Horst & Graben Wealth Management LLC Grows Position in Digital Realty Trust, Inc. (NYSE:DLR)

Horst & Graben Wealth Management LLC boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 24.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,965 shares of the real estate investment trust's stock after buying an additional 3,173 shares during the quarter. Horst & Graben Wealth Management LLC's holdings in Digital Realty Trust were worth $2,288,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Fairway Wealth LLC purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at approximately $35,000. Millstone Evans Group LLC bought a new stake in Digital Realty Trust in the 4th quarter worth approximately $43,000. OFI Invest Asset Management purchased a new stake in Digital Realty Trust during the 4th quarter valued at $45,000. Opal Wealth Advisors LLC bought a new position in shares of Digital Realty Trust during the 1st quarter valued at $38,000. Finally, Colonial Trust Co SC boosted its stake in shares of Digital Realty Trust by 33.8% in the 4th quarter. Colonial Trust Co SC now owns 285 shares of the real estate investment trust's stock worth $51,000 after buying an additional 72 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Performance

NYSE DLR opened at $172.60 on Monday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.81. Digital Realty Trust, Inc. has a twelve month low of $129.95 and a twelve month high of $198.00. The business has a 50-day moving average price of $170.84 and a 200-day moving average price of $164.28. The firm has a market cap of $58.13 billion, a price-to-earnings ratio of 161.31, a price-to-earnings-growth ratio of 2.63 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share 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 the consensus estimate of $1.43 billion. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.67 EPS. As a group, 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 business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.88 annualized dividend and a yield of 2.83%. Digital Realty Trust's payout ratio is 456.07%.

Analyst Ratings Changes

A number of research firms recently commented on DLR. Bank of America began coverage on Digital Realty Trust in a research report on Monday, May 19th. They set a "buy" rating and a $210.00 price objective for the company. Scotiabank cut their price target on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 22nd. New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Finally, Barclays reduced their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $187.16.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the 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 completion of the transaction, the director owned 6,522 shares of the company's stock, valued at $1,151,133. This represents a 2.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.17% 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.

Want to see what other hedge funds are holding DLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Digital Realty Trust, Inc. (NYSE:DLR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.