Horizon Investments LLC grew its position in Digital Realty Trust, Inc. (NYSE:DLR – Get Rating) by 20.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,502 shares of the real estate investment trust’s stock after purchasing an additional 2,797 shares during the period. Horizon Investments LLC’s holdings in Digital Realty Trust were worth $2,340,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Tyler Stone Wealth Management bought a new position in shares of Digital Realty Trust in the fourth quarter valued at about $25,000. Core Alternative Capital raised its holdings in shares of Digital Realty Trust by 1,133.3% in the first quarter. Core Alternative Capital now owns 222 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 204 shares during the last quarter. Covestor Ltd bought a new position in shares of Digital Realty Trust in the fourth quarter valued at about $32,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Digital Realty Trust in the first quarter valued at about $35,000. Finally, GoalVest Advisory LLC bought a new position in shares of Digital Realty Trust in the first quarter valued at about $51,000. Institutional investors and hedge funds own 95.03% of the company’s stock.
Digital Realty Trust Price Performance
Digital Realty Trust stock opened at $124.45 on Friday. The firm has a market capitalization of $35.77 billion, a P/E ratio of 27.29, a PEG ratio of 2.65 and a beta of 0.33. Digital Realty Trust, Inc. has a 1 year low of $117.56 and a 1 year high of $178.22. The business has a 50-day moving average of $126.90 and a 200-day moving average of $134.00. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.85.
Digital Realty Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a $1.22 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.92%. Digital Realty Trust’s dividend payout ratio is presently 107.02%.
Insider Activity at Digital Realty Trust
In related news, EVP Dyer Corey sold 6,253 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $132.40, for a total value of $827,897.20. Following the completion of the transaction, the executive vice president now directly owns 11,689 shares in the company, valued at approximately $1,547,623.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on DLR. Deutsche Bank Aktiengesellschaft lifted their price target on Digital Realty Trust from $144.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Citigroup dropped their price objective on Digital Realty Trust from $165.00 to $160.00 and set a “buy” rating for the company in a report on Friday, June 10th. Jefferies Financial Group raised Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $151.00 to $160.00 in a report on Thursday, June 30th. Morgan Stanley dropped their price objective on Digital Realty Trust from $154.00 to $141.00 and set an “equal weight” rating for the company in a report on Tuesday, July 26th. Finally, TheStreet cut Digital Realty Trust from a “b-” rating to a “c+” rating in a report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $162.14.
Digital Realty Trust Profile
Digital Realty supports the world’s leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITALR, the company’s global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture PDxTM solution methodology for scaling digital business and efficiently managing data gravity challenges.
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