Westpac Banking Corp Sells 53,804 Shares of Digital Realty Trust, Inc. (DLR)

Westpac Banking Corp decreased its stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 48.2% during the fourth quarter, HoldingsChannel reports. The firm owned 57,903 shares of the real estate investment trust’s stock after selling 53,804 shares during the period. Westpac Banking Corp’s holdings in Digital Realty Trust were worth $6,595,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Carret Asset Management LLC lifted its holdings in Digital Realty Trust by 1.0% during the 2nd quarter. Carret Asset Management LLC now owns 3,236 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 31 shares in the last quarter. Scotia Capital Inc. increased its stake in Digital Realty Trust by 1.7% in the 2nd quarter. Scotia Capital Inc. now owns 10,399 shares of the real estate investment trust’s stock worth $1,175,000 after acquiring an additional 170 shares during the last quarter. Albion Financial Group UT increased its stake in Digital Realty Trust by 1.3% in the 2nd quarter. Albion Financial Group UT now owns 19,401 shares of the real estate investment trust’s stock worth $2,191,000 after acquiring an additional 255 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in Digital Realty Trust by 1.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 19,340 shares of the real estate investment trust’s stock worth $2,184,000 after acquiring an additional 292 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in Digital Realty Trust by 1.2% in the 2nd quarter. Lazard Asset Management LLC now owns 27,338 shares of the real estate investment trust’s stock worth $3,087,000 after acquiring an additional 313 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust, Inc. (NYSE DLR) opened at $107.30 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $22,044.03, a PE ratio of 86.53, a PEG ratio of 2.18 and a beta of -0.09. Digital Realty Trust, Inc. has a 1 year low of $101.70 and a 1 year high of $127.23.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.51 EPS for the quarter, beating the consensus estimate of $0.40 by $1.11. The firm had revenue of $609.90 million for the quarter, compared to analyst estimates of $595.49 million. Digital Realty Trust had a return on equity of 5.15% and a net margin of 11.71%. The company’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.44 EPS. sell-side analysts anticipate that Digital Realty Trust, Inc. will post 6.1 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 15th were given a dividend of $0.93 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $3.72 annualized dividend and a dividend yield of 3.47%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 300.00%.

A number of equities analysts have weighed in on DLR shares. SunTrust Banks restated a “buy” rating and issued a $140.00 target price on shares of Digital Realty Trust in a research note on Thursday, October 12th. Zacks Investment Research upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a research note on Wednesday, October 11th. KeyCorp set a $130.00 target price on Digital Realty Trust and gave the stock a “buy” rating in a research note on Sunday, October 29th. ValuEngine upgraded Digital Realty Trust from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Deutsche Bank upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $123.40.

TRADEMARK VIOLATION NOTICE: “Westpac Banking Corp Sells 53,804 Shares of Digital Realty Trust, Inc. (DLR)” was originally posted by Ticker Report and is the property of of Ticker Report. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://www.tickerreport.com/banking-finance/3148779/westpac-banking-corp-sells-53804-shares-of-digital-realty-trust-inc-dlr.html.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.

Want to see what other hedge funds are holding DLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Digital Realty Trust, Inc. (NYSE:DLR).

Institutional Ownership by Quarter for Digital Realty Trust (NYSE:DLR)

Receive News & Ratings for Digital Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.