Public Employees Retirement System of Ohio Has $98.29 Million Stake in Digital Realty Trust, Inc. $DLR

Public Employees Retirement System of Ohio reduced its stake in Digital Realty Trust, Inc. (NYSE:DLRFree Report) by 8.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 545,414 shares of the real estate investment trust’s stock after selling 47,318 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Digital Realty Trust were worth $98,289,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DLR. Vanguard Group Inc. increased its position in shares of Digital Realty Trust by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 54,260,359 shares of the real estate investment trust’s stock worth $8,394,620,000 after purchasing an additional 854,828 shares during the period. Cohen & Steers Inc. lifted its position in Digital Realty Trust by 18.0% during the fourth quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock worth $4,332,366,000 after purchasing an additional 4,276,073 shares during the period. Norges Bank bought a new stake in Digital Realty Trust during the fourth quarter worth about $3,402,995,000. State Street Corp grew its stake in Digital Realty Trust by 1.1% during the fourth quarter. State Street Corp now owns 20,649,053 shares of the real estate investment trust’s stock worth $3,219,256,000 after buying an additional 231,933 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Digital Realty Trust by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 9,234,073 shares of the real estate investment trust’s stock worth $1,423,373,000 after buying an additional 197,180 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust News Summary

Here are the key news stories impacting Digital Realty Trust this week:

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DLR shares. Evercore boosted their target price on shares of Digital Realty Trust from $200.00 to $230.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Digital Realty Trust from $196.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Citizens Jmp lifted their price objective on shares of Digital Realty Trust from $220.00 to $250.00 and gave the company a “market outperform” rating in a research note on Monday, April 27th. The Goldman Sachs Group restated a “buy” rating and set a $215.00 price objective on shares of Digital Realty Trust in a research report on Friday, April 24th. Finally, Guggenheim upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.17.

Get Our Latest Stock Report on Digital Realty Trust

Digital Realty Trust Stock Up 0.7%

Shares of NYSE DLR opened at $179.71 on Friday. The company has a market cap of $63.15 billion, a price-to-earnings ratio of 47.42, a PEG ratio of 4.86 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, Inc. has a 12 month low of $146.23 and a 12 month high of $208.14. The stock has a 50-day moving average price of $184.35 and a two-hundred day moving average price of $180.59.

Digital Realty Trust (NYSE:DLRGet Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. Digital Realty Trust had a net margin of 21.73% and a return on equity of 6.05%. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period last year, the company posted $1.77 EPS. As a group, analysts forecast that Digital Realty Trust, Inc. will post 8.04 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $1.22 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.88 annualized dividend and a yield of 2.7%. Digital Realty Trust’s dividend payout ratio is presently 128.76%.

Digital Realty Trust Profile

(Free Report)

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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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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