Hsbc Holdings PLC Buys 209,672 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Hsbc Holdings PLC raised its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 22.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,163,948 shares of the real estate investment trust’s stock after purchasing an additional 209,672 shares during the quarter. Hsbc Holdings PLC owned 0.37% of Digital Realty Trust worth $177,019,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new stake in Digital Realty Trust during the 2nd quarter valued at $25,000. American Capital Advisory LLC purchased a new stake in Digital Realty Trust in the second quarter worth $27,000. Private Ocean LLC purchased a new position in Digital Realty Trust during the 2nd quarter valued at $27,000. Gradient Investments LLC raised its holdings in Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 76 shares in the last quarter. Finally, Rise Advisors LLC boosted its stake in shares of Digital Realty Trust by 1,125.0% during the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 180 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $157.63 on Wednesday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. The stock’s fifty day moving average is $152.07 and its two-hundred day moving average is $147.15. Digital Realty Trust, Inc. has a 52 week low of $113.94 and a 52 week high of $162.58. The company has a market capitalization of $49.25 billion, a PE ratio of 43.79, a price-to-earnings-growth ratio of 5.06 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.68 earnings per share. As a group, analysts expect that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.10%. Digital Realty Trust’s payout ratio is 135.56%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wells Fargo & Company raised their price target on Digital Realty Trust from $155.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Truist Financial upped their price target on Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. BMO Capital Markets raised shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and raised their target price for the company from $144.00 to $170.00 in a research note on Wednesday, June 26th. Barclays raised their price target on Digital Realty Trust from $123.00 to $130.00 and gave the company an “underweight” rating in a report on Wednesday, July 24th. Finally, The Goldman Sachs Group assumed coverage on shares of Digital Realty Trust in a report on Monday, July 1st. They issued a “buy” rating and a $175.00 target price for the company. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $154.00.

Insider Buying and Selling

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the transaction, the director now owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is owned by insiders.

About Digital Realty Trust

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.