Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 0.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 575,662 shares of the real estate investment trust’s stock after selling 3,409 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Digital Realty Trust were worth $102,082,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DLR. Norges Bank acquired a new position in shares of Digital Realty Trust in the 4th quarter worth $3,858,428,000. Northern Trust Corp grew its holdings in shares of Digital Realty Trust by 57.5% in the 4th quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust’s stock worth $900,934,000 after acquiring an additional 1,854,748 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Digital Realty Trust by 66.6% in the 4th quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust’s stock worth $546,499,000 after acquiring an additional 1,232,043 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Digital Realty Trust by 91.7% in the 4th quarter. Alliancebernstein L.P. now owns 1,529,796 shares of the real estate investment trust’s stock worth $271,279,000 after acquiring an additional 731,690 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Digital Realty Trust in the 4th quarter worth $125,336,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DLR shares. Citigroup decreased their target price on Digital Realty Trust from $188.00 to $174.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Jefferies Financial Group reiterated a “buy” rating and set a $193.00 price target (up previously from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. Truist Financial lowered their price target on Digital Realty Trust from $185.00 to $184.00 and set a “buy” rating on the stock in a report on Monday, May 12th. Scotiabank lowered their price target on Digital Realty Trust from $208.00 to $206.00 and set a “sector outperform” rating on the stock in a report on Tuesday, April 22nd. Finally, JMP Securities reiterated a “market outperform” rating and set a $220.00 price target on shares of Digital Realty Trust in a report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $185.10.

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $167.89 on Friday. The business’s 50-day moving average price is $154.10 and its two-hundred day moving average price is $167.17. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The company has a market capitalization of $56.54 billion, a P/E ratio of 103.64, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.04. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. Analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $1.22 dividend. The ex-dividend date was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.91%. Digital Realty Trust’s dividend payout ratio is currently 456.07%.

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.