New York State Common Retirement Fund Buys 8,621 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

New York State Common Retirement Fund grew its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,154 shares of the real estate investment trust’s stock after buying an additional 8,621 shares during the period. New York State Common Retirement Fund’s holdings in Digital Realty Trust were worth $32,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC bought a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $29,000. FNY Investment Advisers LLC purchased a new position in shares of Digital Realty Trust in the fourth quarter valued at $35,000. Versant Capital Management Inc grew its holdings in shares of 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 purchasing an additional 173 shares in the last quarter. First Financial Corp IN purchased a new position in shares of Digital Realty Trust in the fourth quarter valued at $42,000. Finally, Crews Bank & Trust purchased a new position in shares of Digital Realty Trust in the fourth quarter valued at $42,000. Institutional investors own 99.71% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their target price for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Wells Fargo & Company dropped their price objective on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Jefferies Financial Group lifted their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Barclays lifted their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research note on Monday, November 18th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $179.95.

Digital Realty Trust Stock Performance

DLR stock opened at $171.94 on Friday. The company has a market capitalization of $57.03 billion, a P/E ratio of 106.13, a PEG ratio of 4.23 and a beta of 0.63. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The business has a 50-day moving average price of $173.91 and a 200 day moving average price of $169.29. Digital Realty Trust, Inc. has a 1-year low of $131.42 and a 1-year high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. As a group, equities research analysts forecast that Digital Realty Trust, Inc. will post 7.06 EPS for the current fiscal year.

About Digital Realty Trust

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.