Digital Realty Trust, Inc. (NYSE:DLR) Position Reduced by State of Michigan Retirement System

State of Michigan Retirement System cut its position in shares of Digital Realty Trust, Inc. (NYSE:DLRFree Report) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,881 shares of the real estate investment trust’s stock after selling 100 shares during the quarter. State of Michigan Retirement System’s holdings in Digital Realty Trust were worth $11,154,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DLR. RB Capital Management LLC lifted its position in shares of Digital Realty Trust by 6.8% in the first quarter. RB Capital Management LLC now owns 3,003 shares of the real estate investment trust’s stock worth $426,000 after purchasing an additional 192 shares in the last quarter. Prudential PLC purchased a new stake in shares of Digital Realty Trust in the first quarter worth approximately $688,000. Cetera Investment Advisers lifted its position in shares of Digital Realty Trust by 31.2% in the first quarter. Cetera Investment Advisers now owns 20,511 shares of the real estate investment trust’s stock worth $2,909,000 after purchasing an additional 4,879 shares in the last quarter. Moors & Cabot Inc. purchased a new stake in shares of Digital Realty Trust in the first quarter worth approximately $424,000. Finally, Candriam Luxembourg S.C.A. lifted its position in shares of Digital Realty Trust by 2.7% in the first quarter. Candriam Luxembourg S.C.A. now owns 15,001 shares of the real estate investment trust’s stock worth $2,127,000 after purchasing an additional 390 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total transaction of $494,700.00. Following the completion of the transaction, the director now directly owns 8,413 shares in the company, valued at approximately $1,224,091.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.39% of the company’s stock.

Digital Realty Trust Price Performance

Shares of DLR stock opened at $139.75 on Wednesday. The stock has a 50-day moving average price of $143.00 and a 200 day moving average price of $134.39. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. The firm has a market cap of $43.64 billion, a price-to-earnings ratio of 47.05, a PEG ratio of 3.22 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.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $1.22 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.49%. Digital Realty Trust’s payout ratio is 164.31%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Truist Financial increased their price target on shares of Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. JPMorgan Chase & Co. raised their target price on Digital Realty Trust from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. Raymond James raised their target price on Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 16th. Citigroup raised their target price on Digital Realty Trust from $154.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Finally, Barclays lifted their price objective on Digital Realty Trust from $110.00 to $119.00 and gave the company an “underweight” rating in a report on Tuesday, March 5th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $142.00.

Read Our Latest Research Report on Digital Realty Trust

About Digital Realty Trust

(Free Report)

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.

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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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