New York State Teachers Retirement System Cuts Stock Holdings in Digital Realty Trust, Inc. $DLR

New York State Teachers Retirement System decreased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,384 shares of the real estate investment trust’s stock after selling 3,275 shares during the quarter. New York State Teachers Retirement System owned approximately 0.07% of Digital Realty Trust worth $40,175,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in DLR. Bison Wealth LLC increased its stake in Digital Realty Trust by 17.2% in the 4th quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock valued at $471,000 after buying an additional 390 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Digital Realty Trust by 9.4% in the first quarter. Empowered Funds LLC now owns 6,784 shares of the real estate investment trust’s stock valued at $972,000 after acquiring an additional 584 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Digital Realty Trust by 6.6% in the first quarter. Geneos Wealth Management Inc. now owns 1,056 shares of the real estate investment trust’s stock valued at $151,000 after acquiring an additional 65 shares in the last quarter. First Hawaiian Bank increased its position in shares of Digital Realty Trust by 128.6% during the first quarter. First Hawaiian Bank now owns 7,389 shares of the real estate investment trust’s stock valued at $1,059,000 after acquiring an additional 4,157 shares during the last quarter. Finally, Voya Investment Management LLC lifted its holdings in Digital Realty Trust by 27.4% during the first quarter. Voya Investment Management LLC now owns 143,345 shares of the real estate investment trust’s stock worth $20,540,000 after acquiring an additional 30,842 shares during the period. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Price Performance

DLR opened at $158.50 on Monday. The firm has a 50-day moving average price of $158.43 and a 200-day moving average price of $166.98. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $187.74. 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 capitalization of $54.44 billion, a price-to-earnings ratio of 40.96, a PEG ratio of 3.71 and a beta of 1.11.

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

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Monday, December 15th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, December 15th. Digital Realty Trust’s payout ratio is presently 126.10%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Barclays upped their price objective on Digital Realty Trust from $141.00 to $161.00 and gave the company an “underweight” rating in a research note on Monday, October 27th. JPMorgan Chase & Co. raised their price objective on shares of Digital Realty Trust from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Citigroup boosted their target price on shares of Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Moffett Nathanson increased their target price on shares of Digital Realty Trust from $166.00 to $172.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Finally, Weiss Ratings raised shares of Digital Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $194.62.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Mary Hogan Preusse sold 4,166 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $157.42, for a total value of $655,811.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.17% of the company’s stock.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.