Westpac Banking Corp Sells 4,087 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Westpac Banking Corp cut its holdings in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 13.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,649 shares of the real estate investment trust's stock after selling 4,087 shares during the period. Westpac Banking Corp's holdings in Digital Realty Trust were worth $4,548,000 as of its most recent SEC filing.

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

Digital Realty Trust Trading Down 2.6 %

NYSE DLR traded down $3.64 on Friday, hitting $137.45. 3,800,290 shares of the stock were exchanged, compared to its average volume of 1,998,828. The stock has a fifty day moving average price of $156.26 and a two-hundred day moving average price of $169.20. The firm has a market capitalization of $46.27 billion, a P/E ratio of 84.85, a P/E/G ratio of 4.38 and a beta of 0.92. 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, Inc. has a 52-week low of $135.53 and a 52-week high of $198.00.

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

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $1.22 per share. The ex-dividend date was Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.55%. Digital Realty Trust's dividend payout ratio (DPR) is 301.23%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. UBS Group raised shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and lifted their price target for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. JPMorgan Chase & Co. increased their price target on Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Scotiabank raised Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 price target on the stock in a report on Tuesday, February 18th. Citizens Jmp raised Digital Realty Trust to a "strong-buy" rating in a research note on Monday, January 27th. Finally, Wells Fargo & Company lowered their price target on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $184.33.

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.