Harbour Investments Inc. Sells 285 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Harbour Investments Inc. lessened its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 12.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,974 shares of the real estate investment trust’s stock after selling 285 shares during the quarter. Harbour Investments Inc.’s holdings in Digital Realty Trust were worth $319,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DLR. Canada Pension Plan Investment Board grew its position in shares of Digital Realty Trust by 3.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust’s stock worth $733,859,000 after purchasing an additional 146,183 shares in the last quarter. Legal & General Group Plc grew its position in Digital Realty Trust by 2.8% during the second quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust’s stock worth $719,222,000 after buying an additional 129,799 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Digital Realty Trust by 16.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock worth $718,584,000 after acquiring an additional 678,165 shares during the period. Dimensional Fund Advisors LP raised its holdings in Digital Realty Trust by 5.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust’s stock valued at $690,498,000 after acquiring an additional 228,585 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Digital Realty Trust by 2.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,351,319 shares of the real estate investment trust’s stock worth $357,518,000 after purchasing an additional 60,821 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Up 0.8 %

Shares of DLR opened at $179.67 on Friday. The stock’s 50-day moving average price is $166.56 and its two-hundred day moving average price is $154.77. Digital Realty Trust, Inc. has a 12 month low of $130.00 and a 12 month high of $193.88. The company has a market capitalization of $59.60 billion, a PE ratio of 150.98, a PEG ratio of 4.73 and a beta of 0.59. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last posted 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). 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 during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the firm earned $1.62 earnings per share. Digital Realty Trust’s revenue was up 2.1% compared to the same quarter last year. On average, analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors 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 2.72%. Digital Realty Trust’s payout ratio is 410.08%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DLR shares. Jefferies Financial Group boosted their price target 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. Stifel Nicolaus reaffirmed a “buy” rating and set a $195.00 price target (up previously from $185.00) on shares of Digital Realty Trust in a report on Friday, October 25th. Royal Bank of Canada increased their price target on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. TD Cowen upped their target price on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and lifted their price target for the company from $124.00 to $160.00 in a research note on Friday, October 4th. Two equities 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $169.47.

Digital Realty Trust 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.