Forte Capital LLC ADV Boosts Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Forte Capital LLC ADV raised its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 73.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,722 shares of the real estate investment trust’s stock after purchasing an additional 4,975 shares during the period. Forte Capital LLC ADV’s holdings in Digital Realty Trust were worth $1,577,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Royal Fund Management LLC raised its position in shares of Digital Realty Trust by 1.2% in the 4th quarter. Royal Fund Management LLC now owns 27,346 shares of the real estate investment trust’s stock valued at $3,680,000 after purchasing an additional 334 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth $271,000. M&T Bank Corp grew its holdings in shares of Digital Realty Trust by 0.9% during the fourth quarter. M&T Bank Corp now owns 114,116 shares of the real estate investment trust’s stock valued at $15,357,000 after buying an additional 1,073 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Digital Realty Trust by 13.5% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 23,761 shares of the real estate investment trust’s stock valued at $3,198,000 after acquiring an additional 2,832 shares during the period. Finally, Amalgamated Bank raised its stake in Digital Realty Trust by 0.4% in the 4th quarter. Amalgamated Bank now owns 76,500 shares of the real estate investment trust’s stock worth $10,295,000 after acquiring an additional 316 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

DLR has been the topic of a number of research reports. Wells Fargo & Company raised Digital Realty Trust from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $135.00 to $155.00 in a report on Tuesday, April 9th. Morgan Stanley lifted their price objective on shares of Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Stifel Nicolaus increased their price objective on shares of Digital Realty Trust from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. HSBC boosted their target price on shares of Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a research report on Friday. Finally, Barclays boosted their price objective on Digital Realty Trust from $110.00 to $119.00 and gave the company an “underweight” rating in a report on Tuesday, March 5th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $142.65.

Digital Realty Trust Price Performance

Shares of DLR stock traded up $6.85 on Friday, reaching $147.00. 3,309,695 shares of the company were exchanged, compared to its average volume of 1,588,043. The company has a market cap of $45.93 billion, a price-to-earnings ratio of 40.83, a P/E/G ratio of 3.34 and a beta of 0.55. Digital Realty Trust, Inc. has a 1 year low of $86.33 and a 1 year high of $154.18. The business has a 50-day moving average price of $142.27 and a 200 day moving average price of $137.31. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $1.22 per share. The ex-dividend date was Thursday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.32%. Digital Realty Trust’s payout ratio is currently 135.56%.

Insider Activity

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

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.