Harbor Capital Advisors Inc. Takes $1.15 Million Position in Digital Realty Trust, Inc. (NYSE:DLR)

Harbor Capital Advisors Inc. purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 8,005 shares of the real estate investment trust's stock, valued at approximately $1,147,000.

Several other large investors also recently modified their holdings of DLR. Colonial Trust Co SC boosted its stake in Digital Realty Trust by 33.8% during the fourth quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock worth $51,000 after acquiring an additional 72 shares in the last quarter. Legacy Financial Advisors Inc. raised its holdings in shares of Digital Realty Trust by 5.4% during the fourth quarter. Legacy Financial Advisors Inc. now owns 1,437 shares of the real estate investment trust's stock valued at $255,000 after purchasing an additional 74 shares during the period. Quent Capital LLC boosted its position in shares of Digital Realty Trust by 7.6% during the 1st quarter. Quent Capital LLC now owns 1,064 shares of the real estate investment trust's stock worth $152,000 after purchasing an additional 75 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Digital Realty Trust by 0.3% during the 4th quarter. Avantax Advisory Services Inc. now owns 24,149 shares of the real estate investment trust's stock worth $4,282,000 after purchasing an additional 80 shares in the last quarter. Finally, Werlinich Asset Management LLC increased its position in Digital Realty Trust by 0.9% in the 1st quarter. Werlinich Asset Management LLC now owns 9,313 shares of the real estate investment trust's stock valued at $1,334,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Insider Buying and Selling at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the sale, the director now directly owns 6,522 shares in the company, valued at approximately $1,151,133. The trade was a 2.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company's stock.

Digital Realty Trust Stock Performance

NYSE:DLR traded down $2.29 during trading on Friday, reaching $174.24. The company's stock had a trading volume of 1,520,937 shares, compared to its average volume of 1,994,084. The firm has a market cap of $58.68 billion, a price-to-earnings ratio of 107.55, a price-to-earnings-growth ratio of 4.38 and a beta of 0.95. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The firm has a 50 day moving average of $162.20 and a 200-day moving average of $166.22.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.04. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.67 earnings per share. Research analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Friday, June 13th. Digital Realty Trust's dividend payout ratio is currently 456.07%.

Analyst Upgrades and Downgrades

DLR has been the topic of several recent research reports. Oppenheimer began coverage on Digital Realty Trust in a report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price target on the stock. Truist Financial cut their target price on Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Mizuho decreased their price target on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. JMP Securities restated a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a report on Monday, April 28th. Finally, Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $185.10.

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.