at $1,151,133. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by company insiders.

Digital Realty Trust Stock Down 1.3%

Shares of DLR traded down $2.15 on Friday, reaching $168.33. The stock had a trading volume of 1,493,984 shares, compared to its average volume of 2,020,166. The firm has a market capitalization of $56.69 billion, a price-to-earnings ratio of 157.32, a price-to-earnings-growth ratio of 2.56 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.92 and a current ratio of 1.92. The company has a 50-day simple moving average of $171.73 and a 200-day simple moving average of $164.07. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.04. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the company earned $1.67 EPS. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. Sell-side analysts predict 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 was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend was Friday, June 13th. Digital Realty Trust's dividend payout ratio (DPR) is presently 456.07%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DLR shares. Mizuho upped their target price on Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 17th. New Street Research upgraded Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. Truist Financial decreased their target price on Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Finally, Bank of America began coverage on Digital Realty Trust in a research note on Monday, May 19th. They issued a "buy" rating and a $210.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $187.16.

About Digital Realty Trust

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.