Harvest Portfolios Group Inc. Boosts Position in Digital Realty Trust, Inc. (NYSE:DLR)

Harvest Portfolios Group Inc. raised its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 102.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,272 shares of the real estate investment trust's stock after buying an additional 5,196 shares during the period. Harvest Portfolios Group Inc.'s holdings in Digital Realty Trust were worth $1,662,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Clear Creek Financial Management LLC boosted its position in Digital Realty Trust by 1.6% during the third quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust's stock worth $621,000 after purchasing an additional 59 shares in the last quarter. Trueblood Wealth Management LLC raised its stake in shares of Digital Realty Trust by 3.1% during the 3rd quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust's stock worth $334,000 after buying an additional 61 shares during the period. Gilman Hill Asset Management LLC raised its stake in shares of Digital Realty Trust by 1.1% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust's stock worth $940,000 after buying an additional 65 shares during the period. GHP Investment Advisors Inc. raised its stake in shares of Digital Realty Trust by 14.3% during the 3rd quarter. GHP Investment Advisors Inc. now owns 527 shares of the real estate investment trust's stock worth $85,000 after buying an additional 66 shares during the period. Finally, Telos Capital Management Inc. raised its stake in shares of Digital Realty Trust by 0.8% during the 3rd quarter. Telos Capital Management Inc. now owns 8,569 shares of the real estate investment trust's stock worth $1,387,000 after buying an additional 71 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on DLR shares. Argus downgraded Digital Realty Trust from a "buy" rating to a "hold" rating in a research note on Thursday, August 1st. Royal Bank of Canada upped their target price on Digital Realty Trust from $177.00 to $207.00 and gave the stock an "outperform" rating in a research note on Monday, October 28th. Evercore ISI upped their target price on Digital Realty Trust from $160.00 to $175.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Stifel Nicolaus reissued a "buy" rating and issued a $195.00 price objective (up from $185.00) on shares of Digital Realty Trust in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. increased their price objective on Digital Realty Trust from $180.00 to $185.00 and gave the company an "overweight" 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 given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $167.68.

Digital Realty Trust Trading Up 2.8 %

NYSE DLR traded up $4.87 during trading on Thursday, hitting $178.49. The stock had a trading volume of 2,548,831 shares, compared to its average volume of 1,848,974. The company has a market capitalization of $59.21 billion, a PE ratio of 145.90, a PEG ratio of 5.70 and a beta of 0.59. The company has a quick ratio of 1.78, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average price of $162.36 and a 200 day moving average price of $152.93. Digital Realty Trust, Inc. has a twelve month low of $126.22 and a twelve month high of $193.88.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released 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). The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business's revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.62 earnings per share. As a group, equities research analysts forecast that Digital Realty Trust, Inc. will post 6.7 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.73%. The ex-dividend date is Friday, December 13th. Digital Realty Trust's dividend payout ratio is currently 410.08%.

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.