State of Alaska Department of Revenue Boosts Stake in Digital Realty Trust, Inc. (NYSE:DLR)

State of Alaska Department of Revenue boosted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 199,561 shares of the real estate investment trust's stock after buying an additional 3,295 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of Digital Realty Trust worth $28,595,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Sierra Ocean LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter worth $29,000. Fairway Wealth LLC bought a new position in Digital Realty Trust in the 4th quarter worth about $35,000. Centricity Wealth Management LLC purchased a new stake in Digital Realty Trust during the 4th quarter valued at about $37,000. Millstone Evans Group LLC bought a new stake in Digital Realty Trust during the 4th quarter valued at about $43,000. Finally, SRS Capital Advisors Inc. raised its holdings in Digital Realty Trust by 502.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock worth $43,000 after buying an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DLR. Mizuho increased their price target on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a report on Tuesday. JMP Securities reiterated a "market outperform" rating and set a $220.00 target price on shares of Digital Realty Trust in a research note on Monday, April 28th. Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Bank of America started coverage on Digital Realty Trust in a report on Monday, May 19th. They set a "buy" rating and a $210.00 price target on the stock. Finally, New Street Research raised Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $185.76.

Digital Realty Trust Stock Performance

DLR stock traded up $0.47 during midday trading on Thursday, reaching $176.53. 1,468,770 shares of the company's stock traded hands, compared to its average volume of 1,999,229. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00. The stock's 50-day moving average is $165.00 and its 200 day moving average is $165.68. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.81. The stock has a market cap of $59.45 billion, a P/E ratio of 164.98, a PEG ratio of 2.69 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $1.43 billion. During the same period in the prior year, the company posted $1.67 earnings per share. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Friday, June 13th. Digital Realty Trust's payout ratio is currently 456.07%.

Insider Activity at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the business'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 sale, the director now directly owns 6,522 shares in the company, valued at $1,151,133. The trade was a 2.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

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.