California Public Employees Retirement System Grows Position in Digital Realty Trust, Inc. (NYSE:DLR)

California Public Employees Retirement System increased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 0.2% in the fourth quarter, HoldingsChannel reports. The firm owned 551,342 shares of the real estate investment trust’s stock after purchasing an additional 1,175 shares during the quarter. California Public Employees Retirement System’s holdings in Digital Realty Trust were worth $74,200,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Baldwin Brothers LLC MA lifted its stake in shares of Digital Realty Trust by 528.6% in the 4th quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 185 shares during the period. Operose Advisors LLC purchased a new position in Digital Realty Trust during the third quarter valued at $27,000. Turtle Creek Wealth Advisors LLC purchased a new position in Digital Realty Trust during the fourth quarter valued at $32,000. Tennessee Valley Asset Management Partners purchased a new position in Digital Realty Trust during the fourth quarter valued at $32,000. Finally, ZRC Wealth Management LLC purchased a new position in Digital Realty Trust during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of Digital Realty Trust 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 completion of the sale, the director now owns 8,413 shares of the company’s stock, valued at $1,224,091.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.39% of the stock is currently owned by corporate insiders.

Digital Realty Trust Stock Performance

Shares of DLR opened at $140.61 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 1.14. Digital Realty Trust, Inc. has a one year low of $86.33 and a one year high of $154.18. The firm has a market capitalization of $43.91 billion, a P/E ratio of 47.34, a PEG ratio of 3.15 and a beta of 0.54. The business has a fifty day moving average of $141.82 and a 200 day moving average of $136.48.

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 issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Thursday, March 14th. Digital Realty Trust’s payout ratio is currently 164.31%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Digital Realty Trust from $125.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Raymond James lifted their price objective on Digital Realty Trust from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research note on Friday, February 16th. Citigroup lifted their price objective on Digital Realty Trust from $154.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Wells Fargo & Company upgraded Digital Realty Trust from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $135.00 to $155.00 in a research note on Tuesday, April 9th. Finally, StockNews.com cut Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $143.33.

Digital Realty Trust Company 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.