New York State Common Retirement Fund Grows Stock Position in Digital Realty Trust, Inc. $DLR

New York State Common Retirement Fund lifted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 7.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 233,569 shares of the real estate investment trust’s stock after acquiring an additional 15,569 shares during the period. New York State Common Retirement Fund owned approximately 0.07% of Digital Realty Trust worth $40,379,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bison Wealth LLC increased its position in shares of Digital Realty Trust by 17.2% in the 4th quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock valued at $471,000 after acquiring an additional 390 shares during the period. Empowered Funds LLC increased its holdings in shares of Digital Realty Trust by 9.4% in the first quarter. Empowered Funds LLC now owns 6,784 shares of the real estate investment trust’s stock valued at $972,000 after purchasing an additional 584 shares during the period. HB Wealth Management LLC raised its stake in shares of Digital Realty Trust by 8.2% in the second quarter. HB Wealth Management LLC now owns 10,602 shares of the real estate investment trust’s stock worth $1,848,000 after purchasing an additional 804 shares during the last quarter. Greenleaf Trust lifted its holdings in shares of Digital Realty Trust by 6.5% during the second quarter. Greenleaf Trust now owns 4,930 shares of the real estate investment trust’s stock worth $859,000 after purchasing an additional 300 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Digital Realty Trust by 1.3% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 100,321 shares of the real estate investment trust’s stock valued at $17,489,000 after buying an additional 1,293 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Down 0.9%

Digital Realty Trust stock opened at $165.92 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.02. The stock has a market capitalization of $56.99 billion, a PE ratio of 42.87, a price-to-earnings-growth ratio of 3.91 and a beta of 1.11. The business has a 50 day simple moving average of $157.81 and a 200-day simple moving average of $166.02. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $182.48.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter. The firm had revenue of $1.58 billion for the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%. On average, analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors 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 yield of 2.9%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 126.10%.

Insider Transactions at Digital Realty Trust

In related news, Director Mary Hogan Preusse sold 4,166 shares of Digital Realty Trust stock in a transaction dated 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 legal filing with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

DLR has been the subject of several research reports. Bank of America restated a “neutral” rating and set a $170.00 price objective (down from $210.00) on shares of Digital Realty Trust in a research note on Thursday, January 8th. The Goldman Sachs Group began coverage on shares of Digital Realty Trust in a research report on Thursday, December 18th. They set a “buy” rating and a $188.00 target price for the company. UBS Group set a $189.00 price target on Digital Realty Trust in a research report on Wednesday, January 14th. Mizuho reduced their price objective on Digital Realty Trust from $191.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, January 12th. Finally, Hsbc Global Res upgraded Digital Realty Trust from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 15th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $193.22.

Digital Realty Trust Company 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.