Teachers Retirement System of The State of Kentucky Has $8.64 Million Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Teachers Retirement System of The State of Kentucky cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 8.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,985 shares of the real estate investment trust’s stock after selling 5,429 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Digital Realty Trust were worth $8,640,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DLR. Vanguard Group Inc. lifted its holdings in shares of Digital Realty Trust by 2.0% during the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock worth $6,986,458,000 after buying an additional 951,567 shares in the last quarter. Norges Bank acquired a new position in Digital Realty Trust during the fourth quarter worth about $2,141,890,000. Principal Financial Group Inc. raised its holdings in Digital Realty Trust by 1.7% in the 4th quarter. Principal Financial Group Inc. now owns 5,829,206 shares of the real estate investment trust’s stock valued at $784,495,000 after buying an additional 97,509 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in Digital Realty Trust by 4.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,680,249 shares of the real estate investment trust’s stock valued at $674,143,000 after buying an additional 182,100 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Digital Realty Trust by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,236,434 shares of the real estate investment trust’s stock valued at $435,559,000 after buying an additional 85,262 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Stock Down 1.0 %

Shares of NYSE:DLR traded down $1.45 on Friday, reaching $150.84. The company had a trading volume of 1,642,273 shares, compared to its average volume of 1,653,884. Digital Realty Trust, Inc. has a 52-week low of $113.94 and a 52-week high of $162.58. The firm’s 50 day simple moving average is $150.15 and its 200-day simple moving average is $144.91. The firm has a market capitalization of $47.13 billion, a PE ratio of 41.90, a PEG ratio of 10.97 and a beta of 0.59. The company has a current ratio of 1.78, a quick ratio of 1.29 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($1.43). The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.68 earnings per share. As a group, analysts expect that Digital Realty Trust, Inc. will post 6.67 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.24%. Digital Realty Trust’s payout ratio is 135.56%.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the sale, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DLR has been the subject of a number of recent analyst reports. Mizuho began coverage on shares of Digital Realty Trust in a research report on Thursday, July 11th. They set an “outperform” rating and a $170.00 target price for the company. Barclays increased their target price on Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a report on Wednesday, July 24th. Argus cut Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday. TD Cowen dropped their price objective on Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, July 26th. Finally, BMO Capital Markets upgraded Digital Realty Trust from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $144.00 to $170.00 in a research note on Wednesday, June 26th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust currently has an average rating of “Hold” and a consensus target price of $153.44.

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.