California State Teachers Retirement System Cuts Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

California State Teachers Retirement System lessened its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR – Get Rating) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 477,797 shares of the real estate investment trust’s stock after selling 5,065 shares during the quarter. California State Teachers Retirement System owned about 0.17% of Digital Realty Trust worth $47,388,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Industrial Alliance Investment Management Inc. raised its stake in shares of Digital Realty Trust by 4.5% during the third quarter. Industrial Alliance Investment Management Inc. now owns 40,550 shares of the real estate investment trust’s stock worth $4,022,000 after purchasing an additional 1,760 shares during the last quarter. National Pension Service raised its stake in shares of Digital Realty Trust by 3.6% during the third quarter. National Pension Service now owns 464,435 shares of the real estate investment trust’s stock worth $45,008,000 after purchasing an additional 16,208 shares during the last quarter. CENTRAL TRUST Co grew its holdings in Digital Realty Trust by 30.8% during the third quarter. CENTRAL TRUST Co now owns 1,677 shares of the real estate investment trust’s stock worth $166,000 after acquiring an additional 395 shares during the period. Sentinus LLC acquired a new position in Digital Realty Trust during the third quarter worth $463,000. Finally, Glenmede Trust Co. NA grew its holdings in Digital Realty Trust by 3.7% during the third quarter. Glenmede Trust Co. NA now owns 8,553 shares of the real estate investment trust’s stock worth $847,000 after acquiring an additional 306 shares during the period. Hedge funds and other institutional investors own 95.00% of the company’s stock.

Insider Transactions at Digital Realty Trust

In related news, EVP Jeannie Lee sold 1,000 shares of the stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $115.00, for a total transaction of $115,000.00. Following the completion of the sale, the executive vice president now owns 10,975 shares in the company, valued at approximately $1,262,125. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Jeannie Lee sold 1,000 shares of the stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $115.00, for a total value of $115,000.00. Following the completion of the transaction, the executive vice president now directly owns 10,975 shares of the company’s stock, valued at approximately $1,262,125. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dyer Corey sold 4,401 shares of the firm’s stock in a transaction on Friday, March 10th. The shares were sold at an average price of $104.19, for a total value of $458,540.19. Following the sale, the executive vice president now directly owns 30,026 shares of the company’s stock, valued at $3,128,408.94. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.

Digital Realty Trust Trading Down 2.3 %

Shares of NYSE DLR opened at $100.70 on Friday. The company has a market cap of $29.32 billion, a price-to-earnings ratio of 88.33, a price-to-earnings-growth ratio of 2.52 and a beta of 0.52. Digital Realty Trust, Inc. has a 12-month low of $85.76 and a 12-month high of $153.50. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.96. The stock’s 50 day simple moving average is $107.95 and its 200 day simple moving average is $105.99.

Digital Realty Trust (NYSE:DLR – Get Rating) last posted its quarterly earnings data on Thursday, February 16th. The real estate investment trust reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($1.70). The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. Digital Realty Trust had a return on equity of 2.46% and a net margin of 8.05%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 EPS. Equities research analysts expect that Digital Realty Trust, Inc. will post 6.66 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be paid a dividend of $1.22 per share. The ex-dividend date is Tuesday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 4.85%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 428.07%.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of recent analyst reports. Citigroup upped their price objective on Digital Realty Trust from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, March 6th. Deutsche Bank Aktiengesellschaft raised their price objective on Digital Realty Trust from $110.00 to $115.00 in a report on Friday, December 16th. BNP Paribas began coverage on Digital Realty Trust in a report on Wednesday, December 14th. They issued a “neutral” rating and a $128.00 price objective on the stock. Credit Suisse Group cut their price objective on Digital Realty Trust from $81.00 to $80.00 and set an “underperform” rating on the stock in a report on Friday, February 17th. Finally, Barclays dropped their target price on Digital Realty Trust from $88.00 to $81.00 and set an “underweight” rating on the stock in a report on Monday, December 19th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $123.54.

About Digital Realty Trust

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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.