Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 236,593 shares of the real estate investment trust's stock after selling 9,044 shares during the quarter. New York State Teachers Retirement System owned approximately 0.07% of Digital Realty Trust worth $33,901,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Digital Realty Trust in the fourth quarter worth $3,858,428,000. Northern Trust Corp grew its holdings in 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 worth $900,934,000 after purchasing an additional 1,854,748 shares during the last quarter. Deutsche Bank AG grew its holdings in 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 worth $546,499,000 after purchasing an additional 1,232,043 shares during the last quarter. GAMMA Investing LLC grew its holdings in 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 worth $162,080,000 after purchasing an additional 1,123,018 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Digital Realty Trust in the fourth quarter worth $182,126,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DLR. Oppenheimer began coverage on shares of Digital Realty Trust in a report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price target on the stock. Mizuho lifted their price target on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a report on Tuesday, June 17th. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. New Street Research raised shares of Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $193.00 price objective (up from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $187.16.

Digital Realty Trust Price Performance

Shares of DLR traded up $0.44 during mid-day trading on Friday, hitting $172.60. 780,879 shares of the company were exchanged, compared to its average volume of 2,018,742. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. 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 moving average of $170.84 and a 200-day moving average of $164.45. The stock has a market cap of $58.13 billion, a price-to-earnings ratio of 161.31, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95.

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 earnings per share for the quarter, topping 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. The company's revenue for the quarter was up 5.7% on a year-over-year basis. Analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a $1.22 dividend. The ex-dividend date was Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.83%. Digital Realty Trust's payout ratio is 456.07%.

Insider Buying and Selling

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the 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 owned 6,522 shares in the company, valued at approximately $1,151,133. This represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company's stock.

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.