Fernwood Investment Management LLC Makes New Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Fernwood Investment Management LLC bought a new stake in Digital Realty Trust, Inc. (NYSE:DLR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,646 shares of the real estate investment trust’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Baldwin Brothers LLC MA lifted its position in shares of Digital Realty Trust by 528.6% during the fourth quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 185 shares in the last quarter. Operose Advisors LLC acquired a new stake in shares of Digital Realty Trust in the 3rd quarter valued at $27,000. Bfsg LLC bought a new stake in shares of Digital Realty Trust during the fourth quarter worth $31,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Digital Realty Trust during the fourth quarter valued at $32,000. Finally, Tennessee Valley Asset Management Partners bought a new position in Digital Realty Trust in the fourth quarter valued at about $32,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Down 1.3 %

DLR stock traded down $1.83 during mid-day trading on Tuesday, hitting $140.51. 244,559 shares of the company were exchanged, compared to its average volume of 1,936,801. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.14 and a current ratio of 1.14. Digital Realty Trust, Inc. has a 1-year low of $86.33 and a 1-year high of $154.18. The firm’s 50 day simple moving average is $141.93 and its 200 day simple moving average is $137.01. The firm has a market cap of $43.88 billion, a P/E ratio of 47.94, a P/E/G ratio of 3.25 and a beta of 0.54.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $1.22 dividend. The ex-dividend date was Thursday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.47%. Digital Realty Trust’s dividend payout ratio is currently 164.31%.

Insider Buying and Selling

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total transaction of $494,700.00. Following the completion of the transaction, the director now directly owns 8,413 shares in the company, valued at $1,224,091.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on DLR. Evercore ISI reissued an “outperform” rating and set a $154.00 price objective on shares of Digital Realty Trust in a report on Wednesday, March 27th. Barclays raised their price objective on shares of Digital Realty Trust from $110.00 to $119.00 and gave the company an “underweight” rating in a research note on Tuesday, March 5th. Morgan Stanley upped their target price on shares of Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. raised their price target on Digital Realty Trust from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $144.00 price objective on shares of Digital Realty Trust in a report on Friday, February 16th. Three analysts have rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $143.33.

Digital Realty Trust Company Profile

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.