Harbor Investment Advisory LLC Has $3.03 Million Stock Position in Digital Realty Trust, Inc. $DLR

Harbor Investment Advisory LLC boosted its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 2.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 17,355 shares of the real estate investment trust’s stock after buying an additional 444 shares during the period. Harbor Investment Advisory LLC’s holdings in Digital Realty Trust were worth $3,025,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Rowlandmiller & PARTNERS.ADV grew its stake in Digital Realty Trust by 5.2% in the 2nd quarter. Rowlandmiller & PARTNERS.ADV now owns 7,480 shares of the real estate investment trust’s stock valued at $1,304,000 after buying an additional 370 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs acquired a new position in Digital Realty Trust in the 1st quarter valued at about $1,959,000. Voya Investment Management LLC grew its stake in Digital Realty Trust by 27.4% in the 1st quarter. Voya Investment Management LLC now owns 143,345 shares of the real estate investment trust’s stock valued at $20,540,000 after buying an additional 30,842 shares during the last quarter. Peterson Wealth Management boosted its holdings in Digital Realty Trust by 39.4% in the 1st quarter. Peterson Wealth Management now owns 20,577 shares of the real estate investment trust’s stock valued at $2,948,000 after purchasing an additional 5,816 shares during the period. Finally, First Hawaiian Bank grew its position in shares of Digital Realty Trust by 128.6% during the 1st quarter. First Hawaiian Bank now owns 7,389 shares of the real estate investment trust’s stock worth $1,059,000 after purchasing an additional 4,157 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Ratings Changes

DLR has been the topic of a number of analyst reports. Guggenheim initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, July 9th. They set a “neutral” rating on the stock. Mizuho increased their target price on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 17th. Wall Street Zen upgraded shares of Digital Realty Trust from a “sell” rating to a “hold” rating in a research report on Sunday, June 1st. Stifel Nicolaus increased their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Finally, Barclays increased their target price on shares of Digital Realty Trust from $140.00 to $141.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $190.74.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $173.50 on Friday. The company has a 50 day moving average of $170.48 and a 200-day moving average of $163.77. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. The company has a market cap of $59.17 billion, a PE ratio of 45.54, a price-to-earnings-growth ratio of 5.02 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.13. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the firm posted $1.65 EPS. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.88 annualized dividend and a yield of 2.8%. Digital Realty Trust’s dividend payout ratio is presently 128.08%.

About Digital Realty Trust

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.