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

State of New Jersey Common Pension Fund D increased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 238,817 shares of the real estate investment trust’s stock after acquiring an additional 4,704 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Digital Realty Trust were worth $42,349,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DLR. Clear Creek Financial Management LLC lifted its stake in shares of Digital Realty Trust by 1.6% during the 3rd quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust’s stock worth $621,000 after purchasing an additional 59 shares during the period. OneDigital Investment Advisors LLC lifted its stake in shares of Digital Realty Trust by 3.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock worth $305,000 after purchasing an additional 59 shares during the period. Trueblood Wealth Management LLC lifted its stake in shares of Digital Realty Trust by 3.1% during the 3rd quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock worth $334,000 after purchasing an additional 61 shares during the period. Stolper Co raised its position in shares of Digital Realty Trust by 0.5% in the 4th quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock worth $2,243,000 after buying an additional 64 shares during the period. Finally, Bleakley Financial Group LLC raised its position in shares of Digital Realty Trust by 1.5% in the 4th quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust’s stock worth $769,000 after buying an additional 64 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Down 0.5 %

NYSE:DLR opened at $164.06 on Monday. The company has a market capitalization of $54.42 billion, a price-to-earnings ratio of 137.86, a price-to-earnings-growth ratio of 4.27 and a beta of 0.63. Digital Realty Trust, Inc. has a one year low of $131.42 and a one year high of $198.00. The stock has a 50-day simple moving average of $175.45 and a 200 day simple moving average of $168.94. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. Sell-side analysts predict that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on DLR shares. Jefferies Financial Group increased their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada increased their target price on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. JMP Securities reaffirmed a “market outperform” rating and issued a $220.00 target price on shares of Digital Realty Trust in a research report on Monday, February 10th. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their target price for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. Finally, Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $179.95.

Digital Realty Trust 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.