Harvest Fund Management Co. Ltd Acquires 687 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Harvest Fund Management Co. Ltd grew its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 49.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,077 shares of the real estate investment trust’s stock after acquiring an additional 687 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Digital Realty Trust were worth $280,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DLR. Schechter Investment Advisors LLC raised its holdings in Digital Realty Trust by 2.4% during the 4th quarter. Schechter Investment Advisors LLC now owns 3,347 shares of the real estate investment trust’s stock valued at $450,000 after buying an additional 78 shares during the period. Panagora Asset Management Inc. raised its holdings in Digital Realty Trust by 1.1% during the 3rd quarter. Panagora Asset Management Inc. now owns 9,175 shares of the real estate investment trust’s stock valued at $1,110,000 after buying an additional 97 shares during the period. Blair William & Co. IL increased its stake in Digital Realty Trust by 0.6% in the third quarter. Blair William & Co. IL now owns 17,883 shares of the real estate investment trust’s stock worth $2,164,000 after purchasing an additional 99 shares during the period. Lmcg Investments LLC increased its stake in shares of Digital Realty Trust by 2.2% during the third quarter. Lmcg Investments LLC now owns 4,620 shares of the real estate investment trust’s stock valued at $559,000 after buying an additional 100 shares during the period. Finally, First Financial Corp IN increased its stake in shares of Digital Realty Trust by 46.6% during the fourth quarter. First Financial Corp IN now owns 324 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 103 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DLR shares. Citigroup raised their price target on Digital Realty Trust from $154.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Wells Fargo & Company raised Digital Realty Trust from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $135.00 to $155.00 in a research report on Tuesday, April 9th. Truist Financial raised their price objective on Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Scotiabank downgraded Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price objective on the stock. in a research report on Friday, February 16th. Finally, JPMorgan Chase & Co. raised their price objective on Digital Realty Trust from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of “Hold” and a consensus price target of $143.33.

Digital Realty Trust Stock Up 0.3 %

Shares of DLR stock opened at $141.00 on Thursday. The stock has a 50 day moving average of $141.82 and a 200 day moving average of $136.48. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.92. The stock has a market cap of $44.03 billion, a P/E ratio of 47.34, a P/E/G ratio of 3.15 and a beta of 0.54. Digital Realty Trust, Inc. has a twelve month low of $86.33 and a twelve month high of $154.18.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend was Thursday, March 14th. Digital Realty Trust’s dividend payout ratio is currently 164.31%.

Insider Activity

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total value of $494,700.00. Following the completion of the sale, the director now directly owns 8,413 shares in the company, valued at $1,224,091.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.39% of the company’s stock.

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.