New York State Teachers Retirement System Sells 14,309 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

New York State Teachers Retirement System lowered its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 5.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 245,637 shares of the real estate investment trust's stock after selling 14,309 shares during the period. New York State Teachers Retirement System owned about 0.07% of Digital Realty Trust worth $43,559,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. FNY Investment Advisers LLC acquired a new stake in Digital Realty Trust during the fourth quarter valued at $35,000. Versant Capital Management Inc increased its holdings in Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 173 shares during the period. First Financial Corp IN bought a new stake in shares of Digital Realty Trust in the 4th quarter valued at approximately $42,000. Crews Bank & Trust bought a new stake in shares of Digital Realty Trust in the 4th quarter worth about $42,000. Finally, Dunhill Financial LLC grew its holdings in shares of Digital Realty Trust by 84.4% during the third quarter. Dunhill Financial LLC now owns 271 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 124 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

Shares of NYSE DLR traded up $4.00 during midday trading on Wednesday, hitting $169.65. The company's stock had a trading volume of 2,119,173 shares, compared to its average volume of 2,347,033. The stock has a fifty day moving average price of $174.56 and a 200 day moving average price of $169.26. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. Digital Realty Trust, Inc. has a one year low of $131.42 and a one year high of $198.00. The firm has a market capitalization of $56.28 billion, a price-to-earnings ratio of 104.72, a P/E/G ratio of 4.19 and a beta of 0.63.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DLR. Jefferies Financial Group raised their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research note on Friday, October 25th. TD Cowen upped their target price on Digital Realty Trust from $120.00 to $128.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Barclays upped their price objective on Digital Realty Trust from $135.00 to $142.00 and gave the company an "underweight" rating in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a "hold" rating to a "buy" rating and raised their price target for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. Finally, Citizens Jmp raised shares of Digital Realty Trust to a "strong-buy" rating in a report on Monday, January 27th. 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 data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and an average price target of $179.95.

Insider Activity

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

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.