Retirement Systems of Alabama Has $35.46 Million Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Retirement Systems of Alabama boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,440 shares of the real estate investment trust's stock after buying an additional 1,944 shares during the quarter. Retirement Systems of Alabama owned approximately 0.07% of Digital Realty Trust worth $35,456,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Digital Realty Trust in the 4th quarter worth about $3,858,428,000. Northern Trust Corp boosted its position 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 valued at $900,934,000 after buying an additional 1,854,748 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Digital Realty Trust by 66.6% during 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 buying an additional 1,232,043 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Digital Realty Trust by 13,842.2% in the 1st quarter. GAMMA Investing LLC now owns 1,131,131 shares of the real estate investment trust's stock worth $162,080,000 after acquiring an additional 1,123,018 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Digital Realty Trust during the 4th quarter worth approximately $182,126,000. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DLR shares. Citigroup dropped their price target on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Jefferies Financial Group restated a "buy" rating and issued a $193.00 target price (up from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Scotiabank reduced their price target on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 22nd. Oppenheimer started coverage on shares of Digital Realty Trust in a report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price objective on the stock. Finally, Barclays dropped their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research note on Thursday, March 20th. One 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $185.76.

Insiders Place Their Bets

In related news, Director Mark R. Patterson sold 175 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the sale, the director now directly owns 6,522 shares of the company's stock, valued at approximately $1,151,133. This represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.13% of the company's stock.

Digital Realty Trust Trading Down 0.7%

DLR traded down $1.25 during midday trading on Friday, reaching $175.35. 2,641,311 shares of the company were exchanged, compared to its average volume of 1,998,170. The stock has a market capitalization of $59.06 billion, a P/E ratio of 163.88, a PEG ratio of 2.67 and a beta of 0.95. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The stock's 50-day simple moving average is $166.29 and its 200 day simple moving average is $165.29. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.92 and a current ratio of 1.92.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data 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 business 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 earned $1.67 EPS. Digital Realty Trust's quarterly revenue was up 5.7% compared to the same quarter last year. As a group, analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal 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 paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Friday, June 13th. Digital Realty Trust's payout ratio is presently 456.07%.

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.