Fernwood Investment Management LLC Has $363,000 Stake in Digital Realty Trust, Inc. (DLR)
Fernwood Investment Management LLC decreased its position in Digital Realty Trust, Inc. (NYSE:DLR) by 8.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,215 shares of the real estate investment trust’s stock after selling 310 shares during the period. Fernwood Investment Management LLC’s holdings in Digital Realty Trust were worth $363,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in DLR. Moloney Securities Asset Management LLC increased its position in Digital Realty Trust by 18.0% in the first quarter. Moloney Securities Asset Management LLC now owns 9,737 shares of the real estate investment trust’s stock worth $1,036,000 after buying an additional 1,484 shares in the last quarter. IFP Advisors Inc increased its position in Digital Realty Trust by 17.8% in the first quarter. IFP Advisors Inc now owns 5,816 shares of the real estate investment trust’s stock worth $619,000 after buying an additional 880 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Digital Realty Trust by 16.8% in the first quarter. Janney Montgomery Scott LLC now owns 36,109 shares of the real estate investment trust’s stock worth $3,842,000 after buying an additional 5,193 shares in the last quarter. Korea Investment CORP increased its position in Digital Realty Trust by 8.0% in the first quarter. Korea Investment CORP now owns 449,323 shares of the real estate investment trust’s stock worth $47,803,000 after buying an additional 33,123 shares in the last quarter. Finally, Sigma Planning Corp increased its position in Digital Realty Trust by 7.5% in the first quarter. Sigma Planning Corp now owns 7,357 shares of the real estate investment trust’s stock worth $783,000 after buying an additional 513 shares in the last quarter.
Shares of Digital Realty Trust, Inc. (DLR) opened at 116.49 on Thursday. The company’s 50-day moving average is $113.30 and its 200-day moving average is $111.37. Digital Realty Trust, Inc. has a 12-month low of $85.63 and a 12-month high of $121.53. The firm has a market capitalization of $18.89 billion, a price-to-earnings ratio of 47.32 and a beta of -0.03.
Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.05. The firm had revenue of $565.99 million during the quarter, compared to analysts’ expectations of $559.93 million. Digital Realty Trust had a net margin of 21.27% and a return on equity of 12.39%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.42 EPS. On average, equities analysts forecast that Digital Realty Trust, Inc. will post $1.57 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.19%. The ex-dividend date is Thursday, September 14th. Digital Realty Trust’s payout ratio is currently 148.21%.
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A number of equities analysts have weighed in on DLR shares. Wells Fargo & Company downgraded shares of Digital Realty Trust from an “outperform” rating to a “market perform” rating and set a $118.00 price target on the stock. in a research note on Wednesday, May 17th. Zacks Investment Research downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $127.00 price target on shares of Digital Realty Trust in a research note on Thursday, June 8th. Cowen and Company raised shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $106.00 to $126.00 in a research note on Monday, June 12th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $123.00 price target (up previously from $120.00) on shares of Digital Realty Trust in a research note on Wednesday, April 19th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Digital Realty Trust has an average rating of “Buy” and an average target price of $116.67.
In related news, SVP Joshua A. Mills sold 9,211 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $120.00, for a total transaction of $1,105,320.00. Following the completion of the transaction, the senior vice president now directly owns 13,377 shares in the company, valued at approximately $1,605,240. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William G. Laperch bought 1,200 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were bought at an average price of $25.00 per share, with a total value of $30,000.00. Following the completion of the purchase, the director now owns 1,200 shares in the company, valued at $30,000. The disclosure for this purchase can be found here. 0.40% of the stock is owned by corporate insiders.
About Digital Realty Trust
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
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