State of New Jersey Common Pension Fund D Acquires Shares of 10,000 DIGITAL RLTY TR/SH (NYSE:DLR)

State of New Jersey Common Pension Fund D acquired a new position in shares of DIGITAL RLTY TR/SH (NYSE:DLR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,000 shares of the real estate investment trust’s stock, valued at approximately $1,116,000.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in DIGITAL RLTY TR/SH by 0.5% during the 1st quarter. BlackRock Inc. now owns 20,281,036 shares of the real estate investment trust’s stock worth $2,137,215,000 after acquiring an additional 98,571 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of DIGITAL RLTY TR/SH by 16.3% in the 1st quarter. JPMorgan Chase & Co. now owns 3,610,251 shares of the real estate investment trust’s stock valued at $380,450,000 after buying an additional 505,980 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of DIGITAL RLTY TR/SH by 0.5% in the 1st quarter. Northern Trust Corp now owns 3,543,111 shares of the real estate investment trust’s stock valued at $373,374,000 after buying an additional 18,919 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of DIGITAL RLTY TR/SH by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,039,383 shares of the real estate investment trust’s stock valued at $320,288,000 after buying an additional 91,491 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of DIGITAL RLTY TR/SH by 6.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 2,054,344 shares of the real estate investment trust’s stock valued at $216,487,000 after buying an additional 117,061 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Guggenheim reiterated a “hold” rating and set a $125.00 price objective on shares of DIGITAL RLTY TR/SH in a research report on Friday, July 20th. Citigroup increased their price objective on DIGITAL RLTY TR/SH from $119.00 to $131.00 and gave the stock a “buy” rating in a research report on Monday, July 30th. They noted that the move was a valuation call. BMO Capital Markets increased their price objective on DIGITAL RLTY TR/SH from $120.00 to $124.00 and gave the stock a “market perform” rating in a research report on Monday, July 30th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $131.00 price target on shares of DIGITAL RLTY TR/SH in a research report on Monday, August 13th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $127.25.

In other news, insider Edward F. Sham sold 10,435 shares of the stock in a transaction dated Friday, July 6th. The stock was sold at an average price of $115.00, for a total transaction of $1,200,025.00. Following the transaction, the insider now directly owns 6,207 shares in the company, valued at approximately $713,805. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joshua A. Mills sold 5,000 shares of the stock in a transaction dated Tuesday, June 26th. The shares were sold at an average price of $110.00, for a total value of $550,000.00. Following the transaction, the senior vice president now owns 9,166 shares in the company, valued at $1,008,260. The disclosure for this sale can be found here. Insiders have sold a total of 20,435 shares of company stock worth $2,318,775 over the last quarter. Corporate insiders own 0.43% of the company’s stock.

Shares of DIGITAL RLTY TR/SH stock traded up $0.58 during trading on Friday, hitting $124.28. 685,800 shares of the stock traded hands, compared to its average volume of 1,252,066. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $25.62 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 2.74 and a beta of 0.15. DIGITAL RLTY TR/SH has a 52 week low of $96.56 and a 52 week high of $127.23.

DIGITAL RLTY TR/SH (NYSE:DLR) last announced its quarterly earnings data on Thursday, July 26th. The real estate investment trust reported $0.32 EPS for the quarter, missing the consensus estimate of $1.61 by ($1.29). The firm had revenue of $754.91 million for the quarter, compared to the consensus estimate of $759.30 million. DIGITAL RLTY TR/SH had a net margin of 9.79% and a return on equity of 3.02%. DIGITAL RLTY TR/SH’s revenue for the quarter was up 33.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.54 earnings per share. analysts predict that DIGITAL RLTY TR/SH will post 6.6 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be given a dividend of $1.01 per share. The ex-dividend date is Thursday, September 13th. This represents a $4.04 annualized dividend and a dividend yield of 3.25%. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is presently 65.80%.

DIGITAL RLTY TR/SH Profile

Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.

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Institutional Ownership by Quarter for DIGITAL RLTY TR/SH (NYSE:DLR)

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