California Public Employees Retirement System Cuts Position in Digital Realty Trust, Inc. (NYSE:DLR)

California Public Employees Retirement System trimmed its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 518,946 shares of the real estate investment trust’s stock after selling 12,856 shares during the period. California Public Employees Retirement System’s holdings in Digital Realty Trust were worth $92,025,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Digital Realty Trust by 0.9% during the 4th 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 during the last quarter. Norges Bank bought a new position in Digital Realty Trust during the fourth quarter valued at about $3,858,428,000. Principal Financial Group Inc. raised its position 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 worth $700,486,000 after acquiring an additional 79,322 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Digital Realty Trust by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,632,752 shares of the real estate investment trust’s stock valued at $644,196,000 after acquiring an additional 122,090 shares during the last quarter. Finally, Amundi grew its position in shares of Digital Realty Trust by 10.2% during the 4th quarter. Amundi now owns 1,451,440 shares of the real estate investment trust’s stock valued at $262,522,000 after acquiring an additional 134,228 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DLR shares. Wells Fargo & Company dropped their price objective on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Mizuho dropped their price objective on shares of Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $180.32.

Digital Realty Trust Stock Up 0.9 %

DLR stock opened at $143.34 on Tuesday. The company’s 50 day moving average is $159.40 and its 200 day moving average is $169.80. The stock has a market cap of $48.25 billion, a price-to-earnings ratio of 88.48, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a 1-year low of $135.54 and a 1-year high of $198.00.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating 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%. Sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust’s payout ratio is currently 301.23%.

Digital Realty Trust 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.