State of Michigan Retirement System Has $15 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

State of Michigan Retirement System increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 1.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 84,581 shares of the real estate investment trust’s stock after buying an additional 800 shares during the period. State of Michigan Retirement System’s holdings in Digital Realty Trust were worth $14,999,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sierra Ocean LLC bought a new stake in shares of Digital Realty Trust during the fourth quarter worth approximately $29,000. FNY Investment Advisers LLC acquired a new stake in Digital Realty Trust during the 4th quarter worth approximately $35,000. Versant Capital Management Inc boosted its stake 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 purchasing an additional 173 shares during the period. Centricity Wealth Management LLC acquired a new position in Digital Realty Trust in the 4th quarter valued at $37,000. Finally, First Financial Corp IN acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth $42,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DLR. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Truist Financial lifted their price target on shares of 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 raised Digital Realty Trust from a “hold” rating to a “buy” rating and increased their price target for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. Finally, JMP Securities reiterated a “market outperform” rating and set a $220.00 target price on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.00.

Digital Realty Trust Trading Up 0.3 %

DLR opened at $155.80 on Wednesday. The company has a market cap of $52.45 billion, a P/E ratio of 96.17, a PEG ratio of 4.38 and a beta of 0.63. 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 company’s 50 day moving average is $170.30 and its 200-day moving average is $170.10. Digital Realty Trust, Inc. has a 1-year low of $135.54 and a 1-year high of $198.00.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates 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 predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.13%. Digital Realty Trust’s payout ratio is presently 301.23%.

Insider Buying and Selling at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust 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 document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Digital Realty Trust Company 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.