Oak Harvest Investment Services Raises Stake in Digital Realty Trust, Inc. (NYSE:DLR)

Oak Harvest Investment Services grew its position in Digital Realty Trust, Inc. (NYSE:DLR) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,013 shares of the real estate investment trust’s stock after buying an additional 1,101 shares during the quarter. Digital Realty Trust accounts for approximately 1.2% of Oak Harvest Investment Services’ holdings, making the stock its 25th biggest holding. Oak Harvest Investment Services’ holdings in Digital Realty Trust were worth $8,691,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its position in Digital Realty Trust by 16.1% during the 2nd quarter. NewEdge Advisors LLC now owns 14,763 shares of the real estate investment trust’s stock worth $2,245,000 after purchasing an additional 2,047 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Digital Realty Trust by 23.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,416 shares of the real estate investment trust’s stock worth $2,344,000 after buying an additional 2,963 shares in the last quarter. Regal Investment Advisors LLC raised its holdings in Digital Realty Trust by 4.5% in the second quarter. Regal Investment Advisors LLC now owns 1,921 shares of the real estate investment trust’s stock valued at $292,000 after acquiring an additional 83 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Digital Realty Trust by 2.3% in the 2nd quarter. Cetera Investment Advisers now owns 32,379 shares of the real estate investment trust’s stock worth $4,923,000 after purchasing an additional 714 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Digital Realty Trust in the second quarter valued at about $48,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Trading Up 1.6 %

Shares of NYSE:DLR opened at $164.28 on Friday. Digital Realty Trust, Inc. has a 12-month low of $131.42 and a 12-month high of $198.00. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $54.49 billion, a P/E ratio of 138.05, a price-to-earnings-growth ratio of 4.11 and a beta of 0.64. The firm has a fifty day moving average of $182.02 and a two-hundred day moving average of $167.93.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust’s payout ratio is currently 410.08%.

Insider Activity

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on DLR shares. HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and boosted their target price for the company from $124.00 to $160.00 in a research note on Friday, October 4th. Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Wells Fargo & Company increased their price target on Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Raymond James upped their price objective on Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus raised their price target on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $180.95.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.