Digital Realty Trust, Inc. $DLR Shares Acquired by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 6.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,222 shares of the real estate investment trust’s stock after purchasing an additional 3,004 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Digital Realty Trust were worth $8,930,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board lifted its position in shares of Digital Realty Trust by 63.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust’s stock worth $1,023,769,000 after buying an additional 2,760,286 shares during the last quarter. Nuveen LLC purchased a new position in shares of Digital Realty Trust in the 1st quarter valued at $342,389,000. Vanguard Group Inc. raised its stake in Digital Realty Trust by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust’s stock worth $7,505,367,000 after acquiring an additional 925,674 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in Digital Realty Trust by 41.5% in the first quarter. Pictet Asset Management Holding SA now owns 3,129,819 shares of the real estate investment trust’s stock valued at $448,422,000 after acquiring an additional 918,549 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Digital Realty Trust by 37.2% in the first quarter. Goldman Sachs Group Inc. now owns 3,009,673 shares of the real estate investment trust’s stock valued at $431,256,000 after acquiring an additional 816,334 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Trading Down 3.5%

NYSE:DLR opened at $158.10 on Friday. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The company has a current ratio of 2.02, a quick ratio of 2.22 and a debt-to-equity ratio of 0.80. The stock’s 50 day simple moving average is $171.54 and its 200-day simple moving average is $171.06. The firm has a market cap of $54.31 billion, a P/E ratio of 40.85, a PEG ratio of 4.13 and a beta of 0.96.

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

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Monday, December 15th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.88 annualized dividend and a dividend yield of 3.1%. Digital Realty Trust’s payout ratio is presently 126.10%.

Insider Activity

In related news, CEO Andrew Power sold 53,269 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on DLR shares. Stifel Nicolaus set a $210.00 target price on Digital Realty Trust in a research report on Friday, October 24th. JPMorgan Chase & Co. raised their price target on Digital Realty Trust from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Citigroup boosted their price objective on Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Raymond James Financial increased their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the company a “strong-buy” rating in a report on Friday, July 25th. Finally, Daiwa Capital Markets began coverage on shares of Digital Realty Trust in a research report on Wednesday, October 22nd. They issued a “buy” rating and a $210.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $198.14.

Digital Realty Trust Company 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.