Kentucky Retirement Systems Insurance Trust Fund Takes Position in Digital Realty Trust, Inc. (NYSE:DLR)

Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 9,636 shares of the real estate investment trust's stock, valued at approximately $1,381,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DLR. Norges Bank purchased a new stake in shares of Digital Realty Trust in the 4th quarter valued at approximately $3,858,428,000. Northern Trust Corp grew its holdings in shares of Digital Realty Trust by 57.5% in the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock valued at $900,934,000 after purchasing an additional 1,854,748 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Digital Realty Trust by 66.6% in the fourth quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust's stock valued at $546,499,000 after purchasing an additional 1,232,043 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Digital Realty Trust by 13,842.2% in the first quarter. GAMMA Investing LLC now owns 1,131,131 shares of the real estate investment trust's stock valued at $162,080,000 after purchasing an additional 1,123,018 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $182,126,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

DLR stock traded up $2.13 on Monday, hitting $177.55. The company's stock had a trading volume of 1,183,187 shares, compared to its average volume of 1,994,911. The firm has a 50 day moving average of $166.91 and a two-hundred day moving average of $165.00. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $198.00. The stock has a market cap of $59.80 billion, a price-to-earnings ratio of 165.93, 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.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released 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 net margin of 7.65% and a return on equity of 2.07%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. Digital Realty Trust's revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Friday, June 13th. Digital Realty Trust's payout ratio is 456.07%.

Wall Street Analyst Weigh In

Several research firms have commented on DLR. Oppenheimer began coverage on shares of Digital Realty Trust in a report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price target for the company. Scotiabank lowered their price target on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group reiterated a "buy" rating and set a $193.00 price target (up previously from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. Finally, JMP Securities reiterated a "market outperform" rating and set a $220.00 price target on shares of Digital Realty Trust in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $185.76.

Insider Transactions at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the sale, the director now owns 6,522 shares in the company, 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 at this link. Company insiders own 0.17% of the company's stock.

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.