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

State of Alaska Department of Revenue raised its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 1.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 199,561 shares of the real estate investment trust's stock after acquiring an additional 3,295 shares during the quarter. 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 quarter.

A number of other institutional investors also recently modified their holdings of the company. Nations Financial Group Inc. IA ADV purchased a new stake in Digital Realty Trust in the fourth quarter worth $211,000. Principal Securities Inc. raised its holdings in Digital Realty Trust by 6.6% in the 4th quarter. Principal Securities Inc. now owns 6,051 shares of the real estate investment trust's stock worth $1,073,000 after purchasing an additional 376 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter worth about $29,000. Catalyst Capital Advisors LLC bought a new stake in shares of Digital Realty Trust during the 4th quarter valued at about $64,000. Finally, CIBC Asset Management Inc increased its position in shares of Digital Realty Trust by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 47,707 shares of the real estate investment trust's stock valued at $8,460,000 after buying an additional 2,610 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on DLR shares. New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. Oppenheimer assumed coverage on Digital Realty Trust in a research report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 target price for the company. Bank of America initiated coverage on Digital Realty Trust in a research note on Monday, May 19th. They issued a "buy" rating and a $210.00 target price for the company. Citigroup reduced their price target on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $193.00 price objective (up previously 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, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $185.76.

Digital Realty Trust Stock Down 0.7%

Shares of DLR traded down $1.25 on Friday, hitting $175.35. 2,641,311 shares of the stock traded hands, compared to its average volume of 1,998,170. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The company has a market capitalization of $59.06 billion, a PE ratio of 163.88, a P/E/G ratio of 2.67 and a beta of 0.95. The business has a 50 day simple moving average of $166.29 and a 200 day simple moving average of $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 posted its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.04. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. The company's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.67 EPS. As a group, equities 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 business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend 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%.

Insider Transactions at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the transaction, the director now owns 6,522 shares in the company, valued at $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.13% of the company's stock.

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.