Strs Ohio Sells 34,386 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Strs Ohio trimmed its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 586,247 shares of the real estate investment trust's stock after selling 34,386 shares during the quarter. Strs Ohio owned approximately 0.19% of Digital Realty Trust worth $78,897,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vontobel Holding Ltd. bought a new position in Digital Realty Trust during the 4th quarter valued at $1,779,000. Phocas Financial Corp. bought a new position in Digital Realty Trust during the 4th quarter valued at $448,000. Louisiana State Employees Retirement System bought a new position in Digital Realty Trust during the 4th quarter valued at $2,463,000. Simplicity Solutions LLC lifted its position in shares of Digital Realty Trust by 23.6% in the 4th quarter. Simplicity Solutions LLC now owns 3,866 shares of the real estate investment trust's stock worth $520,000 after buying an additional 737 shares during the last quarter. Finally, Graypoint LLC lifted its position in shares of Digital Realty Trust by 7.1% in the 4th quarter. Graypoint LLC now owns 1,773 shares of the real estate investment trust's stock worth $239,000 after buying an additional 118 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Truist Financial raised their price target on shares of Digital Realty Trust from $145.00 to $158.00 and gave the stock a "buy" rating in a research report on Monday, March 18th. Morgan Stanley raised their price target on shares of Digital Realty Trust from $100.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 2nd. Royal Bank of Canada restated an "outperform" rating and issued a $144.00 price target on shares of Digital Realty Trust in a research report on Friday, February 16th. Wells Fargo & Company upgraded shares of Digital Realty Trust from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $135.00 to $155.00 in a research report on Tuesday, April 9th. Finally, Barclays lifted their price objective on shares of Digital Realty Trust from $110.00 to $119.00 and gave the company an "underweight" rating in a research report on Tuesday, March 5th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $143.33.

Digital Realty Trust Price Performance

Digital Realty Trust stock traded down $0.74 during trading hours on Friday, hitting $142.49. 1,315,443 shares of the company traded hands, compared to its average volume of 1,626,146. The firm has a market cap of $44.50 billion, a P/E ratio of 47.98, a P/E/G ratio of 3.24 and a beta of 0.54. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. The firm's 50-day simple moving average is $142.96 and its two-hundred day simple moving average is $135.51. Digital Realty Trust, Inc. has a 1-year low of $86.33 and a 1-year high of $154.18.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.42%. Digital Realty Trust's payout ratio is 164.31%.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of Digital Realty Trust stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total value of $494,700.00. Following the transaction, the director now owns 8,413 shares of the company's stock, valued at approximately $1,224,091.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.39% of the stock is owned by corporate insiders.

Digital Realty Trust Company Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.