Fairway Wealth LLC Purchases New Position in Digital Realty Trust, Inc. (NYSE:DLR)

Fairway Wealth LLC acquired a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 200 shares of the real estate investment trust’s stock, valued at approximately $35,000.

Other large investors also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new stake in Digital Realty Trust during the 4th quarter worth approximately $29,000. FNY Investment Advisers LLC purchased a new stake in Digital Realty Trust during the 4th quarter worth approximately $35,000. Versant Capital Management Inc increased its stake in Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 173 shares in the last quarter. Centricity Wealth Management LLC purchased a new stake in Digital Realty Trust during the 4th quarter worth approximately $37,000. Finally, First Financial Corp IN purchased a new stake in Digital Realty Trust during the 4th quarter worth approximately $42,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.17% of the stock is owned by insiders.

Digital Realty Trust Stock Down 2.5 %

NYSE:DLR opened at $145.50 on Tuesday. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The stock’s fifty day moving average is $168.03 and its two-hundred day moving average is $170.12. Digital Realty Trust, Inc. has a 52 week low of $135.54 and a 52 week high of $198.00. The stock has a market capitalization of $48.98 billion, a price-to-earnings ratio of 89.82, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 301.23%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. StockNews.com lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. JPMorgan Chase & Co. boosted their target price on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Barclays boosted their target price on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a report on Monday, November 18th. Finally, JMP Securities restated a “market outperform” rating and set a $220.00 target price on shares of Digital Realty Trust in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and an average price target of $180.11.

Digital Realty Trust 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.