Teachers Advisors LLC lifted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 18.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 621,150 shares of the real estate investment trust’s stock after acquiring an additional 96,784 shares during the period. Teachers Advisors LLC owned 0.30% of Digital Realty Trust worth $70,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Digital Realty Trust by 1.2% in the fourth quarter. BlackRock Inc. now owns 20,182,465 shares of the real estate investment trust’s stock worth $2,298,785,000 after acquiring an additional 238,690 shares during the last quarter. Cohen & Steers Inc. boosted its stake in shares of Digital Realty Trust by 100.4% in the third quarter. Cohen & Steers Inc. now owns 13,229,368 shares of the real estate investment trust’s stock worth $1,565,431,000 after acquiring an additional 6,626,871 shares during the last quarter. PGGM Investments boosted its stake in shares of Digital Realty Trust by 1.1% in the fourth quarter. PGGM Investments now owns 2,957,000 shares of the real estate investment trust’s stock worth $336,802,000 after acquiring an additional 33,169 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Digital Realty Trust by 29.9% during the third quarter. Dimensional Fund Advisors LP now owns 2,888,529 shares of the real estate investment trust’s stock worth $341,788,000 after buying an additional 664,982 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Digital Realty Trust by 4.7% during the fourth quarter. Geode Capital Management LLC now owns 2,490,521 shares of the real estate investment trust’s stock worth $283,148,000 after buying an additional 110,752 shares during the last quarter. 99.95% of the stock is currently owned by hedge funds and other institutional investors.
DLR stock opened at $102.30 on Friday. Digital Realty Trust, Inc. has a 12 month low of $96.56 and a 12 month high of $127.23. The company has a market capitalization of $21,144.95, a price-to-earnings ratio of 101.29, a PEG ratio of 2.31 and a beta of 0.01. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.88.
Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.52 by ($1.18). Digital Realty Trust had a net margin of 10.10% and a return on equity of 4.03%. The business had revenue of $731.45 million during the quarter, compared to analyst estimates of $729.30 million. sell-side analysts expect that Digital Realty Trust, Inc. will post 6.54 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Wednesday, March 14th. This is an increase from Digital Realty Trust’s previous quarterly dividend of $0.93. Digital Realty Trust’s payout ratio is currently 400.00%.
A number of equities analysts have weighed in on DLR shares. Credit Suisse Group set a $95.00 price objective on Digital Realty Trust and gave the stock a “hold” rating in a research note on Saturday, February 17th. Robert W. Baird raised Digital Realty Trust from a “neutral” rating to an “outperform” rating and set a $124.00 price objective on the stock in a research note on Tuesday, January 16th. Zacks Investment Research lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, January 15th. Wells Fargo raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $109.31 to $120.00 in a research note on Friday, December 22nd. Finally, Deutsche Bank lowered their price objective on Digital Realty Trust from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Digital Realty Trust presently has a consensus rating of “Buy” and an average target price of $122.25.
In related news, SVP Christopher Kenney sold 10,000 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $103.47, for a total value of $1,034,700.00. Following the sale, the senior vice president now owns 10,000 shares in the company, valued at approximately $1,034,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by insiders.
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Digital Realty Trust Profile
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
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