Hsbc Holdings PLC Sells 101,275 Shares of Digital Realty Trust, Inc. $DLR

Hsbc Holdings PLC lessened its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 9.4% during the second quarter, Holdings Channel.com reports. The firm owned 977,428 shares of the real estate investment trust’s stock after selling 101,275 shares during the quarter. Hsbc Holdings PLC’s holdings in Digital Realty Trust were worth $170,172,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Motley Fool Asset Management LLC raised its position in shares of Digital Realty Trust by 9.9% in the 2nd quarter. Motley Fool Asset Management LLC now owns 17,208 shares of the real estate investment trust’s stock worth $3,000,000 after purchasing an additional 1,548 shares during the last quarter. Centersquare Investment Management LLC increased its stake in Digital Realty Trust by 2.8% during the 1st quarter. Centersquare Investment Management LLC now owns 3,035,478 shares of the real estate investment trust’s stock valued at $434,954,000 after purchasing an additional 82,420 shares in the last quarter. Arcadia Investment Management Corp MI raised its holdings in Digital Realty Trust by 17.1% in the second quarter. Arcadia Investment Management Corp MI now owns 17,818 shares of the real estate investment trust’s stock worth $3,106,000 after buying an additional 2,600 shares during the last quarter. Ethic Inc. lifted its stake in shares of Digital Realty Trust by 9.1% in the first quarter. Ethic Inc. now owns 34,520 shares of the real estate investment trust’s stock worth $5,042,000 after buying an additional 2,887 shares in the last quarter. Finally, Simon Quick Advisors LLC grew its holdings in shares of Digital Realty Trust by 1,417.7% during the second quarter. Simon Quick Advisors LLC now owns 27,333 shares of the real estate investment trust’s stock valued at $4,765,000 after buying an additional 25,532 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Truist Financial boosted their price objective on shares of Digital Realty Trust from $199.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Daiwa Capital Markets began coverage on Digital Realty Trust in a report on Wednesday, October 22nd. They issued a “buy” rating and a $210.00 target price for the company. Moffett Nathanson upped their price target on Digital Realty Trust from $163.00 to $166.00 and gave the company a “neutral” rating in a report on Monday, October 6th. JPMorgan Chase & Co. lifted their price objective on Digital Realty Trust from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Finally, Morgan Stanley assumed coverage on shares of Digital Realty Trust in a research note on Thursday, October 16th. They set an “equal weight” rating and a $195.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $198.14.

Insider Transactions at Digital Realty Trust

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

Digital Realty Trust Trading Up 0.8%

Shares of NYSE:DLR opened at $160.25 on Friday. The stock has a market capitalization of $55.05 billion, a price-to-earnings ratio of 41.41, a PEG ratio of 4.13 and a beta of 0.96. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.22 and a current ratio of 2.02. The stock’s 50-day simple moving average is $168.93 and its two-hundred day simple moving average is $170.61. Digital Realty Trust, Inc. has a 52-week low of $129.95 and a 52-week high of $198.00.

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

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Monday, December 15th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, December 15th. Digital Realty Trust’s dividend payout ratio (DPR) is 126.10%.

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.