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

Westpac Banking Corp lowered its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 4.1% in the second quarter, Holdings Channel reports. The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Tobam purchased a new position in shares of Digital Realty Trust during the second quarter worth about $28,000. Greykasell Wealth Strategies Inc. acquired a new stake in Digital Realty Trust during the 1st quarter worth approximately $26,000. AdvisorShares Investments LLC purchased a new position in shares of Digital Realty Trust in the 2nd quarter valued at approximately $32,000. NewSquare Capital LLC increased its holdings in shares of Digital Realty Trust by 149.3% in the second quarter. NewSquare Capital LLC now owns 187 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 112 shares during the period. Finally, AlphaQuest LLC lifted its holdings in shares of Digital Realty Trust by 163.5% during the second quarter. AlphaQuest LLC now owns 195 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 121 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Trading Up 0.1%

Shares of Digital Realty Trust stock opened at $158.30 on Friday. The company has a 50-day moving average of $171.44 and a two-hundred day moving average of $171.12. Digital Realty Trust, Inc. has a 12-month low of $129.95 and a 12-month high of $198.00. The company has a current ratio of 2.02, a quick ratio of 2.22 and a debt-to-equity ratio of 0.80. The stock has a market cap of $54.38 billion, a PE ratio of 40.90, a price-to-earnings-growth ratio of 4.13 and a beta of 0.96.

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

Digital Realty Trust Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DLR shares. Citigroup boosted their price objective on shares of Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Wolfe Research raised shares of Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 target price on the stock in a report on Monday, October 20th. Stifel Nicolaus set a $210.00 price target on shares of Digital Realty Trust in a report on Friday, October 24th. Moffett Nathanson raised their price objective 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, Wells Fargo & Company boosted their target price on Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $198.14.

Insider Activity

In related news, CEO Andrew Power sold 53,269 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.13% of the stock is owned by company insiders.

About Digital Realty Trust

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.