New York State Common Retirement Fund Raises Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

New York State Common Retirement Fund increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 33.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 245,098 shares of the real estate investment trust's stock after acquiring an additional 60,944 shares during the quarter. New York State Common Retirement Fund owned about 0.07% of Digital Realty Trust worth $35,120,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Digital Realty Trust by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust's stock valued at $9,124,193,000 after purchasing an additional 469,823 shares in the last quarter. Norges Bank bought a new stake in Digital Realty Trust in the 4th quarter worth approximately $3,858,428,000. Geode Capital Management LLC raised its holdings in shares of Digital Realty Trust by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 8,527,649 shares of the real estate investment trust's stock worth $1,508,612,000 after acquiring an additional 281,704 shares in the last quarter. Northern Trust Corp boosted its position in shares of Digital Realty Trust by 57.5% during the 4th quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock valued at $900,934,000 after acquiring an additional 1,854,748 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Digital Realty Trust by 11.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,819,606 shares of the real estate investment trust's stock valued at $854,661,000 after purchasing an additional 492,692 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the transaction, the director directly owned 6,522 shares in the company, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.17% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on DLR shares. Guggenheim initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, July 9th. They set a "neutral" rating for the company. Oppenheimer started coverage on shares of Digital Realty Trust in a report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price target for the company. Truist Financial dropped their price target on Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Finally, Citigroup dropped their target price on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $187.16.

Digital Realty Trust Trading Up 0.0%

Shares of Digital Realty Trust stock traded up $0.02 on Tuesday, hitting $170.95. 1,424,238 shares of the company traded hands, compared to its average volume of 2,014,461. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $198.00. The company has a market cap of $57.57 billion, a PE ratio of 159.77, a PEG ratio of 2.56 and a beta of 0.95. The stock's 50 day moving average price is $171.81 and its 200-day moving average price is $163.91. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.04. The business had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.67 EPS. Equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.85%. Digital Realty Trust's dividend payout ratio is currently 456.07%.

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.