Maryland State Retirement & Pension System Has $3.16 Million Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Maryland State Retirement & Pension System lifted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,504 shares of the real estate investment trust’s stock after buying an additional 516 shares during the period. Maryland State Retirement & Pension System’s holdings in Digital Realty Trust were worth $3,163,000 at the end of the most recent reporting period.

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

Insider Activity

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the 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 transaction, the director now directly owns 8,413 shares in the company, valued at $1,224,091.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.39% of the company’s stock.

Digital Realty Trust Stock Up 0.6 %

DLR stock traded up $0.86 during mid-day trading on Tuesday, hitting $144.63. 1,247,207 shares of the company were exchanged, compared to its average volume of 1,957,019. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 1.29. Digital Realty Trust, Inc. has a 1-year low of $86.33 and a 1-year high of $154.18. The firm’s 50 day simple moving average is $142.39 and its 200 day simple moving average is $137.72. The firm has a market cap of $45.19 billion, a P/E ratio of 39.94, a P/E/G ratio of 3.34 and a beta of 0.55.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date was Thursday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Analyst Ratings Changes

Several research analysts have issued reports on DLR shares. Morgan Stanley upped their price objective on Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Raymond James raised their price target on Digital Realty Trust from $140.00 to $170.00 and gave the company a “strong-buy” rating in a report on Friday, February 16th. Barclays boosted their price objective on Digital Realty Trust from $110.00 to $119.00 and gave the stock an “underweight” rating in a report on Tuesday, March 5th. Evercore ISI reaffirmed an “outperform” rating and issued a $154.00 target price on shares of Digital Realty Trust in a research note on Wednesday, March 27th. Finally, Truist Financial increased their price objective on shares of Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a report on Monday, March 18th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $142.65.

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.