Horizon Investments LLC Buys 12,169 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Horizon Investments LLC grew its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 291.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,343 shares of the real estate investment trust’s stock after purchasing an additional 12,169 shares during the period. Horizon Investments LLC’s holdings in Digital Realty Trust were worth $2,898,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DLR. OneDigital Investment Advisors LLC raised its holdings in shares of Digital Realty Trust by 3.2% in the third quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock worth $305,000 after buying an additional 59 shares during the period. Empowered Funds LLC raised its holdings in shares of Digital Realty Trust by 9.2% in the third quarter. Empowered Funds LLC now owns 4,937 shares of the real estate investment trust’s stock worth $799,000 after buying an additional 417 shares during the period. Mutual of America Capital Management LLC raised its holdings in shares of Digital Realty Trust by 6.3% in the third quarter. Mutual of America Capital Management LLC now owns 46,544 shares of the real estate investment trust’s stock worth $7,532,000 after buying an additional 2,748 shares during the period. Claro Advisors LLC purchased a new stake in shares of Digital Realty Trust in the third quarter worth approximately $223,000. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Digital Realty Trust by 3.1% in the third quarter. Thrivent Financial for Lutherans now owns 64,320 shares of the real estate investment trust’s stock worth $10,409,000 after buying an additional 1,960 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Down 2.1 %

Shares of DLR stock opened at $148.63 on Wednesday. Digital Realty Trust, Inc. has a 1-year low of $135.54 and a 1-year high of $198.00. The stock’s fifty day moving average price is $164.45 and its 200 day moving average price is $170.04. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The company has a market cap of $50.03 billion, a price-to-earnings ratio of 91.74, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65.

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

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.28%. Digital Realty Trust’s dividend payout ratio (DPR) is 301.23%.

Wall Street Analyst Weigh In

DLR has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and increased their price target for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. JPMorgan Chase & Co. raised their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. StockNews.com downgraded Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. Stifel Nicolaus raised their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.11.

Digital Realty Trust 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.