241 Shares in Digital Realty Trust, Inc. (NYSE:DLR) Purchased by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners purchased a new position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 241 shares of the real estate investment trust’s stock, valued at approximately $32,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DLR. Resolution Capital Ltd raised its position in shares of Digital Realty Trust by 106.7% during the 3rd quarter. Resolution Capital Ltd now owns 2,351,113 shares of the real estate investment trust’s stock worth $284,532,000 after purchasing an additional 1,213,526 shares during the last quarter. Vanguard Group Inc. raised its holdings 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 valued at $5,735,240,000 after acquiring an additional 971,032 shares during the last quarter. FMR LLC raised its holdings in Digital Realty Trust by 4.8% in the 3rd quarter. FMR LLC now owns 8,647,509 shares of the real estate investment trust’s stock valued at $1,046,522,000 after acquiring an additional 394,682 shares during the last quarter. Wellington Management Group LLP raised its holdings in Digital Realty Trust by 1,825.0% in the 3rd quarter. Wellington Management Group LLP now owns 401,775 shares of the real estate investment trust’s stock valued at $48,623,000 after acquiring an additional 380,904 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in Digital Realty Trust in the 3rd quarter valued at $34,561,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DLR shares. Morgan Stanley boosted their price target on Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. Wells Fargo & Company raised shares of Digital Realty Trust from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $135.00 to $155.00 in a research note on Tuesday, April 9th. Raymond James boosted their price objective on shares of Digital Realty Trust from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research note on Friday, February 16th. StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Finally, Barclays boosted their price objective on shares of Digital Realty Trust from $110.00 to $119.00 and gave the company an “underweight” rating in a research note on Tuesday, March 5th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $143.33.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $138.51 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a 50-day moving average of $141.85 and a two-hundred day moving average of $136.45. The stock has a market cap of $43.26 billion, a P/E ratio of 46.64, a PEG ratio of 3.11 and a beta of 0.54. Digital Realty Trust, Inc. has a 1-year low of $86.33 and a 1-year high of $154.18.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $1.22 dividend. The ex-dividend date was Thursday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.52%. Digital Realty Trust’s payout ratio is currently 164.31%.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were 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 is accessible through this link. 0.39% of the stock is currently owned by corporate insiders.

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.