Hancock Whitney Corp Decreases Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Hancock Whitney Corp decreased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 8.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,442 shares of the real estate investment trust’s stock after selling 320 shares during the period. Hancock Whitney Corp’s holdings in Digital Realty Trust were worth $523,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DLR. Legacy Financial Advisors Inc. purchased a new stake in shares of Digital Realty Trust during the second quarter valued at approximately $208,000. Ensign Peak Advisors Inc raised its holdings in Digital Realty Trust by 84.7% during the 2nd quarter. Ensign Peak Advisors Inc now owns 33,699 shares of the real estate investment trust’s stock valued at $5,124,000 after buying an additional 15,450 shares during the last quarter. Summit Trail Advisors LLC purchased a new stake in Digital Realty Trust during the 2nd quarter valued at $219,000. Thrivent Financial for Lutherans grew its holdings in Digital Realty Trust by 0.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 62,360 shares of the real estate investment trust’s stock worth $9,482,000 after acquiring an additional 324 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of Digital Realty Trust by 11.2% in the second quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust’s stock valued at $222,886,000 after acquiring an additional 147,689 shares during the period. Institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the sale, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.17% of the stock is currently owned by company insiders.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $160.87 on Tuesday. The company has a 50 day simple moving average of $152.18 and a two-hundred day simple moving average of $147.37. Digital Realty Trust, Inc. has a fifty-two week low of $113.94 and a fifty-two week high of $162.58. The company has a market capitalization of $50.26 billion, a price-to-earnings ratio of 44.69, a P/E/G ratio of 5.06 and a beta of 0.60. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78.

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

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Friday, September 13th. Digital Realty Trust’s dividend payout ratio is presently 135.56%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DLR shares. Mizuho initiated coverage on shares of Digital Realty Trust in a report on Thursday, July 11th. They set an “outperform” rating and a $170.00 target price for the company. TD Cowen cut their price objective on Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Barclays upped their target price on Digital Realty Trust from $123.00 to $130.00 and gave the company an “underweight” rating in a report on Wednesday, July 24th. Argus lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada boosted their price objective on shares of Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $154.00.

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.