State of Alaska Department of Revenue increased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 9.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 247,771 shares of the real estate investment trust’s stock after acquiring an additional 20,728 shares during the period. State of Alaska Department of Revenue owned approximately 0.09% of Digital Realty Trust worth $34,895,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the stock. Private Trust Co. NA increased its holdings in Digital Realty Trust by 3.3% during the 1st quarter. Private Trust Co. NA now owns 3,558 shares of the real estate investment trust’s stock worth $501,000 after acquiring an additional 113 shares during the period. Everence Capital Management Inc. bought a new position in shares of Digital Realty Trust in the 1st quarter worth $842,000. Fulton Bank N.A. bought a new position in shares of Digital Realty Trust in the 1st quarter worth $750,000. Cox Capital Mgt LLC increased its holdings in shares of Digital Realty Trust by 0.4% in the 1st quarter. Cox Capital Mgt LLC now owns 20,149 shares of the real estate investment trust’s stock worth $2,838,000 after buying an additional 82 shares during the last quarter. Finally, Pensionfund DSM Netherlands increased its holdings in shares of Digital Realty Trust by 59.3% in the 1st quarter. Pensionfund DSM Netherlands now owns 54,719 shares of the real estate investment trust’s stock worth $7,707,000 after buying an additional 20,369 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on the stock. Evercore ISI assumed coverage on shares of Digital Realty Trust in a report on Wednesday, March 17th. They issued an “in-line” rating and a $145.00 price target on the stock. TheStreet raised shares of Digital Realty Trust from a “c+” rating to a “b-” rating in a report on Monday, February 22nd. Raymond James reduced their target price on shares of Digital Realty Trust from $175.00 to $168.00 and set a “strong-buy” rating on the stock in a report on Tuesday, February 16th. They noted that the move was a valuation call. TD Securities raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a research note on Friday, December 18th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Digital Realty Trust from $170.00 to $165.00 and set a “buy” rating for the company in a research note on Tuesday, February 16th. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $160.95.
Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, February 11th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($1.36). Digital Realty Trust had a net margin of 17.50% and a return on equity of 5.31%. Research analysts anticipate that Digital Realty Trust, Inc. will post 6.13 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, March 15th were issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend was Friday, March 12th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 69.77%.
In other Digital Realty Trust news, insider Cindy Fiedelman sold 1,024 shares of the company’s stock in a transaction dated Friday, January 29th. The shares were sold at an average price of $143.83, for a total value of $147,281.92. Following the sale, the insider now owns 1,024 shares in the company, valued at $147,281.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kevin Kennedy sold 200 shares of the company’s stock in a transaction dated Monday, March 15th. The stock was sold at an average price of $134.58, for a total transaction of $26,916.00. Following the completion of the sale, the director now owns 200 shares in the company, valued at approximately $26,916. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,780 shares of company stock worth $7,466,129. Corporate insiders own 0.61% of the company’s stock.
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.
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