State of Alaska Department of Revenue Increases Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

State of Alaska Department of Revenue raised its position in Digital Realty Trust, Inc. (NYSE:DLR) by 0.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 177,675 shares of the real estate investment trust’s stock after purchasing an additional 1,162 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Digital Realty Trust worth $25,591,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of DLR. O Shaughnessy Asset Management LLC raised its holdings in Digital Realty Trust by 145.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 11,753 shares of the real estate investment trust’s stock valued at $1,422,000 after acquiring an additional 6,959 shares during the last quarter. Bank of Nova Scotia lifted its position in Digital Realty Trust by 3.4% during the third quarter. Bank of Nova Scotia now owns 24,377 shares of the real estate investment trust’s stock worth $2,950,000 after buying an additional 804 shares during the period. Fred Alger Management LLC acquired a new stake in Digital Realty Trust in the 3rd quarter worth about $154,000. Gotham Asset Management LLC grew its holdings in Digital Realty Trust by 7.4% in the 3rd quarter. Gotham Asset Management LLC now owns 28,159 shares of the real estate investment trust’s stock valued at $3,408,000 after buying an additional 1,946 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Digital Realty Trust by 11.2% during the 3rd quarter. AQR Capital Management LLC now owns 63,609 shares of the real estate investment trust’s stock valued at $7,698,000 after acquiring an additional 6,417 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

DLR has been the subject of a number of recent analyst reports. Wells Fargo & Company upgraded shares of Digital Realty Trust from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $135.00 to $155.00 in a report on Tuesday, April 9th. HSBC upped their price objective on Digital Realty Trust from $115.00 to $118.00 and gave the stock a “reduce” rating in a report on Friday, May 3rd. Evercore ISI restated an “outperform” rating and set a $154.00 price target on shares of Digital Realty Trust in a research note on Wednesday, March 27th. The Goldman Sachs Group started coverage on Digital Realty Trust in a research note on Monday. They issued a “buy” rating and a $175.00 price objective on the stock. Finally, TD Cowen lifted their price target on shares of Digital Realty Trust from $116.00 to $122.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $149.42.

Digital Realty Trust Price Performance

Shares of DLR traded down $1.15 during midday trading on Wednesday, reaching $151.76. The stock had a trading volume of 879,721 shares, compared to its average volume of 1,964,469. Digital Realty Trust, Inc. has a 52 week low of $112.38 and a 52 week high of $154.18. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $47.41 billion, a P/E ratio of 42.56, a P/E/G ratio of 19.91 and a beta of 0.59. The firm’s 50 day moving average price is $145.28 and its 200-day moving average price is $142.00.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Friday, June 14th. Digital Realty Trust’s dividend payout ratio is 135.56%.

Digital Realty Trust Company Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.