Harrington Investments INC Has $2.33 Million Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Harrington Investments INC decreased its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,158 shares of the real estate investment trust’s stock after selling 373 shares during the period. Digital Realty Trust comprises about 1.3% of Harrington Investments INC’s investment portfolio, making the stock its 28th largest holding. Harrington Investments INC’s holdings in Digital Realty Trust were worth $2,333,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Zevin Asset Management LLC grew its holdings in shares of Digital Realty Trust by 11.5% during the fourth quarter. Zevin Asset Management LLC now owns 80,435 shares of the real estate investment trust’s stock worth $14,264,000 after purchasing an additional 8,308 shares during the last quarter. JPL Wealth Management LLC bought a new stake in Digital Realty Trust during the 4th quarter worth about $3,456,000. Commonwealth Equity Services LLC increased its position in Digital Realty Trust by 0.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 111,542 shares of the real estate investment trust’s stock valued at $19,780,000 after acquiring an additional 875 shares in the last quarter. PGGM Investments lifted its position in shares of Digital Realty Trust by 27.5% during the fourth quarter. PGGM Investments now owns 408,421 shares of the real estate investment trust’s stock worth $72,425,000 after purchasing an additional 88,061 shares in the last quarter. Finally, Balboa Wealth Partners grew its stake in shares of Digital Realty Trust by 53.1% during the fourth quarter. Balboa Wealth Partners now owns 2,097 shares of the real estate investment trust’s stock valued at $372,000 after purchasing an additional 727 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DLR. StockNews.com downgraded Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Barclays boosted their price objective on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a report on Monday, November 18th. Stifel Nicolaus raised their target price 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $180.11.

Digital Realty Trust Price Performance

NYSE DLR opened at $148.41 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. Digital Realty Trust, Inc. has a 52-week low of $135.54 and a 52-week high of $198.00. The business has a 50 day simple moving average of $165.62 and a 200 day simple moving average of $169.77. The stock has a market cap of $49.96 billion, a price-to-earnings ratio of 91.61, a PEG ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.29%. Digital Realty Trust’s dividend payout ratio is currently 301.23%.

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.