Teacher Retirement System of Texas Decreases Stake in Digital Realty Trust, Inc. $DLR

Teacher Retirement System of Texas cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 7.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,010 shares of the real estate investment trust’s stock after selling 4,853 shares during the quarter. Teacher Retirement System of Texas’ holdings in Digital Realty Trust were worth $10,287,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Summit Place Financial Advisors LLC boosted its stake in shares of Digital Realty Trust by 2.0% in the second quarter. Summit Place Financial Advisors LLC now owns 2,857 shares of the real estate investment trust’s stock valued at $498,000 after buying an additional 57 shares in the last quarter. Nvwm LLC boosted its position in Digital Realty Trust by 1.9% during the first quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust’s stock worth $471,000 after purchasing an additional 60 shares in the last quarter. Riverbend Wealth Management LLC boosted its position in Digital Realty Trust by 3.0% during the second quarter. Riverbend Wealth Management LLC now owns 2,043 shares of the real estate investment trust’s stock worth $356,000 after purchasing an additional 60 shares in the last quarter. Decatur Capital Management Inc. boosted its position in Digital Realty Trust by 0.4% during the first quarter. Decatur Capital Management Inc. now owns 16,312 shares of the real estate investment trust’s stock worth $2,337,000 after purchasing an additional 61 shares in the last quarter. Finally, EP Wealth Advisors LLC boosted its position in Digital Realty Trust by 1.3% during the first quarter. EP Wealth Advisors LLC now owns 4,766 shares of the real estate investment trust’s stock worth $683,000 after purchasing an additional 63 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Andrew Power sold 53,269 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE DLR opened at $167.16 on Thursday. The stock has a market cap of $57.01 billion, a price-to-earnings ratio of 43.19, a price-to-earnings-growth ratio of 4.30 and a beta of 0.96. The business has a fifty day moving average of $171.13 and a 200-day moving average of $169.86. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The company has a quick ratio of 2.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 EPS for the quarter, beating the consensus estimate of $1.78 by $0.11. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.53 billion. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.67 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. As a group, analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, September 15th. Digital Realty Trust’s dividend payout ratio is presently 126.10%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Barclays boosted their target price on Digital Realty Trust from $141.00 to $161.00 and gave the stock an “underweight” rating in a research report on Monday. Raymond James Financial boosted their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a research report on Friday, July 25th. Stifel Nicolaus set a $210.00 target price on Digital Realty Trust in a research report on Friday, October 24th. Moffett Nathanson boosted their target price on Digital Realty Trust from $163.00 to $166.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Finally, Truist Financial set a $199.00 price target on Digital Realty Trust and gave the stock a “buy” rating in a report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $198.10.

About Digital Realty Trust

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.