Harvest Portfolios Group Inc. Acquires 5,196 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Harvest Portfolios Group Inc. boosted its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 102.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,272 shares of the real estate investment trust’s stock after purchasing an additional 5,196 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Digital Realty Trust were worth $1,662,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Janney Montgomery Scott LLC boosted its holdings in shares of Digital Realty Trust by 3.9% during the first quarter. Janney Montgomery Scott LLC now owns 29,871 shares of the real estate investment trust’s stock worth $4,303,000 after acquiring an additional 1,113 shares during the period. Nordea Investment Management AB boosted its stake in Digital Realty Trust by 4.0% in the 1st quarter. Nordea Investment Management AB now owns 21,308 shares of the real estate investment trust’s stock valued at $3,078,000 after purchasing an additional 822 shares during the period. Empowered Funds LLC grew its holdings in Digital Realty Trust by 21.8% in the 1st quarter. Empowered Funds LLC now owns 4,607 shares of the real estate investment trust’s stock valued at $664,000 after buying an additional 826 shares in the last quarter. Metis Global Partners LLC increased its position in Digital Realty Trust by 6.2% during the 1st quarter. Metis Global Partners LLC now owns 66,017 shares of the real estate investment trust’s stock worth $9,509,000 after buying an additional 3,835 shares during the period. Finally, Mystic Asset Management Inc. boosted its position in shares of Digital Realty Trust by 13.2% in the first quarter. Mystic Asset Management Inc. now owns 5,150 shares of the real estate investment trust’s stock valued at $742,000 after acquiring an additional 600 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

Shares of DLR opened at $173.62 on Thursday. The firm has a market cap of $57.59 billion, a PE ratio of 145.90, a price-to-earnings-growth ratio of 5.66 and a beta of 0.59. Digital Realty Trust, Inc. has a 52-week low of $126.22 and a 52-week high of $193.88. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.61. The business’s 50 day moving average price is $162.36 and its two-hundred day moving average price is $152.93.

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 (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 the consensus estimate of $1.43 billion. During the same period in the prior year, the company earned $1.62 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that Digital Realty Trust, Inc. will post 6.7 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.81%. Digital Realty Trust’s payout ratio is currently 410.08%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. TD Cowen boosted their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a report on Friday, October 25th. Evercore ISI increased their price target on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company upped their target price on Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Stifel Nicolaus reiterated a “buy” rating and set a $195.00 price target (up previously from $185.00) on shares of Digital Realty Trust in a research report on Friday, October 25th. Finally, Barclays boosted their price objective on shares of Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $167.68.

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.