Louisiana State Employees Retirement System Purchases Shares of 18,300 Digital Realty Trust, Inc. (NYSE:DLR)

Louisiana State Employees Retirement System acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 18,300 shares of the real estate investment trust’s stock, valued at approximately $2,463,000.

Several other institutional investors have also modified their holdings of the company. Simplicity Solutions LLC lifted its position in shares of Digital Realty Trust by 23.6% during the 4th quarter. Simplicity Solutions LLC now owns 3,866 shares of the real estate investment trust’s stock worth $520,000 after purchasing an additional 737 shares during the last quarter. Graypoint LLC lifted its position in shares of Digital Realty Trust by 7.1% during the 4th quarter. Graypoint LLC now owns 1,773 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 118 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Digital Realty Trust during the 4th quarter worth $32,000. G&S Capital LLC purchased a new stake in shares of Digital Realty Trust during the 4th quarter worth $1,999,000. Finally, Cerity Partners LLC lifted its position in shares of Digital Realty Trust by 9.7% during the 4th quarter. Cerity Partners LLC now owns 22,748 shares of the real estate investment trust’s stock worth $3,061,000 after purchasing an additional 2,009 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DLR has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Digital Realty Trust from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. Barclays lifted their price target on shares of Digital Realty Trust from $110.00 to $119.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 5th. Stifel Nicolaus lifted their price target on shares of Digital Realty Trust from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Scotiabank lowered shares of Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price target on the stock. in a research note on Friday, February 16th. Finally, Morgan Stanley lifted their price target on shares of Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $143.33.

Digital Realty Trust Trading Down 1.6 %

NYSE DLR opened at $136.41 on Wednesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $42.60 billion, a PE ratio of 45.93, a P/E/G ratio of 3.24 and a beta of 0.54. Digital Realty Trust, Inc. has a one year low of $86.33 and a one year high of $154.18. The firm’s fifty day moving average is $142.69 and its two-hundred day moving average is $135.76.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $1.22 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.58%. Digital Realty Trust’s dividend payout ratio is presently 164.31%.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of Digital Realty Trust stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total value of $494,700.00. Following the transaction, the director now directly owns 8,413 shares in the company, valued at $1,224,091.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.39% of the stock is currently owned by company insiders.

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.