State of New Jersey Common Pension Fund D Buys 4,704 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

State of New Jersey Common Pension Fund D lifted its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 238,817 shares of the real estate investment trust's stock after purchasing an additional 4,704 shares during the period. State of New Jersey Common Pension Fund D owned 0.07% of Digital Realty Trust worth $42,349,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DLR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Digital Realty Trust by 501.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust's stock worth $700,224,000 after buying an additional 3,607,802 shares in the last quarter. Pathway Financial Advisers LLC raised its stake in Digital Realty Trust by 15,301.1% in the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust's stock worth $299,433,000 after buying an additional 1,838,278 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Digital Realty Trust in the third quarter worth about $132,980,000. Sycomore Asset Management bought a new position in Digital Realty Trust in the third quarter worth about $80,915,000. Finally, abrdn plc raised its stake in Digital Realty Trust by 17.3% in the third quarter. abrdn plc now owns 1,955,741 shares of the real estate investment trust's stock worth $315,999,000 after buying an additional 288,772 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Raymond James raised their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a "strong-buy" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. raised their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Stifel Nicolaus raised their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. JMP Securities reaffirmed a "market outperform" rating and set a $220.00 target price on shares of Digital Realty Trust in a research note on Tuesday. Finally, Scotiabank raised shares of Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 target price for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $179.95.

Insider Transactions at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the firm's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.17% of the company's stock.

Digital Realty Trust Stock Performance

DLR stock traded up $2.33 on Thursday, hitting $171.94. The company had a trading volume of 2,131,823 shares, compared to its average volume of 2,340,513. Digital Realty Trust, Inc. has a 12-month low of $131.42 and a 12-month high of $198.00. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The stock's 50-day simple moving average is $174.21 and its 200 day simple moving average is $169.27. The stock has a market cap of $57.03 billion, a price-to-earnings ratio of 106.13, a P/E/G ratio of 4.23 and a beta of 0.63.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. As a group, equities research analysts expect that Digital Realty Trust, Inc. will post 7.06 earnings per share for the current fiscal year.

Digital Realty Trust Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.