Hsbc Holdings PLC Has $12.97 Million Stake in DIGITAL RLTY TR/SH (DLR)

Hsbc Holdings PLC reduced its position in DIGITAL RLTY TR/SH (NYSE:DLR) by 1.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 115,323 shares of the real estate investment trust’s stock after selling 2,155 shares during the quarter. Hsbc Holdings PLC’s holdings in DIGITAL RLTY TR/SH were worth $12,971,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DLR. Janney Montgomery Scott LLC increased its stake in DIGITAL RLTY TR/SH by 6.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 15,634 shares of the real estate investment trust’s stock worth $1,744,000 after buying an additional 959 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in DIGITAL RLTY TR/SH during the 2nd quarter worth $269,000. State of New Jersey Common Pension Fund D purchased a new stake in DIGITAL RLTY TR/SH during the 2nd quarter worth $1,116,000. Raymond James Financial Services Advisors Inc. grew its holdings in DIGITAL RLTY TR/SH by 1.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 80,589 shares of the real estate investment trust’s stock worth $8,993,000 after acquiring an additional 1,442 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. grew its holdings in DIGITAL RLTY TR/SH by 0.3% during the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 174,930 shares of the real estate investment trust’s stock worth $19,519,000 after acquiring an additional 524 shares in the last quarter. 99.10% of the stock is currently owned by institutional investors and hedge funds.

In other news, CTO Christopher Sharp sold 5,000 shares of DIGITAL RLTY TR/SH stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $110.00, for a total value of $550,000.00. Following the completion of the transaction, the chief technology officer now directly owns 6,062 shares of the company’s stock, valued at approximately $666,820. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.43% of the company’s stock.

NYSE DLR opened at $115.89 on Tuesday. DIGITAL RLTY TR/SH has a one year low of $96.56 and a one year high of $125.10. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $23.73 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 2.53 and a beta of 0.44.

DIGITAL RLTY TR/SH (NYSE:DLR) last posted its quarterly earnings results on Thursday, October 25th. The real estate investment trust reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($1.29). DIGITAL RLTY TR/SH had a net margin of 11.78% and a return on equity of 3.96%. The business had revenue of $768.92 million during the quarter, compared to analyst estimates of $773.08 million. Equities analysts forecast that DIGITAL RLTY TR/SH will post 6.6 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Friday, December 14th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Thursday, December 13th. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is presently 65.80%.

Several brokerages have weighed in on DLR. Zacks Investment Research lowered shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Credit Suisse Group set a $130.00 price objective on shares of DIGITAL RLTY TR/SH and gave the stock a “hold” rating in a report on Wednesday, August 8th. Berenberg Bank began coverage on shares of DIGITAL RLTY TR/SH in a report on Thursday, September 20th. They set a “hold” rating and a $127.00 price objective for the company. Royal Bank of Canada reissued a “buy” rating and set a $131.00 price objective on shares of DIGITAL RLTY TR/SH in a report on Monday, August 13th. Finally, Guggenheim raised shares of DIGITAL RLTY TR/SH from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a report on Monday, October 22nd. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $125.47.

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About DIGITAL RLTY TR/SH

Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.

Featured Article: Exchange-Traded Funds (ETFs)

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Institutional Ownership by Quarter for DIGITAL RLTY TR/SH (NYSE:DLR)

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