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

State of New Jersey Common Pension Fund D trimmed its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 31.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 224,837 shares of the real estate investment trust's stock after selling 103,945 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.07% of Digital Realty Trust worth $34,186,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in DLR. American Capital Advisory LLC purchased a new position in Digital Realty Trust during the second quarter worth approximately $27,000. Private Ocean LLC purchased a new position in shares of Digital Realty Trust in the 2nd quarter worth $27,000. Gradient Investments LLC boosted its holdings in Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 76 shares during the last quarter. Rise Advisors LLC grew its position in Digital Realty Trust by 1,125.0% during the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 180 shares during the period. Finally, GoalVest Advisory LLC acquired a new stake in Digital Realty Trust during the first quarter worth about $29,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the company's stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the transaction, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DLR has been the subject of a number of research reports. JPMorgan Chase & Co. upgraded Digital Realty Trust from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $150.00 to $175.00 in a report on Friday, June 28th. Argus downgraded shares of Digital Realty Trust from a "buy" rating to a "hold" rating in a research note on Thursday, August 1st. Stifel Nicolaus upped their price target on shares of Digital Realty Trust from $165.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, July 12th. TD Cowen cut their price objective on Digital Realty Trust from $122.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday, July 26th. Finally, Royal Bank of Canada upped their target price on Digital Realty Trust from $144.00 to $160.00 and gave the stock an "outperform" rating in a research report on Monday, June 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of "Hold" and a consensus target price of $154.00.

Digital Realty Trust Stock Down 1.0 %

Shares of Digital Realty Trust stock traded down $1.56 during trading on Friday, reaching $158.93. The company had a trading volume of 1,466,976 shares, compared to its average volume of 1,837,558. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78. Digital Realty Trust, Inc. has a fifty-two week low of $113.94 and a fifty-two week high of $162.58. The firm's fifty day moving average is $151.69 and its 200-day moving average is $146.76. The company has a market cap of $52.04 billion, a price-to-earnings ratio of 44.58, a price-to-earnings-growth ratio of 5.06 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $1.63 by ($1.43). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the business earned $1.68 EPS. The company's quarterly revenue was down .7% on a year-over-year basis. On average, analysts anticipate that Digital Realty Trust, Inc. will post 6.65 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Friday, September 13th. Digital Realty Trust's dividend payout ratio is presently 135.56%.

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.