Digital Realty Trust, Inc. $DLR Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund grew its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 7.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 233,569 shares of the real estate investment trust’s stock after purchasing an additional 15,569 shares during the quarter. New York State Common Retirement Fund’s holdings in Digital Realty Trust were worth $40,379,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Pinnacle Bancorp Inc. purchased a new stake in Digital Realty Trust during the 3rd quarter valued at about $25,000. South Plains Financial Inc. lifted its stake in Digital Realty Trust by 280.5% in the 2nd quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 115 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in shares of Digital Realty Trust during the 3rd quarter worth approximately $28,000. Tobam purchased a new stake in shares of Digital Realty Trust in the second quarter valued at approximately $28,000. Finally, First Horizon Corp acquired a new stake in shares of Digital Realty Trust in the third quarter valued at approximately $31,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DLR shares. Wall Street Zen cut Digital Realty Trust from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Daiwa Capital Markets initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, October 22nd. They set a “buy” rating and a $210.00 price target on the stock. Moffett Nathanson raised their price objective on shares of Digital Realty Trust from $166.00 to $172.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Hsbc Global Res upgraded shares of Digital Realty Trust from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 15th. Finally, Truist Financial raised their price target on shares of Digital Realty Trust from $199.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $193.22.

Insider Activity

In related news, Director Mary Hogan Preusse sold 4,166 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $157.42, for a total value of $655,811.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

Digital Realty Trust Price Performance

Shares of DLR opened at $165.92 on Friday. The firm has a 50-day simple moving average of $157.81 and a two-hundred day simple moving average of $166.02. The stock has a market cap of $56.99 billion, a PE ratio of 42.87, a P/E/G ratio of 3.91 and a beta of 1.11. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $182.48. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.02.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.15 EPS for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. The firm had revenue of $1.58 billion for the quarter. As a group, analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Monday, December 15th were paid a $1.22 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.9%. Digital Realty Trust’s payout ratio is presently 126.10%.

Digital Realty Trust Profile

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.