New York State Common Retirement Fund Has $27.58 Million Stock Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

New York State Common Retirement Fund trimmed its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 12.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,938 shares of the real estate investment trust’s stock after selling 27,959 shares during the quarter. New York State Common Retirement Fund owned about 0.07% of Digital Realty Trust worth $27,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Schechter Investment Advisors LLC lifted its stake in shares of Digital Realty Trust by 18.5% in the 3rd quarter. Schechter Investment Advisors LLC now owns 3,269 shares of the real estate investment trust’s stock valued at $396,000 after purchasing an additional 511 shares during the period. American Century Companies Inc. lifted its stake in shares of Digital Realty Trust by 2.8% in the 3rd quarter. American Century Companies Inc. now owns 720,618 shares of the real estate investment trust’s stock valued at $87,209,000 after purchasing an additional 19,931 shares during the period. Raymond James & Associates lifted its stake in shares of Digital Realty Trust by 5.7% in the 4th quarter. Raymond James & Associates now owns 299,551 shares of the real estate investment trust’s stock valued at $40,314,000 after purchasing an additional 16,101 shares during the period. Vanguard Group Inc. raised its stake in Digital Realty Trust by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust’s stock worth $5,735,240,000 after buying an additional 971,032 shares during the period. Finally, Allworth Financial LP raised its stake in Digital Realty Trust by 6,208.6% during the 4th quarter. Allworth Financial LP now owns 43,403 shares of the real estate investment trust’s stock worth $5,841,000 after buying an additional 42,715 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the stock in a transaction on 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 of the company’s stock, valued at $1,224,091.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.39% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on DLR. StockNews.com downgraded Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Truist Financial upped their price target on Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $144.00 price target on shares of Digital Realty Trust in a research note on Friday, February 16th. Citigroup upped their price target on Digital Realty Trust from $154.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Finally, Raymond James upped their price target on Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $143.33.

Digital Realty Trust Stock Performance

DLR stock opened at $142.85 on Friday. The firm has a market cap of $44.61 billion, a PE ratio of 48.10, a P/E/G ratio of 3.20 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. The business has a 50 day moving average of $141.81 and a 200-day moving average of $136.68. Digital Realty Trust, Inc. has a 12-month low of $86.33 and a 12-month high of $154.18.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.42%. The ex-dividend date was Thursday, March 14th. Digital Realty Trust’s dividend payout ratio is presently 164.31%.

Digital Realty Trust Profile

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.