California Public Employees Retirement System Buys 1,175 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

California Public Employees Retirement System lifted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 551,342 shares of the real estate investment trust’s stock after acquiring an additional 1,175 shares during the quarter. California Public Employees Retirement System owned approximately 0.18% of Digital Realty Trust worth $74,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Schechter Investment Advisors LLC raised its position in shares of Digital Realty Trust by 2.4% during the fourth quarter. Schechter Investment Advisors LLC now owns 3,347 shares of the real estate investment trust’s stock worth $450,000 after acquiring an additional 78 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in Digital Realty Trust by 1.1% in the third quarter. Panagora Asset Management Inc. now owns 9,175 shares of the real estate investment trust’s stock worth $1,110,000 after purchasing an additional 97 shares in the last quarter. Blair William & Co. IL increased its holdings in Digital Realty Trust by 0.6% in the third quarter. Blair William & Co. IL now owns 17,883 shares of the real estate investment trust’s stock worth $2,164,000 after purchasing an additional 99 shares in the last quarter. Lmcg Investments LLC increased its holdings in Digital Realty Trust by 2.2% in the third quarter. Lmcg Investments LLC now owns 4,620 shares of the real estate investment trust’s stock worth $559,000 after purchasing an additional 100 shares in the last quarter. Finally, First Financial Corp IN increased its holdings in Digital Realty Trust by 46.6% in the fourth quarter. First Financial Corp IN now owns 324 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 103 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Up 1.5 %

Shares of NYSE:DLR opened at $140.61 on Thursday. The stock has a market cap of $43.91 billion, a price-to-earnings ratio of 47.34, a PEG ratio of 3.15 and a beta of 0.54. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. Digital Realty Trust, Inc. has a 12-month low of $86.33 and a 12-month high of $154.18. The business’s 50 day moving average is $141.82 and its 200 day moving average is $136.48.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.47%. Digital Realty Trust’s payout ratio is 164.31%.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total value of $494,700.00. Following the transaction, the director now owns 8,413 shares of the company’s stock, valued at $1,224,091.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.39% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on DLR. Morgan Stanley lifted their target price on Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Wells Fargo & Company upgraded Digital Realty Trust from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $135.00 to $155.00 in a report on Tuesday, April 9th. Barclays boosted 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. Citigroup boosted their price objective on Digital Realty Trust from $154.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $144.00 price objective on shares of Digital Realty Trust in a report on Friday, February 16th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $143.33.

About Digital Realty Trust

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.