California Public Employees Retirement System raised its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 333,900 shares of the real estate investment trust’s stock after acquiring an additional 4,500 shares during the quarter. California Public Employees Retirement System owned approximately 0.21% of Digital Realty Trust worth $37,714,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DLR. Coldstream Capital Management Inc. raised its holdings in shares of Digital Realty Trust by 2.0% in the first quarter. Coldstream Capital Management Inc. now owns 29,140 shares of the real estate investment trust’s stock worth $3,100,000 after acquiring an additional 562 shares during the last quarter. Dean Investment Associates LLC raised its holdings in shares of Digital Realty Trust by 6.4% in the first quarter. Dean Investment Associates LLC now owns 10,620 shares of the real estate investment trust’s stock worth $1,130,000 after acquiring an additional 642 shares during the last quarter. Independent Advisor Alliance raised its holdings in shares of Digital Realty Trust by 13.0% in the first quarter. Independent Advisor Alliance now owns 5,405 shares of the real estate investment trust’s stock worth $578,000 after acquiring an additional 623 shares during the last quarter. Mason Street Advisors LLC raised its holdings in shares of Digital Realty Trust by 1.2% in the first quarter. Mason Street Advisors LLC now owns 22,009 shares of the real estate investment trust’s stock worth $2,342,000 after acquiring an additional 267 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Digital Realty Trust by 3.2% in the first quarter. Pacer Advisors Inc. now owns 3,600 shares of the real estate investment trust’s stock worth $383,000 after acquiring an additional 110 shares during the last quarter.

In other news, Director William G. Laperch acquired 1,200 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was acquired at an average cost of $25.00 per share, for a total transaction of $30,000.00. Following the completion of the acquisition, the director now owns 1,200 shares in the company, valued at $30,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher Sharp sold 25,733 shares of the stock in a transaction on 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 sale, the insider now owns 25,733 shares of the company’s stock, valued at $2,996,350.52. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

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DLR has been the subject of a number of analyst reports. BidaskClub raised Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Royal Bank Of Canada reissued a “buy” rating and issued a $127.00 price target on shares of Digital Realty Trust in a report on Thursday, June 8th. Canaccord Genuity reiterated a “buy” rating and issued a $127.00 target price on shares of Digital Realty Trust in a research note on Friday, August 18th. Zacks Investment Research upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research note on Monday, July 17th. Finally, KeyCorp reiterated a “buy” rating and issued a $130.00 target price on shares of Digital Realty Trust in a research note on Friday, August 25th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $120.00.

Shares of Digital Realty Trust, Inc. (NYSE:DLR) opened at 114.51 on Monday. The firm’s 50-day moving average price is $117.53 and its 200-day moving average price is $113.45. Digital Realty Trust, Inc. has a 52-week low of $85.63 and a 52-week high of $127.23. The stock has a market cap of $18.57 billion, a P/E ratio of 46.51 and a beta of -0.01.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $559.93 million. During the same period last year, the company earned $1.42 earnings per share. Digital Realty Trust’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts forecast that Digital Realty Trust, Inc. will post $1.55 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.93 per share. The ex-dividend date is Thursday, September 14th. This represents a $3.72 annualized dividend and a dividend yield of 3.25%. Digital Realty Trust’s dividend payout ratio is 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.

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

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