The shares of this Real Estate Investment Trust were just upgraded to ‘Strong Buy’ at Raymond James and TD Securities to ‘Buy’. The shares have a current annual dividend yield of 3.02%, paid quarterly.
Buy: Digital Realty Trust, Inc. (DLR)
From Cabot Dividend Investor
I like Digital Realty Trust and I like it now. Data centers are a growing business. Earnings and the stock should continue to benefit from that fact, as they always have. The stock tends to bounce up and down on an upward trend and it’s at a low point now. DLR fell below the 50-week moving average. Every time that has happened over the past several years, the stock has come back and rallied strongly. With a beta just 0.11, it doesn’t really care what the overall market does as well. And I’m not afraid to own it if the market turns south. BUY.
Tom Hutchinson, Cabot Dividend Investor, cabotwealth.com, 978-745-5532, January 27, 2021
Sell: B&G Foods, Inc. (BGS)
From Cabot Dividend Investor
Updated from WSBI 834, October 15, 2020
These are strange days indeed for packaged food company B&G Foods’ stock. I honestly don’t know if the stock will continue to forge ever higher for a while, or if it will come crashing down in 5 minutes. But I’m not going to stick around to find out. I’m content to take the 80% profit here instead of speculating about what these pajama boys might do next. SELL.
Tom Hutchinson, Cabot Dividend Investor, cabotwealth.com, 978-745-5532, January 27, 2021