Public Employees Retirement System of Ohio Trims Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Public Employees Retirement System of Ohio reduced its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 575,662 shares of the real estate investment trust's stock after selling 3,409 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.17% of Digital Realty Trust worth $102,082,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Bleakley Financial Group LLC grew its stake in Digital Realty Trust by 1.5% during the 4th quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust's stock valued at $769,000 after purchasing an additional 64 shares in the last quarter. Catalina Capital Group LLC grew its stake in Digital Realty Trust by 3.1% during the 4th quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust's stock valued at $424,000 after purchasing an additional 72 shares in the last quarter. Colonial Trust Co SC grew its stake in Digital Realty Trust by 33.8% during the 4th quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock valued at $51,000 after purchasing an additional 72 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in Digital Realty Trust by 25.9% during the 4th quarter. Sound Income Strategies LLC now owns 355 shares of the real estate investment trust's stock worth $63,000 after buying an additional 73 shares during the last quarter. Finally, Legacy Financial Advisors Inc. lifted its holdings in Digital Realty Trust by 5.4% during the 4th quarter. Legacy Financial Advisors Inc. now owns 1,437 shares of the real estate investment trust's stock worth $255,000 after buying an additional 74 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Scotiabank reduced their target price on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. increased their target price on Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Oppenheimer started coverage on Digital Realty Trust in a report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price target on the stock. Jefferies Financial Group reissued 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 cut their price target on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a report on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $185.10.

Digital Realty Trust Stock Up 0.4%

Shares of Digital Realty Trust stock opened at $167.89 on Friday. The business's fifty day moving average price is $154.10 and its two-hundred day moving average price is $167.17. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The company has a market capitalization of $56.54 billion, a P/E ratio of 103.64, a PEG ratio of 4.38 and a beta of 0.93. 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 issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The company had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same period last year, the firm earned $1.67 EPS. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. As a group, research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust's dividend payout ratio (DPR) is presently 456.07%.

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.

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