Treasurer of the State of North Carolina Purchases 4,410 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Treasurer of the State of North Carolina boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 149,654 shares of the real estate investment trust’s stock after acquiring an additional 4,410 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Digital Realty Trust were worth $26,538,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DLR. Sierra Ocean LLC bought a new position in shares of Digital Realty Trust in the 4th quarter worth $29,000. FNY Investment Advisers LLC bought a new stake in shares of Digital Realty Trust during the 4th quarter worth $35,000. Fairway Wealth LLC purchased a new position in Digital Realty Trust in the fourth quarter worth $35,000. Versant Capital Management Inc increased its stake in Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 173 shares during the last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in Digital Realty Trust during the fourth quarter valued at about $37,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Mizuho cut their price objective on shares of Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating for the company in a research note on Friday, March 28th. Wells Fargo & Company decreased their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. Finally, Barclays decreased their price objective on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating on the stock in a report on Thursday, March 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $184.33.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $142.35 on Friday. The company has a market capitalization of $47.92 billion, a P/E ratio of 87.87, a P/E/G ratio of 4.38 and a beta of 0.92. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The firm’s 50 day simple moving average is $153.53 and its two-hundred day simple moving average is $168.40. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.43%. The ex-dividend date was Friday, March 14th. Digital Realty Trust’s payout ratio is currently 301.23%.

Digital Realty Trust Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.