Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR – Free Report) by 23.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 231,677 shares of the real estate investment trust’s stock after purchasing an additional 44,039 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Digital Realty Trust were worth $41,751,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Cherry Creek Investment Advisors Inc. boosted its position in shares of Digital Realty Trust by 0.3% in the first quarter. Cherry Creek Investment Advisors Inc. now owns 18,745 shares of the real estate investment trust’s stock worth $3,378,000 after buying an additional 51 shares during the period. Columbia Bank raised its holdings in shares of Digital Realty Trust by 0.9% during the 1st quarter. Columbia Bank now owns 6,167 shares of the real estate investment trust’s stock valued at $1,111,000 after buying an additional 53 shares during the period. GHP Investment Advisors Inc. lifted its position in Digital Realty Trust by 9.1% during the 1st quarter. GHP Investment Advisors Inc. now owns 657 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 55 shares in the last quarter. South Plains Financial Inc. lifted its position in Digital Realty Trust by 25.7% during the 4th quarter. South Plains Financial Inc. now owns 274 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 56 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC grew its position in Digital Realty Trust by 2.6% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,404 shares of the real estate investment trust’s stock valued at $372,000 after acquiring an additional 61 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.
Digital Realty Trust Stock Up 0.6%
Digital Realty Trust stock traded up $1.06 during midday trading on Friday, hitting $180.39. The stock had a trading volume of 2,439,011 shares, compared to its average volume of 3,780,014. The business has a fifty day moving average price of $187.87 and a 200 day moving average price of $179.03. Digital Realty Trust, Inc. has a 12 month low of $146.23 and a 12 month high of $208.14. The stock has a market cap of $63.39 billion, a P/E ratio of 47.60, a P/E/G ratio of 4.90 and a beta of 1.03. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.78.
Digital Realty Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, June 15th. Digital Realty Trust’s dividend payout ratio is 128.76%.
Analysts Set New Price Targets
A number of research analysts have recently commented on the stock. Weiss Ratings cut shares of Digital Realty Trust from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. Scotiabank boosted their price objective on shares of Digital Realty Trust from $195.00 to $222.00 and gave the stock an “outperform” rating in a report on Monday, April 27th. Sanford C. Bernstein upped their price objective on shares of Digital Realty Trust from $218.00 to $232.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft raised their target price on Digital Realty Trust from $196.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Finally, Wells Fargo & Company boosted their price target on Digital Realty Trust from $195.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $216.75.
Read Our Latest Research Report on Digital Realty Trust
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.
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