Horst & Graben Wealth Management LLC Purchases 4,288 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Horst & Graben Wealth Management LLC raised its position in Digital Realty Trust, Inc. (NYSE:DLR) by 55.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,049 shares of the real estate investment trust’s stock after purchasing an additional 4,288 shares during the period. Horst & Graben Wealth Management LLC’s holdings in Digital Realty Trust were worth $1,950,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Digital Realty Trust by 2.0% in the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock valued at $6,986,458,000 after purchasing an additional 951,567 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Digital Realty Trust by 3.1% in the second quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust’s stock worth $733,859,000 after acquiring an additional 146,183 shares in the last quarter. Legal & General Group Plc increased its stake in Digital Realty Trust by 2.8% in the second quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust’s stock valued at $719,222,000 after acquiring an additional 129,799 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Digital Realty Trust by 16.8% during the second quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock valued at $718,584,000 after purchasing an additional 678,165 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Digital Realty Trust by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust’s stock worth $690,498,000 after purchasing an additional 228,585 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $165.16 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.78. Digital Realty Trust, Inc. has a 1 year low of $113.94 and a 1 year high of $165.65. The company’s 50-day moving average is $156.16 and its 200 day moving average is $150.01. The stock has a market capitalization of $51.60 billion, a P/E ratio of 45.88, a P/E/G ratio of 5.08 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($1.43). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the company posted $1.68 EPS. The firm’s revenue was down .7% on a year-over-year basis. On average, sell-side analysts expect that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date was Friday, September 13th. Digital Realty Trust’s dividend payout ratio is presently 135.56%.

Insider Buying and Selling

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the sale, the director now owns 9,055 shares of the company’s stock, valued at $1,360,604.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.17% of the stock is owned by company insiders.

Analysts Set New Price Targets

DLR has been the topic of several recent research reports. Wells Fargo & Company increased their price objective on Digital Realty Trust from $170.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Barclays lifted their price target on shares of Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, October 10th. Stifel Nicolaus upped their price objective on shares of Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Argus cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, BMO Capital Markets upgraded shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and upped their price target for the company from $144.00 to $170.00 in a research report on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $157.17.

About Digital Realty Trust

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.