Horst & Graben Wealth Management LLC Acquires 3,173 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Horst & Graben Wealth Management LLC grew its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 24.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,965 shares of the real estate investment trust's stock after purchasing an additional 3,173 shares during the quarter. Horst & Graben Wealth Management LLC's holdings in Digital Realty Trust were worth $2,288,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DLR. Norges Bank acquired a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $3,858,428,000. Northern Trust Corp grew its position in Digital Realty Trust by 57.5% during the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock worth $900,934,000 after buying an additional 1,854,748 shares in the last quarter. Deutsche Bank AG grew its position in Digital Realty Trust by 66.6% during the fourth quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust's stock worth $546,499,000 after buying an additional 1,232,043 shares in the last quarter. GAMMA Investing LLC grew its position in Digital Realty Trust by 13,842.2% during the first quarter. GAMMA Investing LLC now owns 1,131,131 shares of the real estate investment trust's stock worth $162,080,000 after buying an additional 1,123,018 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Digital Realty Trust during the fourth quarter worth approximately $182,126,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the transaction, the director directly owned 6,522 shares of the company's stock, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.17% of the company's stock.

Digital Realty Trust Trading Down 1.0%

NYSE:DLR traded down $1.64 during trading hours on Tuesday, hitting $170.00. 281,158 shares of the company were exchanged, compared to its average volume of 2,012,099. The stock has a market capitalization of $57.25 billion, a price-to-earnings ratio of 159.01, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The company has a fifty day simple moving average of $171.06 and a 200 day simple moving average of $164.23.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.04. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. Digital Realty Trust's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $1.67 EPS. Sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Friday, June 13th. Digital Realty Trust's dividend payout ratio (DPR) is presently 456.07%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DLR. New Street Research raised Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. Jefferies Financial Group reissued a "buy" rating and set a $193.00 price target (up previously from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. JMP Securities reaffirmed a "market outperform" rating and issued a $220.00 target price on shares of Digital Realty Trust in a report on Monday, April 28th. Oppenheimer began coverage on Digital Realty Trust in a report on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 target price on the stock. Finally, Citigroup reduced their target price on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $187.16.

Digital Realty Trust Company 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.