Digital Realty Trust, Inc. $DLR Stock Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama raised its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 6.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 266,219 shares of the real estate investment trust’s stock after purchasing an additional 16,730 shares during the quarter. Retirement Systems of Alabama’s holdings in Digital Realty Trust were worth $46,729,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Provenance Wealth Advisors LLC raised its stake in shares of Digital Realty Trust by 3,600.0% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 148 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 144 shares in the last quarter. Gables Capital Management Inc. acquired a new position in Digital Realty Trust during the second quarter worth $29,000. Bell Investment Advisors Inc acquired a new position in Digital Realty Trust during the second quarter worth $31,000. First Community Trust NA bought a new stake in Digital Realty Trust during the third quarter worth $31,000. Finally, Ashurst Perkins Coie Trust Co bought a new stake in Digital Realty Trust during the third quarter worth $31,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Trading Up 0.5%

Shares of DLR stock opened at $181.02 on Wednesday. The firm has a 50 day moving average price of $179.90 and a two-hundred day moving average price of $183.55. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $68.48 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 3.53 and a beta of 0.97. Digital Realty Trust, Inc. has a 12-month low of $146.23 and a 12-month high of $208.14.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the firm earned $1.89 EPS. The company’s revenue was up 20.6% on a year-over-year basis. As a group, analysts predict that Digital Realty Trust, Inc. will post 8.41 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $237.00 price target on shares of Digital Realty Trust in a research note on Friday, October 30th. Sanford C. Bernstein restated an “outperform” rating and set a $229.00 price objective on shares of Digital Realty Trust in a research note on Friday, October 30th. Evercore restated an “outperform” rating and set a $240.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $229.00 target price on shares of Digital Realty Trust in a report on Monday, July 27th. Finally, Weiss Ratings downgraded shares of Digital Realty Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, November 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $221.53.

Insiders Place Their Bets

In related news, Director Mark Patterson sold 200 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $193.96, for a total value of $38,792.00. Following the completion of the sale, the director directly owned 6,322 shares in the company, valued at $1,226,215.12. The trade was a 3.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.15% of the company’s stock.

About Digital Realty Trust

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.