Harbour Investments Inc. Acquires 236 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Harbour Investments Inc. raised its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,210 shares of the real estate investment trust’s stock after buying an additional 236 shares during the quarter. Harbour Investments Inc.’s holdings in Digital Realty Trust were worth $392,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. OneDigital Investment Advisors LLC increased its holdings in Digital Realty Trust by 3.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock worth $305,000 after purchasing an additional 59 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Digital Realty Trust by 9.2% during the third quarter. Empowered Funds LLC now owns 4,937 shares of the real estate investment trust’s stock worth $799,000 after buying an additional 417 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Digital Realty Trust by 3.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 64,320 shares of the real estate investment trust’s stock valued at $10,409,000 after buying an additional 1,960 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Digital Realty Trust by 8.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 40,320 shares of the real estate investment trust’s stock worth $6,525,000 after acquiring an additional 3,284 shares during the last quarter. Finally, Commerce Bank grew its stake in shares of Digital Realty Trust by 4.6% during the 3rd quarter. Commerce Bank now owns 7,649 shares of the real estate investment trust’s stock worth $1,238,000 after acquiring an additional 339 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DLR. Truist Financial cut their price objective on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Barclays dropped their target price on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating on the stock in a report on Thursday. Stifel Nicolaus raised their price target on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Scotiabank upgraded Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price objective on the stock in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $179.95.

Digital Realty Trust Stock Performance

Shares of NYSE:DLR opened at $151.40 on Friday. Digital Realty Trust, Inc. has a 12-month low of $135.54 and a 12-month high of $198.00. The company’s 50 day moving average price is $163.27 and its two-hundred day moving average price is $169.78. The firm has a market cap of $50.97 billion, a PE ratio of 93.46, a PEG ratio of 4.38 and a beta of 0.65. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.22%. Digital Realty Trust’s dividend payout ratio is currently 301.23%.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.