ProShare Advisors Reduces Stake in Digital Realty Trust

ProShare Advisors LLC has sold 21.9% of its stake in Digital Realty Trust, Inc. during the first quarter of this year, according to a Form 13F filing with the SEC. The hedge fund now owns 55,541 shares of the real estate investment trust’s stock, with a value of $5.46 million. Other institutional investors, including Continuum Advisory LLC and Bessemer Group Inc., have also made modifications to their holdings of Digital Realty Trust. Analysts have recently issued ratings on the stock, with an average rating of “Hold” and a consensus price target of $120.93. Digital Realty Trust’s stock has a one-year low of $85.76 and a one-year high of $133.39.

Digital Realty Trust has announced a quarterly dividend of $1.22 per share, which will be paid on September 29th to stockholders of record as of September 15th. The company’s dividend payout ratio is currently 378.30%. Insider transactions revealed that Cindy Fiedelman, an insider at Digital Realty Trust, sold 2,770 shares of the company’s stock for a total of $346,250.

Digital Realty Trust is a company that provides data center, colocation, and interconnection solutions. Its global data center platform, PlatformDIGITAL, offers secure data management and a solution methodology for efficiently managing data challenges.

Sources:
– SEC filing: Form 13F
– MarketBeat: Analyst ratings
– Digital Realty Trust company profile

Summary:

ProShare Advisors LLC has reduced its stake in Digital Realty Trust, Inc. 21.9% during the first quarter. Other institutional investors have also made modifications to their holdings of the company. Analysts have provided ratings on Digital Realty Trust’s stock, with an average rating of “Hold” and a consensus price target of $120.93. Digital Realty Trust has announced a quarterly dividend of $1.22 per share. The company provides data center, colocation, and interconnection solutions through its global data center platform, PlatformDIGITAL.

Definitions:
– Form 13F: a quarterly report required to be filed institutional investment managers with the SEC, disclosing their US equity holdings.
– SEC: US Securities and Exchange Commission, a government agency that regulates the securities industry in the United States.
– Hedge fund: a pooled investment fund that employs various strategies to generate high returns, typically with high risk.
– Real estate investment trust (REIT): a company that owns, operates, or finances income-generating real estate.
– Dividend: a payment made a corporation to its shareholders, usually as a distribution of profits.
– Payout ratio: the proportion of a company’s earnings that is distributed as dividends to shareholders.
– Insider transactions: transactions conducted individuals who have access to non-public information about a company.
– Data center: a facility used to house computer systems and associated components.
– Colocation: a service where multiple customers locate their computing equipment in the same data center.
– Interconnection: the linking of separate computer networks or systems to exchange information.
– PlatformDIGITAL: Digital Realty Trust’s global data center platform.

Sources:
– SEC filing: Form 13F
– MarketBeat: Analyst ratings
– Digital Realty Trust company profile