Digital Realty Trust, Inc. (NYSE:DLR) Stock Holdings Boosted by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 49.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,077 shares of the real estate investment trust’s stock after buying an additional 687 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Digital Realty Trust were worth $280,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Baldwin Brothers LLC MA boosted its stake in Digital Realty Trust by 528.6% during the 4th quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 185 shares in the last quarter. Operose Advisors LLC bought a new stake in shares of Digital Realty Trust during the 3rd quarter worth $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Digital Realty Trust during the 4th quarter worth $32,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Digital Realty Trust during the 4th quarter worth $32,000. Finally, ZRC Wealth Management LLC bought a new stake in shares of Digital Realty Trust during the 4th quarter worth $33,000. 99.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DLR. Raymond James raised their price objective on Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 16th. Citigroup raised their price objective on Digital Realty Trust from $154.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. StockNews.com lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Evercore ISI reiterated an “outperform” rating and set a $154.00 price objective on shares of Digital Realty Trust in a report on Wednesday, March 27th. Finally, Stifel Nicolaus increased their target price on shares of Digital Realty Trust from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust has an average rating of “Hold” and an average target price of $143.33.

Digital Realty Trust Price Performance

DLR stock opened at $141.00 on Thursday. Digital Realty Trust, Inc. has a 52-week low of $86.33 and a 52-week high of $154.18. The company has a fifty day moving average price of $141.82 and a 200-day moving average price of $136.48. The company has a market capitalization of $44.03 billion, a P/E ratio of 47.34, a PEG ratio of 3.15 and a beta of 0.54. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.14 and a current ratio of 1.14.

Digital Realty Trust Announces Dividend

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

Insiders Place Their Bets

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of Digital Realty Trust stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total transaction of $494,700.00. Following the completion of the transaction, the director now directly owns 8,413 shares in the company, valued at $1,224,091.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.