Teacher Retirement System of Texas Has $9.15 Million Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Teacher Retirement System of Texas raised its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 48.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,863 shares of the real estate investment trust's stock after purchasing an additional 20,727 shares during the quarter. Teacher Retirement System of Texas' holdings in Digital Realty Trust were worth $9,151,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Elmwood Wealth Management Inc. raised its stake in shares of Digital Realty Trust by 17.8% in the 1st quarter. Elmwood Wealth Management Inc. now owns 3,060 shares of the real estate investment trust's stock valued at $438,000 after purchasing an additional 463 shares in the last quarter. Arbor Capital Management Inc. ADV lifted its holdings in Digital Realty Trust by 5.3% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 8,398 shares of the real estate investment trust's stock worth $1,229,000 after buying an additional 420 shares during the last quarter. Keybank National Association OH lifted its holdings in Digital Realty Trust by 1.0% during the 1st quarter. Keybank National Association OH now owns 22,479 shares of the real estate investment trust's stock worth $3,221,000 after buying an additional 228 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Digital Realty Trust by 9.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust's stock worth $20,110,000 after buying an additional 12,289 shares during the last quarter. Finally, Clear Creek Financial Management LLC lifted its holdings in Digital Realty Trust by 11.5% during the 1st quarter. Clear Creek Financial Management LLC now owns 4,184 shares of the real estate investment trust's stock worth $600,000 after buying an additional 430 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. Oppenheimer assumed coverage on Digital Realty Trust in a report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 target price on the stock. Wall Street Zen raised Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. JMP Securities reaffirmed a "market outperform" rating and set a $220.00 target price on shares of Digital Realty Trust in a report on Monday, April 28th. Bank of America began coverage on Digital Realty Trust in a report on Monday, May 19th. They set a "buy" rating and a $210.00 target price on the stock. Finally, Mizuho increased their price target on Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Digital Realty Trust presently has an average rating of "Moderate Buy" and an average price target of $187.16.

Digital Realty Trust Price Performance

Shares of DLR stock traded down $1.24 during mid-day trading on Tuesday, hitting $170.40. 421,260 shares of the stock traded hands, compared to its average volume of 2,012,454. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The firm has a market cap of $57.39 billion, a price-to-earnings ratio of 159.25, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95. The company's 50-day simple moving average is $171.06 and its 200-day simple moving average is $164.23. 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. 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 revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $1.67 EPS. As a group, equities research analysts expect 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 paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend was Friday, June 13th. Digital Realty Trust's dividend payout ratio is presently 456.07%.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction 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 directly owned 6,522 shares of the company's stock, valued at $1,151,133. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.17% of the stock is currently owned by corporate insiders.

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.