New Mexico Educational Retirement Board boosted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 16.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 42,817 shares of the real estate investment trust’s stock after acquiring an additional 5,892 shares during the period. New Mexico Educational Retirement Board’s holdings in Digital Realty Trust were worth $5,066,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Digital Realty Trust by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 27,928,426 shares of the real estate investment trust’s stock worth $3,154,515,000 after acquiring an additional 284,515 shares during the period. BlackRock Inc. grew its holdings in Digital Realty Trust by 2.8% during the 2nd quarter. BlackRock Inc. now owns 15,575,651 shares of the real estate investment trust’s stock worth $1,759,269,000 after acquiring an additional 428,327 shares during the period. Cohen & Steers Inc. grew its holdings in Digital Realty Trust by 100.4% during the 3rd quarter. Cohen & Steers Inc. now owns 13,229,368 shares of the real estate investment trust’s stock worth $1,565,431,000 after acquiring an additional 6,626,871 shares during the period. Daiwa Securities Group Inc. grew its holdings in Digital Realty Trust by 41.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 6,474,187 shares of the real estate investment trust’s stock worth $766,091,000 after acquiring an additional 1,897,642 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Digital Realty Trust by 7.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,569,263 shares of the real estate investment trust’s stock worth $403,148,000 after acquiring an additional 243,995 shares during the period. 98.54% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on DLR shares. Cowen reaffirmed a “buy” rating and set a $126.00 target price on shares of Digital Realty Trust in a report on Friday, August 25th. Barclays reissued a “buy” rating and issued a $132.00 price target on shares of Digital Realty Trust in a report on Friday, September 8th. ValuEngine lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. KeyCorp reissued a “buy” rating and issued a $130.00 price target on shares of Digital Realty Trust in a report on Friday, August 25th. Finally, BidaskClub raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $125.07.

Digital Realty Trust, Inc. (NYSE DLR) opened at $115.27 on Friday. Digital Realty Trust, Inc. has a fifty-two week low of $93.39 and a fifty-two week high of $127.23. The stock has a market cap of $23,689.59, a price-to-earnings ratio of 19.28, a PEG ratio of 2.89 and a beta of -0.10. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.46 and a quick ratio of 0.46.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $1.11. The firm had revenue of $609.90 million during the quarter, compared to analyst estimates of $595.49 million. Digital Realty Trust had a net margin of 11.71% and a return on equity of 5.15%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.44 EPS. sell-side analysts expect that Digital Realty Trust, Inc. will post 6.1 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Thursday, December 14th. Digital Realty Trust’s payout ratio is presently 300.00%.

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Digital Realty Trust Profile

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.

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Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

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