California Public Employees Retirement System Has $95.23 Million Stock Position in Digital Realty Trust, Inc. $DLR

California Public Employees Retirement System grew its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 7.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 546,247 shares of the real estate investment trust’s stock after purchasing an additional 37,886 shares during the quarter. California Public Employees Retirement System owned about 0.16% of Digital Realty Trust worth $95,227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. South Plains Financial Inc. lifted its position in shares of Digital Realty Trust by 280.5% in the second quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 115 shares during the last quarter. Tobam bought a new position in shares of Digital Realty Trust in the 2nd quarter valued at approximately $28,000. WPG Advisers LLC acquired a new stake in Digital Realty Trust in the 1st quarter worth approximately $30,000. 1 North Wealth Services LLC bought a new stake in Digital Realty Trust during the first quarter worth approximately $31,000. Finally, AdvisorShares Investments LLC bought a new position in shares of Digital Realty Trust in the second quarter valued at approximately $32,000. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Down 0.6%

DLR stock opened at $163.79 on Tuesday. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $194.22. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.80. The company has a market cap of $56.26 billion, a PE ratio of 42.32, a price-to-earnings-growth ratio of 4.25 and a beta of 1.11. The business’s 50-day simple moving average is $167.50 and its 200 day simple moving average is $170.32.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.15 EPS for the quarter. The company had revenue of $1.58 billion during the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%. On average, research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Monday, December 15th will be paid a $1.22 dividend. The ex-dividend date is Monday, December 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.0%. Digital Realty Trust’s dividend payout ratio is currently 126.10%.

Analyst Ratings Changes

DLR has been the subject of several recent analyst reports. Truist Financial upped their price objective on shares of Digital Realty Trust from $199.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Stifel Nicolaus set a $210.00 price target on shares of Digital Realty Trust in a report on Friday, October 24th. Cowen reiterated a “hold” rating on shares of Digital Realty Trust in a research note on Friday, October 24th. Daiwa Capital Markets began coverage on Digital Realty Trust in a research report on Wednesday, October 22nd. They set a “buy” rating and a $210.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Digital Realty Trust in a report on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $198.76.

Insider Transactions at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mary Hogan Preusse sold 4,166 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $157.42, for a total transaction of $655,811.72. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 62,166 shares of company stock valued at $10,814,808 over the last ninety days. 0.17% of the stock is owned by insiders.

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.