Digital Realty Trust, Inc. $DLR Shares Sold by Westpac Banking Corp

Westpac Banking Corp cut its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,999 shares of the real estate investment trust’s stock after selling 984 shares during the quarter. Westpac Banking Corp’s holdings in Digital Realty Trust were worth $4,009,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bison Wealth LLC increased its position in Digital Realty Trust by 17.2% during the fourth quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock worth $471,000 after purchasing an additional 390 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Digital Realty Trust by 45.2% during the 1st quarter. Larson Financial Group LLC now owns 424 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 132 shares during the period. Graypoint LLC lifted its holdings in Digital Realty Trust by 4.5% in the first quarter. Graypoint LLC now owns 2,479 shares of the real estate investment trust’s stock valued at $355,000 after acquiring an additional 106 shares during the last quarter. Kestra Private Wealth Services LLC grew its position in Digital Realty Trust by 14.4% in the first quarter. Kestra Private Wealth Services LLC now owns 16,551 shares of the real estate investment trust’s stock worth $2,372,000 after acquiring an additional 2,079 shares during the period. Finally, IFP Advisors Inc raised its position in Digital Realty Trust by 1,535.0% in the first quarter. IFP Advisors Inc now owns 9,630 shares of the real estate investment trust’s stock valued at $1,380,000 after purchasing an additional 9,041 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Barclays raised their price target on Digital Realty Trust from $141.00 to $161.00 and gave the stock an “underweight” rating in a research report on Monday, October 27th. Wall Street Zen lowered shares of Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Citigroup lifted their price objective on shares of Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Moffett Nathanson raised their price target on shares of Digital Realty Trust from $163.00 to $166.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Finally, Cowen restated a “hold” rating on shares of Digital Realty Trust in a research note on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $198.14.

Digital Realty Trust Price Performance

DLR stock opened at $158.30 on Friday. The business has a 50 day moving average price of $171.44 and a 200 day moving average price of $171.12. The company has a quick ratio of 2.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.80. The stock has a market cap of $54.38 billion, a price-to-earnings ratio of 40.90, a PEG ratio of 4.13 and a beta of 0.96. Digital Realty Trust, Inc. has a fifty-two week low of $129.95 and a fifty-two week high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.15 EPS for the quarter. The company had revenue of $1.58 billion for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. Equities research analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Monday, December 15th will be given a $1.22 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.88 dividend on an annualized basis and a yield of 3.1%. Digital Realty Trust’s payout ratio is 126.10%.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.