Retirement Systems of Alabama Acquires 1,944 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Fairway Wealth LLC bought a new stake in Digital Realty Trust in the fourth quarter valued at $35,000. Centricity Wealth Management LLC bought a new stake in Digital Realty Trust in the 4th quarter valued at about $37,000. Opal Wealth Advisors LLC acquired a new position in Digital Realty Trust during the 1st quarter valued at about $38,000. SRS Capital Advisors Inc. grew its position in Digital Realty Trust by 502.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 201 shares during the last quarter. Finally, Millstone Evans Group LLC bought a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $43,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Up 0.2%

DLR stock traded up $0.43 during midday trading on Tuesday, reaching $177.77. The company had a trading volume of 1,558,450 shares, compared to its average volume of 1,993,189. The company has a 50 day moving average of $166.91 and a two-hundred day moving average of $165.00. The company has a market capitalization of $59.87 billion, a P/E ratio of 166.14, a PEG ratio of 2.67 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. 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 data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter last year, the firm earned $1.67 earnings per share. The business's revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities research analysts expect that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

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 $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Friday, June 13th. Digital Realty Trust's dividend payout ratio is presently 456.07%.

Analysts Set New Price Targets

A number of brokerages have issued reports on DLR. Oppenheimer began coverage on Digital Realty Trust in a research report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price target for the company. Scotiabank lowered their target price on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 22nd. Truist Financial decreased their price objective on shares of Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating for the company in a report on Monday, May 12th. JMP Securities restated a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a research report on Monday, April 28th. Finally, Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $185.76.

Insider Buying and Selling at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the transaction, the director now owns 6,522 shares in the company, valued at $1,151,133. This trade represents a 2.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.17% 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.