Retirement Systems of Alabama Acquires 16,730 Shares of Digital Realty Trust, Inc. $DLR

Retirement Systems of Alabama raised its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 6.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 266,219 shares of the real estate investment trust’s stock after acquiring an additional 16,730 shares during the quarter. Retirement Systems of Alabama owned about 0.07% of Digital Realty Trust worth $46,729,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DLR. Syntax Research Inc. lifted its stake in Digital Realty Trust by 7.3% in the third quarter. Syntax Research Inc. now owns 3,666 shares of the real estate investment trust’s stock valued at $643,000 after buying an additional 250 shares during the period. Fulcrum Asset Management LLP grew its position in shares of Digital Realty Trust by 8,318.5% during the 3rd quarter. Fulcrum Asset Management LLP now owns 64,654 shares of the real estate investment trust’s stock worth $11,415,000 after buying an additional 63,886 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Digital Realty Trust by 8.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 16,707 shares of the real estate investment trust’s stock valued at $2,949,000 after acquiring an additional 1,259 shares during the last quarter. Ethic Inc. increased its stake in shares of Digital Realty Trust by 7.4% in the 3rd quarter. Ethic Inc. now owns 55,601 shares of the real estate investment trust’s stock valued at $9,760,000 after acquiring an additional 3,819 shares during the last quarter. Finally, American Institute for Advanced Investment Management LLP increased its stake in shares of Digital Realty Trust by 12.6% in the 3rd quarter. American Institute for Advanced Investment Management LLP now owns 1,565 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 175 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Buying and Selling

In related news, Director Mark Patterson sold 200 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total value of $38,792.00. Following the completion of the transaction, the director owned 6,322 shares of the company’s stock, valued at approximately $1,226,215.12. This trade represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.15% of the company’s stock.

Digital Realty Trust Trading Up 0.5%

NYSE DLR opened at $181.02 on Wednesday. The stock has a market capitalization of $68.48 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 3.53 and a beta of 0.97. The stock’s 50 day moving average price is $179.90 and its two-hundred day moving average price is $183.55. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 0.72. Digital Realty Trust, Inc. has a 52 week low of $146.23 and a 52 week high of $208.14.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.04). Digital Realty Trust had a return on equity of 3.68% and a net margin of 13.06%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the prior year, the business earned $1.89 earnings per share. Digital Realty Trust’s revenue was up 20.6% compared to the same quarter last year. As a group, analysts anticipate that Digital Realty Trust, Inc. will post 8.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on DLR. Mizuho set a $223.00 price objective on shares of Digital Realty Trust in a research note on Monday, August 10th. BTIG Research upped their target price on shares of Digital Realty Trust from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $229.00 target price on shares of Digital Realty Trust in a report on Monday, July 27th. Wells Fargo & Company increased their target price on shares of Digital Realty Trust from $220.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Finally, Truist Financial reduced their price target on shares of Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $221.53.

Digital Realty Trust Profile

Digital Realty Trust, Inc. is a real estate investment trust that owns, operates and develops data centers. Its facilities support customers’ IT infrastructure, including the equipment and systems used to store, process and exchange digital information. The company provides data center space and related services, including colocation, interconnection and access to cloud and network providers. Its PlatformDIGITAL offering connects businesses with customers, partners and service providers across its data center portfolio.