Harvest Portfolios Group Inc. Has $1.66 Million Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Harvest Portfolios Group Inc. increased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 102.4% during the third quarter, HoldingsChannel reports. The fund owned 10,272 shares of the real estate investment trust’s stock after acquiring an additional 5,196 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Digital Realty Trust were worth $1,662,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Clear Creek Financial Management LLC lifted its holdings in shares of Digital Realty Trust by 1.6% in the third quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust’s stock valued at $621,000 after purchasing an additional 59 shares in the last quarter. Trueblood Wealth Management LLC raised its position in Digital Realty Trust by 3.1% in the 3rd quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock valued at $334,000 after buying an additional 61 shares during the last quarter. Gilman Hill Asset Management LLC lifted its stake in 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 valued at $940,000 after acquiring an additional 65 shares in the last quarter. GHP Investment Advisors Inc. boosted its holdings in 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 acquiring an additional 66 shares during the last quarter. Finally, Telos Capital Management Inc. grew its stake in shares of Digital Realty Trust by 0.8% in 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 acquiring an additional 71 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Down 4.1 %

Shares of NYSE DLR opened at $173.62 on Thursday. 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 company has a market cap of $57.59 billion, a P/E ratio of 145.90, a P/E/G ratio of 5.66 and a beta of 0.59. Digital Realty Trust, Inc. has a 52 week low of $126.22 and a 52 week high of $193.88. The business has a 50-day simple moving average of $162.36 and a two-hundred day simple moving average of $152.93.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.58). The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. Digital Realty Trust’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.62 EPS. Research analysts anticipate that Digital Realty Trust, Inc. will post 6.7 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be given a $1.22 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.81%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DLR. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and upped their price objective for the stock from $124.00 to $160.00 in a research report on Friday, October 4th. Raymond James increased their price target on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. Wells Fargo & Company boosted their price objective on Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Barclays raised their target price on Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. Finally, Mizuho assumed coverage on shares of Digital Realty Trust in a report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $167.68.

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.