Digital Realty Trust, Inc. (NYSE:DLR) Holdings Lifted by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC increased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 53.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,561 shares of the real estate investment trust’s stock after acquiring an additional 5,788 shares during the period. Harbor Investment Advisory LLC’s holdings in Digital Realty Trust were worth $2,937,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Adirondack Trust Co. increased its position in Digital Realty Trust by 68.6% in the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 81 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Digital Realty Trust in the fourth quarter worth approximately $35,000. Versant Capital Management Inc raised its position in Digital Realty Trust by 480.6% during the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 173 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Digital Realty Trust in the third quarter valued at approximately $38,000. Finally, First Financial Corp IN bought a new stake in Digital Realty Trust in the fourth quarter worth approximately $42,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Activity at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is owned by insiders.

Digital Realty Trust Stock Down 0.9 %

DLR opened at $178.54 on Tuesday. The company has a market capitalization of $59.22 billion, a P/E ratio of 150.03, a P/E/G ratio of 4.35 and a beta of 0.64. 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 firm’s fifty day moving average price is $183.19 and its two-hundred day moving average price is $166.90. Digital Realty Trust, Inc. has a fifty-two week low of $131.42 and a fifty-two week high of $198.00.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the firm posted $1.62 earnings per share. Digital Realty Trust’s revenue was up 2.1% on a year-over-year basis. On average, analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.73%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Wall Street Analyst Weigh In

DLR has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their price target for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. Raymond James increased their price objective 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. Wells Fargo & Company upped their target price on Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Finally, TD Cowen lifted their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $177.32.

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.