Employees Retirement System of Texas Boosts Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Employees Retirement System of Texas boosted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 14.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 174,999 shares of the real estate investment trust’s stock after buying an additional 22,000 shares during the quarter. Employees Retirement System of Texas owned approximately 0.05% of Digital Realty Trust worth $31,033,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Digital Realty Trust by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust’s stock valued at $9,124,193,000 after purchasing an additional 469,823 shares in the last quarter. Norges Bank bought a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $3,858,428,000. Geode Capital Management LLC lifted its position in Digital Realty Trust by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 8,527,649 shares of the real estate investment trust’s stock valued at $1,508,612,000 after acquiring an additional 281,704 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Digital Realty Trust by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 3,950,237 shares of the real estate investment trust’s stock valued at $700,486,000 after acquiring an additional 79,322 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Digital Realty Trust by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,632,752 shares of the real estate investment trust’s stock worth $644,196,000 after purchasing an additional 122,090 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 2.6 %

Digital Realty Trust stock opened at $137.45 on Monday. The stock has a 50-day moving average price of $156.26 and a 200 day moving average price of $169.36. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The stock has a market cap of $46.27 billion, a PE ratio of 84.85, a P/E/G ratio of 4.38 and a beta of 0.92. Digital Realty Trust, Inc. has a 52 week low of $133.20 and a 52 week high of $198.00.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust’s payout ratio is currently 301.23%.

Wall Street Analyst Weigh In

DLR has been the subject of a number of research reports. JMP Securities reaffirmed a “market outperform” rating and set a $220.00 target price on shares of Digital Realty Trust in a report on Tuesday, February 18th. JPMorgan Chase & Co. upped their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their target price for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Barclays decreased their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a research report on Thursday, March 20th. Finally, Scotiabank raised Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price for the company in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $184.33.

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.