Virginia Retirement Systems ET AL Increases Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Virginia Retirement Systems ET AL boosted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 3.4% in the second quarter, HoldingsChannel.com reports. The fund owned 213,817 shares of the real estate investment trust’s stock after purchasing an additional 7,000 shares during the period. Virginia Retirement Systems ET AL’s holdings in Digital Realty Trust were worth $32,171,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sentry Investment Management LLC boosted its stake in shares of Digital Realty Trust by 2.2% in the 2nd quarter. Sentry Investment Management LLC now owns 3,005 shares of the real estate investment trust’s stock valued at $452,000 after buying an additional 65 shares during the period. Fiera Capital Corp boosted its stake in shares of Digital Realty Trust by 1.5% in the 2nd quarter. Fiera Capital Corp now owns 4,330 shares of the real estate investment trust’s stock valued at $615,000 after buying an additional 65 shares during the period. Mid Atlantic Financial Management Inc. ADV boosted its stake in shares of Digital Realty Trust by 2.5% in the 2nd quarter. Mid Atlantic Financial Management Inc. ADV now owns 2,863 shares of the real estate investment trust’s stock valued at $431,000 after buying an additional 69 shares during the period. Veritable L.P. boosted its stake in shares of Digital Realty Trust by 0.9% in the 1st quarter. Veritable L.P. now owns 8,545 shares of the real estate investment trust’s stock valued at $1,203,000 after buying an additional 74 shares during the period. Finally, SeaBridge Investment Advisors LLC boosted its stake in shares of Digital Realty Trust by 1.8% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 4,237 shares of the real estate investment trust’s stock valued at $637,000 after buying an additional 76 shares during the period. Institutional investors own 96.04% of the company’s stock.

Several brokerages have recently issued reports on DLR. Citigroup lifted their price objective on Digital Realty Trust from $160.00 to $179.00 and gave the company a “buy” rating in a research note on Thursday, August 19th. Credit Suisse Group lowered Digital Realty Trust from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $171.00 to $150.00 in a research report on Tuesday, October 5th. Deutsche Bank Aktiengesellschaft raised their target price on Digital Realty Trust from $167.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, August 3rd. TD Securities reissued a “buy” rating and set a $180.00 target price on shares of Digital Realty Trust in a research report on Friday, September 17th. Finally, Zacks Investment Research lowered Digital Realty Trust from a “buy” rating to a “hold” rating and set a $167.00 target price on the stock. in a research report on Thursday, July 15th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust currently has an average rating of “Buy” and an average target price of $165.91.

Shares of NYSE:DLR traded up $2.86 during trading on Thursday, reaching $147.19. The company had a trading volume of 6,389 shares, compared to its average volume of 1,441,489. The firm has a market capitalization of $41.59 billion, a price-to-earnings ratio of 80.63, a price-to-earnings-growth ratio of 3.52 and a beta of 0.12. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.55 and a quick ratio of 0.55. The stock’s fifty day moving average price is $155.66 and its 200 day moving average price is $153.06. Digital Realty Trust, Inc. has a fifty-two week low of $124.65 and a fifty-two week high of $168.30.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, July 29th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.58 by ($1.13). Digital Realty Trust had a net margin of 13.22% and a return on equity of 3.52%. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 6.5 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 30th. Stockholders of record on Wednesday, September 15th were given a $1.16 dividend. The ex-dividend date of this dividend was Tuesday, September 14th. This represents a $4.64 annualized dividend and a dividend yield of 3.15%. Digital Realty Trust’s dividend payout ratio is currently 74.60%.

In related news, CEO A William Stein sold 59,735 shares of the company’s stock in a transaction on Friday, August 20th. The stock was sold at an average price of $164.03, for a total value of $9,798,332.05. Following the completion of the transaction, the chief executive officer now directly owns 59,735 shares in the company, valued at $9,798,332.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin Kennedy sold 350 shares of the company’s stock in a transaction on Wednesday, September 15th. The shares were sold at an average price of $154.15, for a total value of $53,952.50. Following the completion of the transaction, the director now owns 350 shares of the company’s stock, valued at $53,952.50. The disclosure for this sale can be found here. Insiders sold 204,884 shares of company stock worth $33,906,264 over the last 90 days. Company insiders own 0.52% of the company’s stock.

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.

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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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