Teachers Retirement System of The State of Kentucky Grows Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Teachers Retirement System of The State of Kentucky lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 1.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,675 shares of the real estate investment trust's stock after purchasing an additional 1,564 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Digital Realty Trust were worth $11,847,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Millstone Evans Group LLC bought a new position in Digital Realty Trust in the fourth quarter worth $43,000. Key Financial Inc boosted its position in shares of Digital Realty Trust by 114.0% in the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 138 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Digital Realty Trust in the 1st quarter worth approximately $38,000. Colonial Trust Co SC increased its position in Digital Realty Trust by 33.8% during the 4th quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock valued at $51,000 after buying an additional 72 shares in the last quarter. Finally, Crowley Wealth Management Inc. purchased a new position in Digital Realty Trust during the fourth quarter valued at $53,000. 99.71% of the stock is owned by institutional investors.

Insider Transactions at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of the company's 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 sale, the director directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.17% of the company's stock.

Digital Realty Trust Stock Up 0.7%

Shares of NYSE DLR opened at $177.98 on Monday. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The stock's fifty day simple moving average is $172.44 and its two-hundred day simple moving average is $163.85. The stock has a market capitalization of $59.94 billion, a PE ratio of 166.34, a price-to-earnings-growth ratio of 2.68 and a beta of 0.95. 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 issued its quarterly earnings results 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. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. The business's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 earnings per share. As a group, analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Friday, June 13th. Digital Realty Trust's dividend payout ratio is presently 456.07%.

Analysts Set New Price Targets

Several equities research analysts recently commented on DLR shares. Citigroup dropped their price objective on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Bank of America initiated coverage on shares of Digital Realty Trust in a research note on Monday, May 19th. They set a "buy" rating and a $210.00 target price on the stock. Scotiabank cut their price objective on shares of 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. New Street Research raised Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. Finally, Truist Financial lowered 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 research report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $187.16.

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.

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