Kentucky Retirement Systems Acquires 1,475 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Kentucky Retirement Systems grew its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 7.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,624 shares of the real estate investment trust's stock after purchasing an additional 1,475 shares during the quarter. Kentucky Retirement Systems' holdings in Digital Realty Trust were worth $3,242,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Fairway Wealth LLC acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at approximately $35,000. Opal Wealth Advisors LLC acquired a new stake in shares of Digital Realty Trust in the 1st quarter valued at approximately $38,000. SRS Capital Advisors Inc. raised its position in shares of Digital Realty Trust by 502.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 201 shares during the period. Millstone Evans Group LLC acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at approximately $43,000. Finally, Grove Bank & Trust raised its position in shares of Digital Realty Trust by 306.7% in the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 230 shares during the period. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Performance

NYSE DLR opened at $175.35 on Monday. The firm has a market capitalization of $59.06 billion, a P/E ratio of 163.88, a price-to-earnings-growth ratio of 2.67 and a beta of 0.95. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.81. The firm's fifty day moving average price is $166.29 and its two-hundred day moving average price is $165.11. 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 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 firm had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.43 billion. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.67 earnings per share. As a group, research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $1.22 dividend. The ex-dividend date is Friday, June 13th. This represents a $4.88 annualized dividend and a yield of 2.78%. Digital Realty Trust's dividend payout ratio is 456.07%.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the transaction, the director now directly owns 6,522 shares of the company's stock, 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 SEC, which is available through this hyperlink. Corporate insiders own 0.17% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DLR. Jefferies Financial Group reiterated a "buy" rating and issued a $193.00 price target (up from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Barclays dropped their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a report on Thursday, March 20th. Citigroup dropped their target price on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Oppenheimer initiated coverage on shares of Digital Realty Trust in a report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 target price on the stock. Finally, New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Digital Realty Trust has an average rating of "Moderate Buy" and an average price target of $185.76.

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.

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