Fairway Wealth LLC Invests $35,000 in Digital Realty Trust, Inc. (NYSE:DLR)

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

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Sierra Ocean LLC purchased a new position in Digital Realty Trust during the 4th quarter worth $29,000. FNY Investment Advisers LLC purchased a new position in Digital Realty Trust during the 4th quarter worth $35,000. Versant Capital Management Inc increased its holdings 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 purchasing an additional 173 shares during the period. Centricity Wealth Management LLC purchased a new position in Digital Realty Trust during the 4th quarter worth $37,000. Finally, First Financial Corp IN purchased a new position in Digital Realty Trust during the 4th quarter worth $42,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

Shares of DLR opened at $145.50 on Tuesday. The stock has a 50-day moving average of $168.03 and a two-hundred day moving average of $170.12. The stock has a market cap of $48.98 billion, a P/E ratio of 89.82, a P/E/G ratio of 4.38 and a beta of 0.65. Digital Realty Trust, Inc. has a one year low of $135.54 and a one year high of $198.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating 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%. As a group, research analysts predict that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.35%. Digital Realty Trust’s payout ratio is currently 301.23%.

Insider Buying and Selling at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

DLR has been the topic of several research reports. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Barclays lifted their price target on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a report on Monday, November 18th. JPMorgan Chase & Co. lifted their price target on Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, February 14th. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their price target for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Finally, Scotiabank upgraded Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target on the stock in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and an average target price of $180.11.

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.