Horizon Investments LLC Boosts Stock Position in Digital Realty Trust, Inc. (NYSE:DLR)

Horizon Investments LLC raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 291.5% during the 4th quarter, Holdings Channel reports. The firm owned 16,343 shares of the real estate investment trust’s stock after buying an additional 12,169 shares during the quarter. Horizon Investments LLC’s holdings in Digital Realty Trust were worth $2,898,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new stake in Digital Realty Trust during the 4th quarter valued at about $29,000. FNY Investment Advisers LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter worth about $35,000. Fairway Wealth LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter worth about $35,000. Versant Capital Management Inc boosted its stake in shares of Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 173 shares during the last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in shares of Digital Realty Trust in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $148.63 on Wednesday. The business has a 50 day simple moving average of $164.45 and a two-hundred day simple moving average of $170.04. Digital Realty Trust, Inc. has a 12 month low of $135.54 and a 12 month high of $198.00. The stock has a market capitalization of $50.03 billion, a P/E ratio of 91.74, a PEG ratio of 4.38 and a beta of 0.65. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, beating 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%. As a group, analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

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

Analyst Ratings Changes

DLR has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and upped their target price for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. JMP Securities restated a “market outperform” rating and issued a $220.00 target price on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Scotiabank upgraded Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price on the stock in a research note on Tuesday, February 18th. JPMorgan Chase & Co. upped their target price on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company reduced their price target on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.