Tennessee Valley Asset Management Partners Makes New $32,000 Investment in Digital Realty Trust, Inc. (NYSE:DLR)

Tennessee Valley Asset Management Partners bought a new position in Digital Realty Trust, Inc. (NYSE:DLR) in the fourth quarter, HoldingsChannel reports. The fund bought 241 shares of the real estate investment trust’s stock, valued at approximately $32,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Schechter Investment Advisors LLC lifted its position in Digital Realty Trust by 18.5% in the 3rd quarter. Schechter Investment Advisors LLC now owns 3,269 shares of the real estate investment trust’s stock worth $396,000 after buying an additional 511 shares in the last quarter. American Century Companies Inc. lifted its position in Digital Realty Trust by 2.8% in the 3rd quarter. American Century Companies Inc. now owns 720,618 shares of the real estate investment trust’s stock worth $87,209,000 after buying an additional 19,931 shares in the last quarter. Raymond James & Associates lifted its position in Digital Realty Trust by 5.7% in the 4th quarter. Raymond James & Associates now owns 299,551 shares of the real estate investment trust’s stock worth $40,314,000 after buying an additional 16,101 shares in the last quarter. Vanguard Group Inc. lifted its position in Digital Realty Trust by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust’s stock worth $5,735,240,000 after buying an additional 971,032 shares in the last quarter. Finally, Allworth Financial LP lifted its position in Digital Realty Trust by 6,208.6% in the 4th quarter. Allworth Financial LP now owns 43,403 shares of the real estate investment trust’s stock worth $5,841,000 after buying an additional 42,715 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DLR shares. Evercore ISI reiterated an “outperform” rating and issued a $154.00 target price on shares of Digital Realty Trust in a research report on Wednesday, March 27th. Royal Bank of Canada restated an “outperform” rating and set a $144.00 price target on shares of Digital Realty Trust in a report on Friday, February 16th. Scotiabank downgraded shares of Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price target on the stock. in a report on Friday, February 16th. Barclays raised their price target on shares of Digital Realty Trust from $110.00 to $119.00 and gave the company an “underweight” rating in a report on Tuesday, March 5th. Finally, Citigroup raised their price target on shares of Digital Realty Trust from $154.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $143.33.

Insider Transactions at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the business’s 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 transaction, the director now owns 8,413 shares in the company, valued at approximately $1,224,091.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.39% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $138.51 on Wednesday. The firm’s 50-day moving average is $141.85 and its 200-day moving average is $136.45. Digital Realty Trust, Inc. has a 52-week low of $86.33 and a 52-week high of $154.18. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $43.26 billion, a price-to-earnings ratio of 46.64, a PEG ratio of 3.11 and a beta of 0.54.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders 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 annualized dividend and a dividend yield of 3.52%. Digital Realty Trust’s payout ratio is 164.31%.

Digital Realty Trust 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.