36,981 Digital Realty Trust, Inc. $DLR Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 17.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 243,799 shares of the real estate investment trust’s stock after purchasing an additional 36,981 shares during the period. State of Alaska Department of Revenue’s holdings in Digital Realty Trust were worth $42,794,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DLR. Gables Capital Management Inc. bought a new position in Digital Realty Trust during the second quarter valued at $29,000. Bell Investment Advisors Inc increased its position in Digital Realty Trust by 56.9% in the first quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 62 shares during the last quarter. Ashurst Perkins Coie Trust Co bought a new stake in shares of Digital Realty Trust in the third quarter valued at $31,000. First Community Trust NA bought a new stake in shares of Digital Realty Trust in the third quarter valued at $31,000. Finally, Solstein Capital LLC purchased a new position in shares of Digital Realty Trust during the 2nd quarter valued at $32,000. Institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

DLR has been the subject of several research reports. Wells Fargo & Company upgraded Digital Realty Trust from an “overweight” rating to a “buy” rating in a research note on Wednesday, August 5th. Guggenheim raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a report on Wednesday, July 15th. Mizuho set a $223.00 target price on shares of Digital Realty Trust in a research report on Monday, August 10th. TD Cowen upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $192.00 to $222.00 in a research report on Friday, July 24th. Finally, Barclays lifted their target price on shares of Digital Realty Trust from $189.00 to $197.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $219.69.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of the stock in a transaction that occurred 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 sale, the director directly owned 6,322 shares in the company, valued at $1,226,215.12. This represents a 3.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.15% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of NYSE:DLR traded down $0.24 during midday trading on Thursday, reaching $171.85. 1,018,907 shares of the company traded hands, compared to its average volume of 2,310,305. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. Digital Realty Trust, Inc. has a 12 month low of $146.23 and a 12 month high of $208.14. The firm has a market capitalization of $63.76 billion, a price-to-earnings ratio of 83.39, a price-to-earnings-growth ratio of 3.41 and a beta of 0.99. The firm’s fifty day moving average price is $185.78 and its two-hundred day moving average price is $187.24.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.77). The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.66 billion. Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%. The firm’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.87 EPS. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. On average, equities analysts expect that Digital Realty Trust, Inc. will post 8.40 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio is 236.89%.

Digital Realty Trust Profile

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers and related digital infrastructure. The company provides facilities and technology environments that support the computing, storage, networking and connectivity needs of enterprises, cloud service providers, telecommunications companies and other organizations.

Through its PlatformDIGITAL platform, Digital Realty offers data center colocation, interconnection and hyperscale data center solutions.