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

Horizon Investments LLC boosted its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 291.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,343 shares of the real estate investment trust's stock after purchasing 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 Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of DLR. Advisors Asset Management Inc. grew its holdings in shares of Digital Realty Trust by 9.5% during the fourth quarter. Advisors Asset Management Inc. now owns 40,172 shares of the real estate investment trust's stock worth $7,124,000 after purchasing an additional 3,472 shares in the last quarter. PDS Planning Inc increased its holdings in shares of Digital Realty Trust by 7.4% in the 4th quarter. PDS Planning Inc now owns 1,428 shares of the real estate investment trust's stock worth $253,000 after buying an additional 98 shares during the last quarter. Axxcess Wealth Management LLC raised its position in shares of Digital Realty Trust by 93.9% during the 4th quarter. Axxcess Wealth Management LLC now owns 2,431 shares of the real estate investment trust's stock valued at $431,000 after buying an additional 1,177 shares in the last quarter. 1ST Source Bank lifted its holdings in shares of Digital Realty Trust by 11.1% during the 4th quarter. 1ST Source Bank now owns 4,886 shares of the real estate investment trust's stock worth $866,000 after acquiring an additional 490 shares during the last quarter. Finally, Signaturefd LLC grew its position in Digital Realty Trust by 3.6% in the fourth quarter. Signaturefd LLC now owns 4,302 shares of the real estate investment trust's stock worth $763,000 after acquiring an additional 150 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

DLR has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their price target for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. Citizens Jmp raised Digital Realty Trust to a "strong-buy" rating in a research note on Monday, January 27th. UBS Group raised shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Wells Fargo & Company cut their price objective on shares of Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Finally, StockNews.com cut shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, February 22nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $179.95.

Digital Realty Trust Trading Down 0.4 %

NYSE:DLR traded down $0.65 during trading hours on Friday, hitting $150.76. The company had a trading volume of 4,766,080 shares, compared to its average volume of 1,867,575. The stock has a 50-day moving average price of $162.82 and a 200 day moving average price of $169.91. Digital Realty Trust, Inc. has a 52 week low of $135.54 and a 52 week high of $198.00. 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 capitalization of $50.75 billion, a PE ratio of 93.06, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates 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, equities research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust's dividend payout ratio (DPR) is presently 301.23%.

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.