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

Kentucky Retirement Systems increased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 7.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 institutional investors and hedge funds also recently added to or reduced their stakes in DLR. Fairway Wealth LLC purchased a new stake in Digital Realty Trust in the 4th quarter worth $35,000. Opal Wealth Advisors LLC bought a new stake in shares of Digital Realty Trust in the first quarter worth about $38,000. SRS Capital Advisors Inc. lifted its position in shares of Digital Realty Trust by 502.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock worth $43,000 after buying an additional 201 shares in the last quarter. Millstone Evans Group LLC bought a new position in Digital Realty Trust during the fourth quarter valued at approximately $43,000. Finally, Grove Bank & Trust grew its holdings in Digital Realty Trust by 306.7% during the 1st quarter. Grove Bank & Trust now owns 305 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 230 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

DLR has been the subject of a number of research reports. JMP Securities reiterated a "market outperform" rating and set a $220.00 target price on shares of Digital Realty Trust in a research report on Monday, April 28th. Oppenheimer initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price objective for the company. Citigroup reduced 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. Jefferies Financial Group reaffirmed a "buy" rating and issued a $193.00 price target (up previously from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. Finally, Barclays dropped their price target on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $185.76.

Digital Realty Trust Trading Down 1.5%

DLR traded down $2.59 during trading on Thursday, hitting $169.66. 4,734,137 shares of the stock were exchanged, compared to its average volume of 2,014,058. 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 firm has a 50 day simple moving average of $168.39 and a 200 day simple moving average of $165.01. The firm has a market cap of $57.14 billion, a price-to-earnings ratio of 158.56, a P/E/G ratio of 2.62 and a beta of 0.95. 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 the consensus estimate 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 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 firm posted $1.67 earnings per share. The business's revenue for the quarter was up 5.7% on a year-over-year basis. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Friday, June 13th. Digital Realty Trust's payout ratio is 456.07%.

Insider Buying and Selling

In related news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction of $30,887.50. Following the sale, the director now owns 6,522 shares of the company's stock, valued at $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The sale 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 insiders.

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.