State of New Jersey Common Pension Fund D Boosts Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

State of New Jersey Common Pension Fund D grew its stake in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 4.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 234,113 shares of the real estate investment trust's stock after buying an additional 9,276 shares during the period. State of New Jersey Common Pension Fund D owned 0.07% of Digital Realty Trust worth $37,887,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new position in Digital Realty Trust in the second quarter valued at $25,000. Gradient Investments LLC grew its stake in Digital Realty Trust by 75.2% during the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 76 shares during the period. American Capital Advisory LLC bought a new stake in Digital Realty Trust in the second quarter worth approximately $27,000. Private Ocean LLC acquired a new position in Digital Realty Trust in the second quarter valued at approximately $27,000. Finally, Asset Dedication LLC bought a new position in shares of Digital Realty Trust during the 2nd quarter worth approximately $31,000. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Performance

NYSE DLR traded up $3.51 during trading hours on Friday, reaching $181.98. 2,229,733 shares of the company were exchanged, compared to its average volume of 1,985,581. The stock has a market capitalization of $60.37 billion, a P/E ratio of 152.92, a P/E/G ratio of 5.58 and a beta of 0.59. The company has a quick ratio of 1.78, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a 1 year low of $126.22 and a 1 year high of $193.88. The business's 50 day simple moving average is $163.54 and its 200-day simple moving average is $153.53.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the firm posted $1.62 EPS. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts expect that Digital Realty Trust, Inc. will post 6.7 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust's dividend payout ratio is currently 410.08%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an "outperform" rating in a research report on Monday, October 28th. HSBC upgraded Digital Realty Trust from a "reduce" rating to a "hold" rating and raised their target price for the company from $124.00 to $160.00 in a research note on Friday, October 4th. Raymond James increased their price target on Digital Realty Trust from $170.00 to $190.00 and gave the stock a "strong-buy" rating in a report on Friday, October 25th. Argus downgraded Digital Realty Trust from a "buy" rating to a "hold" rating in a report on Thursday, August 1st. Finally, Barclays lifted their price target on shares of Digital Realty Trust from $130.00 to $135.00 and gave the company an "underweight" rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $167.68.

Digital Realty Trust 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.