Teacher Retirement System of Texas Acquires 20,727 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Teacher Retirement System of Texas lifted its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 48.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,863 shares of the real estate investment trust's stock after buying an additional 20,727 shares during the period. Teacher Retirement System of Texas' holdings in Digital Realty Trust were worth $9,151,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in Digital Realty Trust during the fourth quarter valued at approximately $35,000. Millstone Evans Group LLC acquired a new position in Digital Realty Trust during the fourth quarter valued at approximately $43,000. SRS Capital Advisors Inc. raised its position in Digital Realty Trust by 502.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 241 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 201 shares in the last quarter. OFI Invest Asset Management acquired a new position in Digital Realty Trust during the fourth quarter valued at approximately $45,000. Finally, Opal Wealth Advisors LLC acquired a new position in Digital Realty Trust during the first quarter valued at approximately $38,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mark R. Patterson sold 175 shares of the stock in a transaction dated 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 owned 6,522 shares of the company's stock, valued at $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 is available through this link. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on DLR shares. JMP Securities restated a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a research report on Monday, April 28th. Barclays reduced their price objective on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research report on Thursday, March 20th. Scotiabank lowered their target price on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 22nd. Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Finally, Bank of America began coverage on Digital Realty Trust in a research note on Monday, May 19th. They issued a "buy" rating and a $210.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $187.16.

Digital Realty Trust Trading Down 0.6%

DLR traded down $1.12 during trading on Monday, reaching $171.48. 1,267,724 shares of the stock traded hands, compared to its average volume of 2,018,765. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $57.75 billion, a PE ratio of 160.26, a P/E/G ratio of 2.63 and a beta of 0.95. The stock's 50-day moving average is $170.84 and its 200 day moving average is $164.28. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month 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 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.04. The business had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. Digital Realty Trust had a net margin of 7.65% and a return on equity of 2.07%. The business's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.67 earnings per share. Equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.85%. Digital Realty Trust's dividend payout ratio (DPR) is presently 456.07%.

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.