Digital Realty Trust, Inc. (NYSE:DLR) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp reduced its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 6.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,207 shares of the real estate investment trust’s stock after selling 235 shares during the period. Hancock Whitney Corp’s holdings in Digital Realty Trust were worth $519,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in shares of Digital Realty Trust during the 2nd quarter worth approximately $25,000. Gradient Investments LLC increased its stake in shares of 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 valued at $27,000 after purchasing an additional 76 shares in the last quarter. American Capital Advisory LLC acquired a new position in Digital Realty Trust in the 2nd quarter worth about $27,000. Private Ocean LLC acquired a new stake in Digital Realty Trust in the second quarter valued at approximately $27,000. Finally, Asset Dedication LLC purchased a new stake in shares of Digital Realty Trust in the second quarter valued at approximately $31,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on DLR. Truist Financial increased their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Argus cut Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Scotiabank increased their target price on Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Evercore ISI lifted their price target on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $170.37.

Digital Realty Trust Stock Up 0.6 %

Shares of NYSE DLR opened at $193.95 on Wednesday. The firm has a market cap of $64.34 billion, a price-to-earnings ratio of 162.98, a PEG ratio of 5.04 and a beta of 0.59. Digital Realty Trust, Inc. has a 1 year low of $130.00 and a 1 year high of $194.31. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The stock’s 50-day simple moving average is $170.93 and its 200-day simple moving average is $157.26.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the business posted $1.62 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Digital Realty Trust Profile

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.