Westpac Banking Corp increased its position in shares of Digital Realty Trust Inc. (NYSE:DLR) by 319.9% during the second quarter, Holdings Channel reports. The firm owned 48,317 shares of the real estate investment trust’s stock after buying an additional 36,810 shares during the period. Westpac Banking Corp’s holdings in Digital Realty Trust were worth $5,140,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Architects Inc bought a new position in shares of Digital Realty Trust during the second quarter worth approximately $200,000. W.G. Shaheen & Associates DBA Whitney & Co bought a new position in shares of Digital Realty Trust during the second quarter worth approximately $200,000. BLB&B Advisors LLC bought a new position in shares of Digital Realty Trust during the second quarter worth approximately $211,000. Calamos Advisors LLC bought a new position in shares of Digital Realty Trust during the second quarter worth approximately $213,000. Finally, First Financial Bank N.A. Trust Division bought a new position in shares of Digital Realty Trust during the second quarter worth approximately $234,000.

Digital Realty Trust Inc. (NYSE:DLR) opened at 96.705 on Thursday. The company has a market cap of $14.20 billion, a P/E ratio of 214.900 and a beta of 0.34. Digital Realty Trust Inc. has a 1-year low of $62.42 and a 1-year high of $113.21. The stock’s 50 day moving average is $99.09 and its 200 day moving average is $96.83.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, July 28th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.04. The firm earned $514.90 million during the quarter, compared to the consensus estimate of $507.72 million. Digital Realty Trust had a net margin of 7.82% and a return on equity of 5.02%. The company’s revenue was up 22.5% on a year-over-year basis. During the same quarter last year, the company earned $1.30 earnings per share. Equities analysts anticipate that Digital Realty Trust Inc. will post $5.71 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a dividend of $0.88 per share. The ex-dividend date is Tuesday, September 13th. This represents a $3.52 annualized dividend and a yield of 3.69%. Digital Realty Trust’s dividend payout ratio is currently 765.22%.

A number of brokerages have issued reports on DLR. Wells Fargo & Co. began coverage on shares of Digital Realty Trust in a research report on Tuesday, May 31st. They set an “outperform” rating on the stock. SunTrust Banks Inc. began coverage on shares of Digital Realty Trust in a research report on Thursday, July 21st. They set a “buy” rating and a $125.00 target price on the stock. Jefferies Group decreased their target price on shares of Digital Realty Trust from $115.00 to $109.00 and set a “hold” rating on the stock in a research report on Thursday, August 11th. TheStreet lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, Barclays PLC increased their target price on shares of Digital Realty Trust from $118.00 to $126.00 and gave the stock an “overweight” rating in a research report on Friday, August 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. Digital Realty Trust has an average rating of “Hold” and a consensus price target of $97.35.

In related news, insider Edward F. Sham sold 14,701 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $92.50, for a total transaction of $1,359,842.50. Following the completion of the transaction, the insider now owns 19,039 shares of the company’s stock, valued at $1,761,107.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Joshua A. Mills sold 4,519 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $92.22, for a total transaction of $416,742.18. Following the transaction, the senior vice president now directly owns 8,685 shares of the company’s stock, valued at approximately $800,930.70. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company owns, acquires, develops and manages technology-related real estate. 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.

5 Day Chart for NYSE:DLR

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