Louisiana State Employees Retirement System Has $2.98 Million Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Louisiana State Employees Retirement System trimmed its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,800 shares of the real estate investment trust’s stock after selling 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Digital Realty Trust were worth $2,979,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DLR. Creative Planning grew its stake in Digital Realty Trust by 0.7% in the third quarter. Creative Planning now owns 165,756 shares of the real estate investment trust’s stock valued at $26,824,000 after acquiring an additional 1,130 shares during the period. Swedbank AB grew its stake in Digital Realty Trust by 99.6% in the third quarter. Swedbank AB now owns 267,241 shares of the real estate investment trust’s stock valued at $43,248,000 after acquiring an additional 133,326 shares during the period. Sumitomo Life Insurance Co. grew its stake in Digital Realty Trust by 3.0% in the third quarter. Sumitomo Life Insurance Co. now owns 6,815 shares of the real estate investment trust’s stock valued at $1,103,000 after acquiring an additional 199 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in shares of Digital Realty Trust in the third quarter valued at about $1,795,000. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of Digital Realty Trust in the third quarter valued at about $202,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.17% of the stock is owned by company insiders.

Digital Realty Trust Price Performance

NYSE:DLR opened at $164.73 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The stock’s 50 day moving average price is $176.55 and its two-hundred day moving average price is $168.69. The firm has a market capitalization of $54.64 billion, a price-to-earnings ratio of 138.42, a P/E/G ratio of 4.27 and a beta of 0.63. Digital Realty Trust, Inc. has a 12-month low of $131.42 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. On average, analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DLR. Scotiabank boosted their price target on Digital Realty Trust from $178.00 to $208.00 and gave the company a “sector perform” rating in a report on Thursday, January 23rd. Stifel Nicolaus boosted their price target on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Barclays boosted their price target on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a report on Monday, November 18th. JMP Securities restated a “market outperform” rating and issued a $220.00 price target on shares of Digital Realty Trust in a report on Monday. Finally, Jefferies Financial Group boosted their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $179.70.

About Digital Realty Trust

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.