Digital Realty Trust, Inc. (NYSE:DLR) Stock Holdings Boosted by State of Michigan Retirement System

State of Michigan Retirement System lifted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 0.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 82,981 shares of the real estate investment trust’s stock after buying an additional 100 shares during the period. State of Michigan Retirement System’s holdings in Digital Realty Trust were worth $11,953,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DLR. Bank of Nova Scotia grew its position in Digital Realty Trust by 3.4% in the third quarter. Bank of Nova Scotia now owns 24,377 shares of the real estate investment trust’s stock worth $2,950,000 after buying an additional 804 shares during the last quarter. Gotham Asset Management LLC grew its holdings in shares of Digital Realty Trust by 7.4% in the 3rd quarter. Gotham Asset Management LLC now owns 28,159 shares of the real estate investment trust’s stock worth $3,408,000 after acquiring an additional 1,946 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Digital Realty Trust by 11.2% during the third quarter. AQR Capital Management LLC now owns 63,609 shares of the real estate investment trust’s stock worth $7,698,000 after purchasing an additional 6,417 shares during the period. Glenmede Trust Co. NA lifted its holdings in shares of Digital Realty Trust by 7.2% during the third quarter. Glenmede Trust Co. NA now owns 10,439 shares of the real estate investment trust’s stock valued at $1,263,000 after purchasing an additional 697 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Digital Realty Trust by 27.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 22,125 shares of the real estate investment trust’s stock valued at $2,678,000 after purchasing an additional 4,712 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on DLR shares. HSBC upped their price objective on shares of Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. upgraded shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and upped their price target for the company from $150.00 to $175.00 in a research report on Friday. TD Cowen lifted their price objective on shares of Digital Realty Trust from $116.00 to $122.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Royal Bank of Canada increased their target price on Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. Finally, The Goldman Sachs Group began coverage on Digital Realty Trust in a report on Monday. They set a “buy” rating and a $175.00 price target on the stock. Three analysts have rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Digital Realty Trust presently has an average rating of “Hold” and an average price target of $149.42.

Digital Realty Trust Stock Up 0.5 %

NYSE:DLR traded up $0.80 during trading hours on Tuesday, reaching $152.93. The company’s stock had a trading volume of 1,162,741 shares, compared to its average volume of 1,973,078. Digital Realty Trust, Inc. has a one year low of $112.38 and a one year high of $154.18. The business’s 50-day moving average is $144.99 and its 200-day moving average is $141.85. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $47.78 billion, a price-to-earnings ratio of 42.46, a price-to-earnings-growth ratio of 19.91 and a beta of 0.59.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend was Friday, June 14th. Digital Realty Trust’s dividend payout ratio is 135.56%.

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.