State of Alaska Department of Revenue Has $30.76 Million Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

State of Alaska Department of Revenue decreased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 190,061 shares of the real estate investment trust’s stock after selling 1,410 shares during the period. State of Alaska Department of Revenue’s holdings in Digital Realty Trust were worth $30,756,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DLR. Bessemer Group Inc. grew its stake in shares of Digital Realty Trust by 102.1% during the first quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock valued at $2,813,000 after purchasing an additional 9,865 shares during the last quarter. Cetera Investment Advisers boosted its position in Digital Realty Trust by 295.5% in the 1st quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock valued at $4,561,000 after buying an additional 23,659 shares during the last quarter. QRG Capital Management Inc. increased its stake in shares of Digital Realty Trust by 652.4% in the 2nd quarter. QRG Capital Management Inc. now owns 29,292 shares of the real estate investment trust’s stock valued at $4,454,000 after buying an additional 25,399 shares during the period. Choreo LLC raised its position in shares of Digital Realty Trust by 86.8% during the second quarter. Choreo LLC now owns 8,782 shares of the real estate investment trust’s stock worth $1,336,000 after acquiring an additional 4,081 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Digital Realty Trust by 11.2% during the second quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust’s stock valued at $222,886,000 after acquiring an additional 147,689 shares during the period. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of DLR opened at $181.01 on Friday. The firm has a market cap of $56.55 billion, a P/E ratio of 50.28, a PEG ratio of 5.08 and a beta of 0.60. Digital Realty Trust, Inc. has a twelve month low of $116.73 and a twelve month high of $193.88. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78. The firm’s 50 day moving average price is $157.70 and its two-hundred day moving average price is $150.67.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $1.63 by ($1.43). The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The company’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.68 earnings per share. On average, analysts forecast that Digital Realty Trust, Inc. will post 6.65 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.70%. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Insider Buying and Selling

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the sale, the director now owns 9,055 shares in the company, valued at approximately $1,360,604.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DLR has been the subject of a number of research reports. Jefferies Financial Group lifted their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. boosted their price target on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday. Wells Fargo & Company increased their price objective on shares of Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and lifted their target price for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $195.00 price target (up previously from $185.00) on shares of Digital Realty Trust in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $165.21.

Digital Realty Trust Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.