California Public Employees Retirement System Sells 12,856 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

California Public Employees Retirement System lowered its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 518,946 shares of the real estate investment trust’s stock after selling 12,856 shares during the period. California Public Employees Retirement System owned about 0.16% of Digital Realty Trust worth $92,025,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Summit Securities Group LLC acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at about $337,000. Schroder Investment Management Group boosted its position in Digital Realty Trust by 16.6% during the fourth quarter. Schroder Investment Management Group now owns 1,221,433 shares of the real estate investment trust’s stock valued at $215,241,000 after purchasing an additional 173,519 shares during the last quarter. L & S Advisors Inc grew its stake in Digital Realty Trust by 1.3% in the fourth quarter. L & S Advisors Inc now owns 61,876 shares of the real estate investment trust’s stock valued at $10,972,000 after purchasing an additional 765 shares in the last quarter. Allstate Corp increased its position in shares of Digital Realty Trust by 38.8% during the 4th quarter. Allstate Corp now owns 21,567 shares of the real estate investment trust’s stock worth $3,824,000 after purchasing an additional 6,029 shares during the last quarter. Finally, DnB Asset Management AS raised its stake in shares of Digital Realty Trust by 32.7% during the 4th quarter. DnB Asset Management AS now owns 89,552 shares of the real estate investment trust’s stock worth $15,880,000 after purchasing an additional 22,069 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $143.34 on Tuesday. The firm has a market capitalization of $48.25 billion, a PE ratio of 88.48, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The firm has a fifty day simple moving average of $159.40 and a two-hundred day simple moving average of $169.80. Digital Realty Trust, Inc. has a 12 month low of $135.54 and a 12 month high of $198.00. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Friday, March 14th. Digital Realty Trust’s dividend payout ratio is 301.23%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Barclays lowered their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating on the stock in a report on Thursday, March 20th. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and upped their target price for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Wells Fargo & Company reduced their price target on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their price objective for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $180.32.

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.