Texas Permanent School Fund Corp Has $4.16 Million Position in Digital Realty Trust, Inc. $DLR

Texas Permanent School Fund Corp cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 30.9% during the second quarter, Holdings Channel.com reports. The fund owned 23,845 shares of the real estate investment trust’s stock after selling 10,642 shares during the period. Texas Permanent School Fund Corp’s holdings in Digital Realty Trust were worth $4,157,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bison Wealth LLC grew its stake in shares of Digital Realty Trust by 17.2% during the fourth quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock worth $471,000 after purchasing an additional 390 shares during the period. Legacy Financial Advisors Inc. boosted its holdings in Digital Realty Trust by 16.1% during the first quarter. Legacy Financial Advisors Inc. now owns 1,669 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 232 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Digital Realty Trust by 20.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 34,003 shares of the real estate investment trust’s stock worth $4,872,000 after buying an additional 5,804 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in shares of Digital Realty Trust by 2.8% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 12,816 shares of the real estate investment trust’s stock valued at $1,833,000 after acquiring an additional 346 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its position in shares of Digital Realty Trust by 33.2% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 5,350 shares of the real estate investment trust’s stock valued at $767,000 after acquiring an additional 1,332 shares during the period. Institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling

In related news, Director Mary Hogan Preusse sold 4,166 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $157.42, for a total value of $655,811.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

Digital Realty Trust Stock Performance

DLR opened at $147.91 on Friday. The company has a market capitalization of $50.81 billion, a price-to-earnings ratio of 38.22, a P/E/G ratio of 3.83 and a beta of 1.11. The business’s 50-day moving average price is $164.27 and its two-hundred day moving average price is $169.44. Digital Realty Trust, Inc. has a 1 year low of $129.95 and a 1 year high of $187.74. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.02.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter. The business had revenue of $1.58 billion during the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%. Equities analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Monday, December 15th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, December 15th. Digital Realty Trust’s payout ratio is currently 126.10%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Truist Financial boosted their price objective on shares of Digital Realty Trust from $199.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Barclays boosted their price target on shares of Digital Realty Trust from $141.00 to $161.00 and gave the company an “underweight” rating in a report on Monday, October 27th. JPMorgan Chase & Co. lifted their target price on Digital Realty Trust from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Wall Street Zen cut Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Finally, Stifel Nicolaus set a $210.00 price target on Digital Realty Trust in a research report on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.55.

Digital Realty Trust Profile

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.