Employees Retirement System of Texas Buys 9,084 Shares of Digital Realty Trust, Inc. (DLR)
Employees Retirement System of Texas boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 7.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 132,264 shares of the real estate investment trust’s stock after buying an additional 9,084 shares during the quarter. Employees Retirement System of Texas owned approximately 0.08% of Digital Realty Trust worth $14,939,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Digital Realty Trust by 7.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,569,263 shares of the real estate investment trust’s stock valued at $403,148,000 after buying an additional 243,995 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Digital Realty Trust by 45.6% in the 1st quarter. Renaissance Technologies LLC now owns 397,100 shares of the real estate investment trust’s stock valued at $42,247,000 after acquiring an additional 124,300 shares during the last quarter. Uniplan Investment Counsel Inc. acquired a new position in Digital Realty Trust in the 2nd quarter valued at $32,118,000. Tudor Investment Corp ET AL acquired a new position in Digital Realty Trust in the 1st quarter valued at $1,610,000. Finally, Cim Investment Mangement Inc. acquired a new position in Digital Realty Trust in the 2nd quarter valued at $653,000.
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DLR has been the subject of several analyst reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $127.00 price target on shares of Digital Realty Trust in a report on Thursday, June 8th. BidaskClub downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Cowen and Company upgraded Digital Realty Trust from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $106.00 to $126.00 in a report on Monday, June 12th. Wells Fargo & Company reiterated a “market perform” rating on shares of Digital Realty Trust in a report on Monday, June 12th. Finally, Macquarie reiterated a “neutral” rating and issued a $105.00 price target on shares of Digital Realty Trust in a report on Tuesday, July 4th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $120.54.
In other news, Director William G. Laperch bought 1,200 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $30,000.00. Following the acquisition, the director now directly owns 1,200 shares of the company’s stock, valued at approximately $30,000. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Christopher Sharp sold 25,733 shares of Digital Realty Trust stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the completion of the transaction, the insider now owns 25,733 shares in the company, valued at approximately $2,996,350.52. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.
Digital Realty Trust, Inc. (NYSE DLR) traded up 1.87% during trading on Friday, reaching $118.33. 2,152,910 shares of the company’s stock were exchanged. The company’s 50-day moving average is $117.53 and its 200-day moving average is $113.45. Digital Realty Trust, Inc. has a 1-year low of $85.63 and a 1-year high of $127.23. The company has a market capitalization of $19.19 billion, a PE ratio of 48.06 and a beta of -0.01.
Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 EPS for the quarter, topping the consensus estimate of $1.49 by $0.05. The firm had revenue of $565.99 million for the quarter, compared to the consensus estimate of $559.93 million. Digital Realty Trust had a net margin of 21.27% and a return on equity of 12.39%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.42 EPS. Equities research analysts expect that Digital Realty Trust, Inc. will post $1.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.93 dividend. The ex-dividend date was Thursday, September 14th. This represents a $3.72 annualized dividend and a yield of 3.14%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 148.21%.
Digital Realty Trust Company Profile
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
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