Harvest Fund Management Co. Ltd Grows Position in Digital Realty Trust, Inc. (NYSE:DLR)

Harvest Fund Management Co. Ltd lifted its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 22.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,868 shares of the real estate investment trust’s stock after purchasing an additional 881 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Digital Realty Trust were worth $788,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in shares of Digital Realty Trust during the 2nd quarter worth $25,000. American Capital Advisory LLC purchased a new position in shares of Digital Realty Trust during the 2nd quarter worth $27,000. Private Ocean LLC purchased a new position in shares of Digital Realty Trust during the 2nd quarter worth $27,000. Gradient Investments LLC boosted its holdings in Digital Realty Trust by 75.2% during the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 76 shares during the period. Finally, Adirondack Trust Co. boosted its holdings in Digital Realty Trust by 68.6% during the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 81 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DLR has been the subject of a number of research analyst reports. Jefferies Financial Group raised their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, October 25th. Truist Financial raised their target price on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Raymond James raised their target price on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and lifted their price objective for the company from $124.00 to $160.00 in a research note on Friday, October 4th. Finally, Stifel Nicolaus boosted their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $170.37.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $192.93 on Tuesday. Digital Realty Trust, Inc. has a 12 month low of $130.00 and a 12 month high of $193.88. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The business has a 50 day simple moving average of $170.20 and a 200-day simple moving average of $156.89. The stock has a market capitalization of $64.00 billion, a PE ratio of 162.13, a price-to-earnings-growth ratio of 5.04 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the company earned $1.62 EPS. Digital Realty Trust’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

About Digital Realty Trust

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.