State of Michigan Retirement System Sells 100 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

State of Michigan Retirement System lessened its stake in Digital Realty Trust, Inc. (NYSE:DLRFree Report) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,881 shares of the real estate investment trust’s stock after selling 100 shares during the quarter. State of Michigan Retirement System’s holdings in Digital Realty Trust were worth $11,154,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DLR. Norges Bank bought a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $442,477,000. UniSuper Management Pty Ltd bought a new stake in Digital Realty Trust during the second quarter worth $207,590,000. Resolution Capital Ltd lifted its holdings in Digital Realty Trust by 106.7% during the third quarter. Resolution Capital Ltd now owns 2,351,113 shares of the real estate investment trust’s stock worth $284,532,000 after acquiring an additional 1,213,526 shares during the period. Vanguard Group Inc. lifted its holdings in Digital Realty Trust by 2.1% during the third quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust’s stock worth $5,735,240,000 after acquiring an additional 971,032 shares during the period. Finally, Heitman Real Estate Securities LLC lifted its holdings in Digital Realty Trust by 503.3% during the second quarter. Heitman Real Estate Securities LLC now owns 1,002,134 shares of the real estate investment trust’s stock worth $114,113,000 after acquiring an additional 836,039 shares during the period. Institutional investors own 99.71% of the company’s stock.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of Digital Realty Trust stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total transaction of $494,700.00. Following the completion of the sale, the director now owns 8,413 shares of the company’s stock, valued at $1,224,091.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.39% of the company’s stock.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $139.75 on Wednesday. Digital Realty Trust, Inc. has a 52 week low of $86.33 and a 52 week high of $154.18. The business has a 50-day simple moving average of $143.00 and a 200 day simple moving average of $134.39. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. The stock has a market cap of $43.64 billion, a price-to-earnings ratio of 47.05, a PEG ratio of 3.22 and a beta of 0.54.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.49%. The ex-dividend date was Thursday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 164.31%.

Analyst Upgrades and Downgrades

DLR has been the topic of a number of recent analyst reports. Raymond James lifted their price target on Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Friday, February 16th. JPMorgan Chase & Co. boosted their target price on Digital Realty Trust from $125.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Evercore ISI restated an “outperform” rating and issued a $154.00 target price on shares of Digital Realty Trust in a research note on Wednesday, March 27th. Wells Fargo & Company boosted their target price on Digital Realty Trust from $125.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, February 8th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $144.00 target price on shares of Digital Realty Trust in a research note on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Digital Realty Trust presently has an average rating of “Hold” and an average price target of $142.00.

Check Out Our Latest Research Report on Digital Realty Trust

Digital Realty Trust Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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