Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lessened its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.0% in the 4th quarter, Holdings Channel reports. The firm owned 17,877 shares of the real estate investment trust’s stock after selling 551 shares during the period. Maryland State Retirement & Pension System’s holdings in Digital Realty Trust were worth $3,170,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DLR. OneDigital Investment Advisors LLC raised its holdings in Digital Realty Trust by 3.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock valued at $305,000 after acquiring an additional 59 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Digital Realty Trust by 9.2% during the 3rd quarter. Empowered Funds LLC now owns 4,937 shares of the real estate investment trust’s stock worth $799,000 after buying an additional 417 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Digital Realty Trust by 3.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 64,320 shares of the real estate investment trust’s stock worth $10,409,000 after purchasing an additional 1,960 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Digital Realty Trust by 8.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 40,320 shares of the real estate investment trust’s stock worth $6,525,000 after purchasing an additional 3,284 shares during the period. Finally, Commerce Bank boosted its position in shares of Digital Realty Trust by 4.6% during the 3rd quarter. Commerce Bank now owns 7,649 shares of the real estate investment trust’s stock worth $1,238,000 after purchasing an additional 339 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Trading Up 0.2 %

NYSE DLR opened at $151.40 on Friday. The stock has a market capitalization of $50.97 billion, a P/E ratio of 93.46, a P/E/G ratio of 4.38 and a beta of 0.65. Digital Realty Trust, Inc. has a 52-week low of $135.54 and a 52-week high of $198.00. The firm has a 50-day moving average price of $163.27 and a 200 day moving average price of $169.78. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80.

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

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $1.22 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.22%. Digital Realty Trust’s dividend payout ratio is presently 301.23%.

Wall Street Analysts Forecast Growth

DLR has been the subject of a number of research analyst reports. StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. Truist Financial decreased their price target on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, March 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Finally, JMP Securities reiterated a “market outperform” rating and set a $220.00 price target on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $179.95.

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.