Westpac Banking Corp Boosts Stake in Digital Realty Trust, Inc. (DLR)

Westpac Banking Corp grew its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 338.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,707 shares of the real estate investment trust’s stock after purchasing an additional 86,206 shares during the period. Westpac Banking Corp owned approximately 0.07% of Digital Realty Trust worth $13,218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of DLR. Teachers Advisors LLC boosted its position in shares of Digital Realty Trust by 5.5% during the 1st quarter. Teachers Advisors LLC now owns 424,483 shares of the real estate investment trust’s stock valued at $45,161,000 after purchasing an additional 21,994 shares in the last quarter. Gotham Asset Management LLC boosted its position in shares of Digital Realty Trust by 286.6% during the 1st quarter. Gotham Asset Management LLC now owns 15,669 shares of the real estate investment trust’s stock valued at $1,667,000 after purchasing an additional 11,616 shares in the last quarter. Private Asset Management Inc. bought a new position in shares of Digital Realty Trust during the 2nd quarter valued at about $282,000. KAMES CAPITAL plc boosted its position in shares of Digital Realty Trust by 27.0% during the 2nd quarter. KAMES CAPITAL plc now owns 11,196 shares of the real estate investment trust’s stock valued at $1,265,000 after purchasing an additional 2,382 shares in the last quarter. Finally, Capital One National Association boosted its position in shares of Digital Realty Trust by 4.1% during the 2nd quarter. Capital One National Association now owns 16,321 shares of the real estate investment trust’s stock valued at $1,843,000 after purchasing an additional 650 shares in the last quarter.

In other Digital Realty Trust news, Director William G. Laperch acquired 1,200 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was acquired at an average cost of $25.00 per share, for a total transaction of $30,000.00. Following the transaction, the director now owns 1,200 shares of the company’s stock, valued at $30,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher Sharp sold 25,733 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $116.44, for a total value of $2,996,350.52. Following the completion of the transaction, the insider now owns 25,733 shares of the company’s stock, valued at $2,996,350.52. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Digital Realty Trust, Inc. (NYSE DLR) traded down 1.13% during mid-day trading on Wednesday, hitting $117.10. 240,199 shares of the stock were exchanged. The stock has a market capitalization of $18.99 billion, a P/E ratio of 47.56 and a beta of 0.01. Digital Realty Trust, Inc. has a 12-month low of $85.63 and a 12-month high of $127.23. The firm has a 50-day moving average price of $118.97 and a 200-day moving average price of $116.25.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $1.11. Digital Realty Trust had a return on equity of 5.15% and a net margin of 11.71%. The business had revenue of $609.90 million during the quarter, compared to analyst estimates of $595.49 million. During the same period in the previous year, the firm earned $1.44 EPS. Digital Realty Trust’s quarterly revenue was up 11.6% compared to the same quarter last year. Equities analysts predict that Digital Realty Trust, Inc. will post $1.46 earnings per share for the current fiscal year.

DLR has been the subject of several research reports. Cowen and Company restated a “buy” rating and set a $126.00 price objective on shares of Digital Realty Trust in a research report on Friday, August 25th. Barclays PLC restated a “buy” rating and set a $132.00 price objective on shares of Digital Realty Trust in a research report on Friday, September 8th. ValuEngine lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Zacks Investment Research lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, KeyCorp restated a “buy” rating and set a $130.00 price objective on shares of Digital Realty Trust in a research report on Friday, August 25th. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $124.00.

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About Digital Realty Trust

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.

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

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