New York State Common Retirement Fund grew its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 184,154 shares of the real estate investment trust's stock after purchasing an additional 8,621 shares during the period. New York State Common Retirement Fund owned approximately 0.06% of Digital Realty Trust worth $32,656,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of DLR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Digital Realty Trust by 501.7% during 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 acquiring an additional 3,607,802 shares during the period. Pathway Financial Advisers LLC boosted its position in Digital Realty Trust by 15,301.1% during 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 purchasing an additional 1,838,278 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Digital Realty Trust during the third quarter worth approximately $132,980,000. Sycomore Asset Management purchased a new position in Digital Realty Trust during the third quarter worth approximately $80,915,000. Finally, abrdn plc boosted its position in Digital Realty Trust by 17.3% during the third quarter. abrdn plc now owns 1,955,741 shares of the real estate investment trust's stock worth $315,999,000 after purchasing an additional 288,772 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
DLR has been the topic of several research reports. Truist Financial raised their target price on Digital Realty Trust from $168.00 to $202.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. Stifel Nicolaus lifted their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Citizens Jmp upgraded Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. Finally, Scotiabank raised 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 equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $179.95.
Check Out Our Latest Research Report on DLR
Digital Realty Trust Stock Performance
Shares of NYSE DLR traded down $6.74 during midday trading on Friday, hitting $165.26. 2,498,440 shares of the company's stock were exchanged, compared to its average volume of 2,345,157. Digital Realty Trust, Inc. has a twelve month low of $135.54 and a twelve month high of $198.00. The firm has a market cap of $54.82 billion, a P/E ratio of 102.01, a PEG ratio of 4.33 and a beta of 0.63. The stock's 50 day moving average price is $173.91 and its 200-day moving average price is $169.29. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61.
Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, beating 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%. Equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.05 EPS for the current year.
Insider Activity
In related news, CFO Matt Mercier sold 2,518 shares of the company's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is currently owned by corporate insiders.
Digital Realty Trust Company Profile
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Free Report)
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.
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