Oregon Public Employees Retirement Fund Purchases 9,340 Shares of Digital Realty Trust, Inc. $DLR

Oregon Public Employees Retirement Fund boosted its position in Digital Realty Trust, Inc. (NYSE:DLR) by 34.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,661 shares of the real estate investment trust’s stock after purchasing an additional 9,340 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Digital Realty Trust were worth $6,338,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DLR. OFI Invest Asset Management increased its stake in shares of Digital Realty Trust by 37,575.7% in the 3rd quarter. OFI Invest Asset Management now owns 271,265 shares of the real estate investment trust’s stock valued at $46,896,000 after acquiring an additional 270,545 shares in the last quarter. World Investment Advisors grew its holdings in Digital Realty Trust by 412.7% in the third quarter. World Investment Advisors now owns 11,003 shares of the real estate investment trust’s stock worth $1,902,000 after purchasing an additional 8,857 shares during the period. Cim Investment Management Inc. increased its stake in Digital Realty Trust by 99.6% in the second quarter. Cim Investment Management Inc. now owns 22,734 shares of the real estate investment trust’s stock valued at $3,997,000 after purchasing an additional 11,345 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Digital Realty Trust by 3.0% in the second quarter. Canada Pension Plan Investment Board now owns 7,356,429 shares of the real estate investment trust’s stock valued at $1,282,446,000 after purchasing an additional 211,692 shares in the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its holdings in shares of Digital Realty Trust by 100.0% during the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 34,000 shares of the real estate investment trust’s stock valued at $5,878,000 after purchasing an additional 17,000 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mary Hogan Preusse sold 4,166 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $157.42, for a total value of $655,811.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by insiders.

Digital Realty Trust Stock Performance

Shares of DLR opened at $158.50 on Friday. The firm has a market capitalization of $54.44 billion, a P/E ratio of 40.96, a P/E/G ratio of 3.80 and a beta of 1.11. Digital Realty Trust, Inc. has a 52 week low of $129.95 and a 52 week high of $187.74. The stock has a 50 day moving average price of $158.43 and a two-hundred day moving average price of $167.01. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.02 and a current ratio of 2.02.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share for the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The company had revenue of $1.58 billion for the quarter. Equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 15th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, December 15th. Digital Realty Trust’s payout ratio is currently 126.10%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. TD Cowen raised their target price on Digital Realty Trust from $163.00 to $179.00 and gave the company a “hold” rating in a research note on Friday, October 24th. Jefferies Financial Group cut their price target on Digital Realty Trust from $206.00 to $184.00 and set a “buy” rating on the stock in a report on Tuesday, December 16th. Daiwa Capital Markets assumed coverage on Digital Realty Trust in a report on Wednesday, October 22nd. They set a “buy” rating and a $210.00 price objective for the company. Truist Financial upped their target price on Digital Realty Trust from $199.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, The Goldman Sachs Group assumed coverage on shares of Digital Realty Trust in a research report on Thursday, December 18th. They issued a “buy” rating and a $188.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $194.62.

Digital Realty Trust Profile

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.