Digital Realty Trust, Inc. (NYSE:DLR) Shares Bought by New York Life Investment Management LLC

New York Life Investment Management LLC increased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 77.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 95,372 shares of the real estate investment trust’s stock after acquiring an additional 41,625 shares during the quarter. New York Life Investment Management LLC’s holdings in Digital Realty Trust were worth $12,835,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Operose Advisors LLC acquired a new position in shares of Digital Realty Trust in the 3rd quarter worth approximately $27,000. Baldwin Brothers LLC MA grew its position in Digital Realty Trust by 528.6% in the fourth quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 185 shares during the last quarter. Bfsg LLC bought a new position in shares of Digital Realty Trust in the fourth quarter valued at $31,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Digital Realty Trust during the 4th quarter valued at $32,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of Digital Realty Trust during the 4th quarter worth $32,000. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $137.99 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.92. The stock has a 50 day moving average of $142.05 and a 200-day moving average of $137.13. Digital Realty Trust, Inc. has a 12 month low of $86.33 and a 12 month high of $154.18. The company has a market capitalization of $43.11 billion, a P/E ratio of 46.46, a P/E/G ratio of 3.15 and a beta of 0.55.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Thursday, March 14th. Digital Realty Trust’s payout ratio is 164.31%.

Insider Buying and Selling at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total transaction of $494,700.00. Following the sale, the director now owns 8,413 shares in the company, valued at approximately $1,224,091.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.39% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on DLR. JPMorgan Chase & Co. upped their target price on Digital Realty Trust from $125.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, February 20th. Royal Bank of Canada reissued an “outperform” rating and issued a $144.00 target price on shares of Digital Realty Trust in a research report on Friday, February 16th. Wells Fargo & Company upgraded shares of Digital Realty Trust from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $135.00 to $155.00 in a research report on Tuesday, April 9th. Raymond James lifted their price objective on shares of Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 16th. Finally, Stifel Nicolaus raised their target price on Digital Realty Trust from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $143.33.

About Digital Realty Trust

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.