Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd reduced its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 16.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,070 shares of the real estate investment trust’s stock after selling 798 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Digital Realty Trust were worth $722,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. OneDigital Investment Advisors LLC grew its stake 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 buying an additional 59 shares during the last quarter. Empowered Funds LLC grew its stake in Digital Realty Trust by 9.2% during the 3rd 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 during the last quarter. Thrivent Financial for Lutherans grew its stake in Digital Realty Trust by 3.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 64,320 shares of the real estate investment trust’s stock worth $10,409,000 after buying an additional 1,960 shares during the last quarter. PNC Financial Services Group Inc. grew its stake 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 buying an additional 3,284 shares during the last quarter. Finally, Commerce Bank grew its stake in 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 buying an additional 339 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on DLR shares. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. JMP Securities reissued a “market outperform” rating and issued a $220.00 price target on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Barclays decreased their price target on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a research note on Thursday. StockNews.com cut Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. Finally, Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $179.95.

Digital Realty Trust Trading Up 0.2 %

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 has a market cap of $50.97 billion, a price-to-earnings ratio of 93.46, a P/E/G 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. The business has a fifty day simple moving average of $163.27 and a 200-day simple moving average of $169.78.

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

Digital Realty Trust Announces Dividend

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

About Digital Realty Trust

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.