State of Tennessee Treasury Department increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,700 shares of the real estate investment trust’s stock after purchasing an additional 199 shares during the quarter. State of Tennessee Treasury Department’s holdings in Digital Realty Trust were worth $4,936,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC lifted its stake in shares of Digital Realty Trust by 45.6% during the 1st quarter. Renaissance Technologies LLC now owns 397,100 shares of the real estate investment trust’s stock worth $42,247,000 after purchasing an additional 124,300 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Digital Realty Trust during the 1st quarter worth $1,610,000. Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Digital Realty Trust by 76.4% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 32,195 shares of the real estate investment trust’s stock worth $3,425,000 after purchasing an additional 13,944 shares during the last quarter. Dean Investment Associates LLC lifted its stake in shares of Digital Realty Trust by 6.4% during the 1st quarter. Dean Investment Associates LLC now owns 10,620 shares of the real estate investment trust’s stock worth $1,130,000 after purchasing an additional 642 shares during the last quarter. Finally, Azimuth Capital Management LLC lifted its stake in shares of Digital Realty Trust by 0.6% during the 1st quarter. Azimuth Capital Management LLC now owns 29,475 shares of the real estate investment trust’s stock worth $3,136,000 after purchasing an additional 170 shares during the last quarter.

DLR has been the subject of a number of analyst reports. Wells Fargo & Company cut Digital Realty Trust from an “outperform” rating to a “market perform” rating and set a $118.00 price objective for the company. in a research note on Wednesday, May 17th. Royal Bank Of Canada reiterated a “buy” rating and issued a $127.00 price target on shares of Digital Realty Trust in a research note on Thursday, June 8th. BidaskClub cut Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Cowen and Company upgraded Digital Realty Trust from a “market perform” rating to an “outperform” rating and increased their price target for the company from $106.00 to $126.00 in a research note 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 research note on Tuesday, July 4th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $120.08.

In other news, insider Christopher Sharp sold 25,733 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $116.44, for a total value of $2,996,350.52. Following the completion of the sale, the insider now directly owns 25,733 shares of the company’s stock, valued at approximately $2,996,350.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William G. Laperch bought 1,200 shares of Digital Realty Trust stock in a transaction dated Monday, August 7th. The stock was purchased at an average cost of $25.00 per share, with a total value of $30,000.00. Following the completion of the acquisition, the director now directly owns 1,200 shares in the company, valued at approximately $30,000. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by insiders.

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Digital Realty Trust, Inc. (NYSE:DLR) opened at 126.04 on Tuesday. Digital Realty Trust, Inc. has a 52 week low of $85.63 and a 52 week high of $127.23. The stock has a 50 day moving average price of $116.17 and a 200 day moving average price of $112.83. The stock has a market capitalization of $20.44 billion, a PE ratio of 51.19 and a beta of -0.01.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.05. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. The business had revenue of $565.99 million during the quarter, compared to the consensus estimate of $559.93 million. During the same period in the previous year, the business earned $1.42 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. Equities analysts forecast that Digital Realty Trust, Inc. will post $1.57 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Thursday, September 14th. Digital Realty Trust’s payout ratio is currently 148.21%.

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

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