Choreo LLC Acquires 404 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Choreo LLC boosted its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 9.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,801 shares of the real estate investment trust’s stock after purchasing an additional 404 shares during the quarter. Choreo LLC’s holdings in Digital Realty Trust were worth $652,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Operose Advisors LLC bought a new position in shares of Digital Realty Trust during the 3rd quarter valued at approximately $27,000. Baldwin Brothers LLC MA boosted its position in shares of Digital Realty Trust by 528.6% during the 4th quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 185 shares during the last quarter. Bfsg LLC bought a new position in shares of Digital Realty Trust during the 4th quarter valued at approximately $31,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Digital Realty Trust during the 4th quarter valued at approximately $32,000. Finally, Tennessee Valley Asset Management Partners bought a new position in shares of Digital Realty Trust during the 4th quarter valued at approximately $32,000. 99.71% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was 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 $1,224,091.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DLR shares. StockNews.com downgraded Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Morgan Stanley raised their price target 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. Wells Fargo & Company upgraded Digital Realty Trust from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $135.00 to $155.00 in a research report on Tuesday, April 9th. Scotiabank downgraded Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price target for the company. in a research report on Friday, February 16th. Finally, Evercore ISI restated an “outperform” rating and issued a $154.00 price target on shares of Digital Realty Trust in a research report on Wednesday, March 27th. Three research analysts have rated the stock with a sell rating, five have assigned 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 company currently has an average rating of “Hold” and an average target price of $143.33.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $137.99 on Thursday. The firm has a market cap of $43.11 billion, a P/E ratio of 46.46, a P/E/G ratio of 3.23 and a beta of 0.54. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.92. Digital Realty Trust, Inc. has a 12 month low of $86.33 and a 12 month high of $154.18. The stock’s fifty day moving average price is $142.05 and its 200-day moving average price is $137.13.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid 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 3.54%. Digital Realty Trust’s dividend payout ratio is currently 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.