Sheets Smith Wealth Management Acquires New Shares in Digital Realty Trust, Inc. (NYSE:DLR)

Sheets Smith Wealth Management acquired a new stake in Digital Realty Trust, Inc. (NYSE:DLR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,108 shares of the real estate investment trust’s stock, valued at approximately $2,302,000.

Other large investors have also recently added to or reduced their stakes in the company. Operose Advisors LLC purchased a new stake in Digital Realty Trust in the third quarter valued at approximately $27,000. Baldwin Brothers LLC MA raised its position in Digital Realty Trust by 528.6% in the fourth quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 185 shares during the period. Bfsg LLC purchased a new stake in Digital Realty Trust in the fourth quarter valued at approximately $31,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Digital Realty Trust in the fourth quarter valued at approximately $32,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in Digital Realty Trust in the fourth quarter valued at approximately $32,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total transaction of $494,700.00. Following the completion of the sale, the director now owns 8,413 shares in the company, valued at $1,224,091.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DLR. StockNews.com lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Morgan Stanley upped their price objective on Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Stifel Nicolaus upped their price objective on Digital Realty Trust from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Wells Fargo & Company raised Digital Realty Trust from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $135.00 to $155.00 in a research report on Tuesday, April 9th. Finally, Citigroup upped their price objective on Digital Realty Trust from $154.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $142.65.

Digital Realty Trust Stock Performance

NYSE DLR traded up $6.85 during trading hours on Friday, hitting $147.00. The company had a trading volume of 3,309,695 shares, compared to its average volume of 1,588,043. 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 company has a market cap of $45.93 billion, a PE ratio of 40.83, a price-to-earnings-growth ratio of 3.34 and a beta of 0.55. The business has a 50 day moving average of $142.27 and a 200-day moving average of $137.52.

Digital Realty Trust Announces Dividend

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

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.