Hsbc Holdings PLC Buys 83,822 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Hsbc Holdings PLC raised its position in shares of Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 7.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,233,284 shares of the real estate investment trust's stock after acquiring an additional 83,822 shares during the quarter. Hsbc Holdings PLC owned about 0.37% of Digital Realty Trust worth $218,455,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Sierra Ocean LLC bought a new position in Digital Realty Trust in the 4th quarter valued at $29,000. FNY Investment Advisers LLC bought a new stake in Digital Realty Trust during the fourth quarter worth about $35,000. Fairway Wealth LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter valued at $35,000. Versant Capital Management Inc increased its stake in Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 173 shares during the period. Finally, Centricity Wealth Management LLC bought a new position in shares of Digital Realty Trust during the fourth quarter valued at about $37,000. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Up 4.1 %

NYSE DLR traded up $6.35 during trading hours on Friday, reaching $160.10. 3,387,601 shares of the company's stock were exchanged, compared to its average volume of 2,048,364. The company has a market capitalization of $53.91 billion, a price-to-earnings ratio of 98.83, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92. The company's 50-day moving average is $150.10 and its two-hundred day moving average is $167.60. Digital Realty Trust, Inc. has a one year low of $129.95 and a one year high of $198.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. On average, analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $1.22 dividend. The ex-dividend date was Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.05%. Digital Realty Trust's dividend payout ratio is currently 301.23%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DLR shares. Citigroup reduced their price target on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Barclays reduced their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research note on Thursday, March 20th. JPMorgan Chase & Co. boosted their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Jefferies Financial Group reissued a "buy" rating and set a $193.00 price objective (up from $190.00) on shares of Digital Realty Trust in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and boosted their price objective for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $183.05.

Digital Realty Trust 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.