State of New Jersey Common Pension Fund D Grows Stake in Digital Realty Trust, Inc. (NYSE:DLR)

State of New Jersey Common Pension Fund D increased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 318,782 shares of the real estate investment trust’s stock after purchasing an additional 5,949 shares during the period. State of New Jersey Common Pension Fund D owned 0.11% of Digital Realty Trust worth $42,902,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Schechter Investment Advisors LLC grew its stake in Digital Realty Trust by 18.5% during the third quarter. Schechter Investment Advisors LLC now owns 3,269 shares of the real estate investment trust’s stock valued at $396,000 after acquiring an additional 511 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Digital Realty Trust by 2.8% in the 3rd quarter. American Century Companies Inc. now owns 720,618 shares of the real estate investment trust’s stock worth $87,209,000 after buying an additional 19,931 shares during the last quarter. Lyell Wealth Management LP raised its position in shares of Digital Realty Trust by 12.0% during the 4th quarter. Lyell Wealth Management LP now owns 48,347 shares of the real estate investment trust’s stock valued at $6,507,000 after buying an additional 5,197 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Digital Realty Trust by 5.7% in the 4th quarter. Raymond James & Associates now owns 299,551 shares of the real estate investment trust’s stock valued at $40,314,000 after acquiring an additional 16,101 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Digital Realty Trust by 2.1% during the third quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust’s stock worth $5,735,240,000 after acquiring an additional 971,032 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total value of $494,700.00. Following the completion of the sale, the director now directly owns 8,413 shares in the company, valued at $1,224,091.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

DLR has been the subject of a number of recent research reports. Evercore ISI reiterated an “outperform” rating and issued a $154.00 target price on shares of Digital Realty Trust in a report on Wednesday, March 27th. Scotiabank downgraded shares of Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 target price on the stock. in a research note on Friday, February 16th. JPMorgan Chase & Co. lifted their price target on shares of Digital Realty Trust from $125.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 20th. StockNews.com lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Finally, Raymond James increased their target price on Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 16th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $143.33.

Digital Realty Trust Stock Up 1.0 %

Digital Realty Trust stock traded up $1.36 during mid-day trading on Friday, reaching $142.85. 1,798,142 shares of the company were exchanged, compared to its average volume of 1,956,292. 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 firm has a market cap of $44.61 billion, a P/E ratio of 48.09, a PEG ratio of 3.20 and a beta of 0.54. Digital Realty Trust, Inc. has a 12-month low of $86.33 and a 12-month high of $154.18. The business has a fifty day moving average of $141.67 and a 200 day moving average of $136.51.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $1.22 dividend. The ex-dividend date was Thursday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.42%. Digital Realty Trust’s dividend payout ratio is presently 164.31%.

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.