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

Harvest Fund Management Co. Ltd increased its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 22.1% during the third quarter, HoldingsChannel reports. The fund owned 4,868 shares of the real estate investment trust’s stock after buying an additional 881 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Digital Realty Trust were worth $788,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Meeder Asset Management Inc. acquired a new stake in Digital Realty Trust in the second quarter valued at $25,000. Gradient Investments LLC grew its holdings in Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 76 shares during the last quarter. American Capital Advisory LLC acquired a new stake in Digital Realty Trust in the second quarter valued at $27,000. Private Ocean LLC acquired a new stake in Digital Realty Trust in the second quarter valued at $27,000. Finally, Asset Dedication LLC acquired a new stake in Digital Realty Trust in the second quarter valued at $31,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

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

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

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.53%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 410.08%.

Wall Street Analyst Weigh In

DLR has been the topic of several research reports. Barclays upped their target price on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a report on Monday, November 18th. HSBC raised Digital Realty Trust from a “reduce” rating to a “hold” rating and upped their target price for the company from $124.00 to $160.00 in a report on Friday, October 4th. Argus lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Evercore ISI increased their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Jefferies Financial Group increased their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have issued 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, the stock presently has an average rating of “Hold” and a consensus target price of $170.37.

Digital Realty Trust Company Profile

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.