Digital Realty Trust, Inc. (NYSE:DLR) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.9% in the fourth quarter, HoldingsChannel reports. The fund owned 318,782 shares of the real estate investment trust’s stock after buying an additional 5,949 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Digital Realty Trust were worth $42,902,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Operose Advisors LLC purchased a new position in shares of Digital Realty Trust in the third quarter worth approximately $27,000. Baldwin Brothers LLC MA raised its stake in shares of Digital Realty Trust by 528.6% in the fourth quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 185 shares in the last quarter. Bfsg LLC acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth approximately $31,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $32,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in Digital Realty Trust during the 4th quarter valued at $32,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Trading Up 1.0 %

NYSE:DLR traded up $1.36 during trading hours on Friday, hitting $142.85. The stock had a trading volume of 1,798,142 shares, compared to its average volume of 1,956,292. The business’s 50 day moving average is $141.67 and its 200-day moving average is $136.51. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $44.61 billion, a price-to-earnings ratio of 48.09, a P/E/G ratio of 3.20 and a beta of 0.54. Digital Realty Trust, Inc. has a one year low of $86.33 and a one year high of $154.18.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend was Thursday, March 14th. Digital Realty Trust’s payout ratio is presently 164.31%.

Analyst Ratings Changes

Several analysts have recently commented on DLR shares. Royal Bank of Canada restated an “outperform” rating and set a $144.00 target price on shares of Digital Realty Trust in a report on Friday, February 16th. Scotiabank downgraded shares of Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 target price for the company. in a research note on Friday, February 16th. Evercore ISI reissued an “outperform” rating and set a $154.00 price target on shares of Digital Realty Trust in a research note on Wednesday, March 27th. Raymond James boosted their price objective on shares of Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 16th. Finally, Citigroup lifted their target price on Digital Realty Trust from $154.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $143.33.

Insiders Place Their Bets

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total transaction of $494,700.00. Following the completion of the sale, the director now directly owns 8,413 shares of the company’s stock, valued at approximately $1,224,091.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.39% of the company’s stock.

About Digital Realty Trust

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.