Maryland State Retirement & Pension System Reduces Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Maryland State Retirement & Pension System lowered its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,877 shares of the real estate investment trust’s stock after selling 551 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Digital Realty Trust were worth $3,170,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new position in Digital Realty Trust during the fourth quarter valued at approximately $29,000. FNY Investment Advisers LLC bought a new stake in Digital Realty Trust in the fourth quarter worth $35,000. Fairway Wealth LLC bought a new stake in Digital Realty Trust in the fourth quarter worth $35,000. Versant Capital Management Inc increased its position in Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 173 shares during the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in shares of Digital Realty Trust during the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Shares of DLR opened at $151.40 on Friday. Digital Realty Trust, Inc. has a 1-year low of $135.54 and a 1-year high of $198.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The firm has a market capitalization of $50.97 billion, a PE ratio of 93.46, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The company’s fifty day moving average price is $163.27 and its 200-day moving average price is $169.78.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid 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 is Friday, March 14th. Digital Realty Trust’s payout ratio is currently 301.23%.

Wall Street Analyst Weigh In

DLR has been the subject of several recent analyst reports. Stifel Nicolaus boosted their target price on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Scotiabank upgraded Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target for the company in a report on Tuesday, February 18th. Wells Fargo & Company reduced their price objective on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Finally, Truist Financial reduced their price objective on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $179.95.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.