Horizon Investments LLC Decreases Stock Position in Digital Realty Trust, Inc. $DLR

Horizon Investments LLC cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 72.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,544 shares of the real estate investment trust's stock after selling 11,799 shares during the period. Horizon Investments LLC's holdings in Digital Realty Trust were worth $651,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Kovitz Investment Group Partners LLC raised its position in shares of Digital Realty Trust by 480.0% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 51,166 shares of the real estate investment trust's stock worth $7,332,000 after acquiring an additional 42,345 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its stake in Digital Realty Trust by 51.7% in the first quarter. Vestmark Advisory Solutions Inc. now owns 2,968 shares of the real estate investment trust's stock valued at $425,000 after purchasing an additional 1,011 shares during the last quarter. Holderness Investments Co. increased its stake in Digital Realty Trust by 38.9% in the first quarter. Holderness Investments Co. now owns 2,140 shares of the real estate investment trust's stock valued at $307,000 after purchasing an additional 599 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Digital Realty Trust by 4.8% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,251 shares of the real estate investment trust's stock worth $1,469,000 after buying an additional 468 shares during the last quarter. Finally, S Bank Fund Management Ltd acquired a new position in shares of Digital Realty Trust in the 1st quarter valued at $6,247,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DLR shares. Stifel Nicolaus lifted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Mizuho lifted their target price on Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. Bank of America initiated coverage on Digital Realty Trust in a research report on Monday, May 19th. They issued a "buy" rating and a $210.00 target price for the company. Truist Financial set a $199.00 price target on Digital Realty Trust and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company boosted their price objective on Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Digital Realty Trust presently has an average rating of "Moderate Buy" and a consensus target price of $190.74.

Digital Realty Trust Stock Performance

DLR traded down $1.4190 during trading on Wednesday, hitting $165.1510. The stock had a trading volume of 1,657,859 shares, compared to its average volume of 1,458,787. The firm has a market capitalization of $56.32 billion, a P/E ratio of 43.35, a PEG ratio of 4.79 and a beta of 0.92. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The company's 50-day moving average price is $173.21 and its 200 day moving average price is $163.55.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.13. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the company earned $1.65 EPS. The firm's revenue for the quarter was up 10.0% compared to the same quarter last year. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. On average, equities research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $1.22 dividend. The ex-dividend date is Monday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 3.0%. Digital Realty Trust's dividend payout ratio (DPR) is 128.08%.

Insider Buying and Selling

In related news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the sale, the director owned 6,522 shares of the company's stock, valued at approximately $1,151,133. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.13% of the company's stock.

About Digital Realty Trust

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.