Texas Permanent School Fund Corp Grows Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Texas Permanent School Fund Corp lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.1% during the first quarter, HoldingsChannel reports. The firm owned 62,589 shares of the real estate investment trust’s stock after purchasing an additional 72 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Digital Realty Trust were worth $9,015,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Catalina Capital Group LLC raised its holdings in Digital Realty Trust by 40.8% in the first quarter. Catalina Capital Group LLC now owns 2,139 shares of the real estate investment trust’s stock valued at $308,000 after acquiring an additional 620 shares in the last quarter. Mediolanum International Funds Ltd acquired a new stake in Digital Realty Trust in the first quarter valued at $6,656,000. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Digital Realty Trust by 7.9% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 62,225 shares of the real estate investment trust’s stock valued at $8,963,000 after acquiring an additional 4,578 shares in the last quarter. Smith Salley Wealth Management increased its stake in Digital Realty Trust by 5.3% during the first quarter. Smith Salley Wealth Management now owns 8,765 shares of the real estate investment trust’s stock valued at $1,262,000 after purchasing an additional 443 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in Digital Realty Trust by 86.3% during the first quarter. Jennison Associates LLC now owns 336,578 shares of the real estate investment trust’s stock valued at $48,481,000 after purchasing an additional 155,926 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Up 1.3 %

Shares of NYSE:DLR traded up $2.10 during trading on Thursday, hitting $157.73. 1,661,864 shares of the company’s stock traded hands, compared to its average volume of 1,940,280. The company has a market cap of $49.28 billion, a price-to-earnings ratio of 43.61, a price-to-earnings-growth ratio of 20.20 and a beta of 0.59. Digital Realty Trust, Inc. has a 52 week low of $113.94 and a 52 week high of $160.46. The company has a 50-day moving average price of $146.75 and a 200-day moving average price of $142.74. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.91.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Friday, June 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 135.56%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DLR. HSBC boosted their target price on shares of Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a research note on Friday, May 3rd. Barclays upped their price target on shares of Digital Realty Trust from $119.00 to $123.00 and gave the stock an “underweight” rating in a research report on Thursday, May 30th. UBS Group upped their price target on shares of Digital Realty Trust from $143.00 to $147.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. TD Cowen upped their price target on shares of Digital Realty Trust from $116.00 to $122.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Finally, Mizuho assumed coverage on shares of Digital Realty Trust in a research report on Thursday. They set an “outperform” rating and a $170.00 price target for the company. Three analysts have rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $150.45.

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.