Digital Realty Trust, Inc. (NYSE:DLR) Shares Bought by Employees Retirement System of Texas

Employees Retirement System of Texas boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 14.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 174,999 shares of the real estate investment trust's stock after purchasing an additional 22,000 shares during the quarter. Employees Retirement System of Texas owned approximately 0.05% of Digital Realty Trust worth $31,033,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in DLR. Lakeshore Capital Group Inc. purchased a new position in shares of Digital Realty Trust in the 4th quarter worth $685,000. Hall Capital Management Co. Inc. acquired a new position in Digital Realty Trust in the 4th quarter worth $2,829,000. Ameriflex Group Inc. acquired a new stake in shares of Digital Realty Trust during the fourth quarter valued at about $52,000. Putney Financial Group LLC purchased a new stake in Digital Realty Trust during the 4th quarter worth approximately $93,000. Finally, Mackenzie Financial Corp boosted its stake in shares of Digital Realty Trust by 9.8% during the 4th quarter. Mackenzie Financial Corp now owns 27,405 shares of the real estate investment trust's stock valued at $4,860,000 after buying an additional 2,449 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

Shares of DLR traded down $0.57 during mid-day trading on Friday, reaching $171.69. 4,130,824 shares of the company's stock traded hands, compared to its average volume of 1,990,915. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The stock has a market capitalization of $57.82 billion, a P/E ratio of 105.98, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93. The business's 50-day moving average price is $156.34 and its 200-day moving average price is $166.77. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07.

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 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.04. The company 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 quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $1.67 earnings per share. Equities analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.88 annualized dividend and a yield of 2.84%. Digital Realty Trust's dividend payout ratio is currently 456.07%.

Wall Street Analyst Weigh In

DLR has been the subject of several research analyst reports. Barclays lowered their price objective on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a report on Thursday, March 20th. New Street Research upgraded Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. Scotiabank dropped their price target on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 22nd. Citigroup decreased their price objective on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and an average target price of $185.10.

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.