Digital Realty Trust, Inc. (NYSE:DLR) has been assigned an average recommendation of “Buy” from the twenty analysts that are presently covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $123.07.
DLR has been the topic of several analyst reports. Cowen and Company reiterated a “buy” rating and issued a $126.00 target price on shares of Digital Realty Trust in a research note on Friday, August 25th. Barclays PLC reiterated a “buy” rating and issued a $132.00 target price on shares of Digital Realty Trust in a research note on Friday, September 8th. ValuEngine downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, KeyCorp reiterated a “buy” rating and issued a $130.00 target price on shares of Digital Realty Trust in a research note on Friday, August 25th.
Digital Realty Trust (NYSE DLR) traded down 0.13% during midday trading on Thursday, reaching $123.69. 390,069 shares of the company’s stock traded hands. The firm’s 50-day moving average is $118.97 and its 200 day moving average is $115.48. Digital Realty Trust has a 52-week low of $85.63 and a 52-week high of $127.23. The firm has a market cap of $20.06 billion, a PE ratio of 50.24 and a beta of 0.01.
Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.05. The firm had revenue of $565.99 million for the quarter, compared to the consensus estimate of $559.93 million. Digital Realty Trust had a net margin of 21.27% and a return on equity of 12.39%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.42 earnings per share. Equities research analysts expect that Digital Realty Trust will post $1.48 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a dividend of $0.93 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $3.72 dividend on an annualized basis and a yield of 3.00%. Digital Realty Trust’s dividend payout ratio is currently 148.21%.
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In other Digital Realty Trust news, insider Christopher Sharp sold 25,733 shares of the company’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 transaction of $2,996,350.52. Following the completion of the sale, the insider now directly owns 25,733 shares of the company’s stock, valued at $2,996,350.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William G. Laperch bought 1,200 shares of Digital Realty Trust stock in a transaction on Monday, August 7th. The shares were acquired at an average cost of $25.00 per share, with a total value of $30,000.00. Following the completion of the acquisition, the director now owns 1,200 shares of the company’s stock, valued at approximately $30,000. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC increased its holdings in Digital Realty Trust by 18.0% during the second quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 148 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Digital Realty Trust by 50.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 328 shares during the last quarter. Sun Life Financial INC increased its holdings in Digital Realty Trust by 12,844.4% during the second quarter. Sun Life Financial INC now owns 1,165 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 1,156 shares during the last quarter. Almanack Investment Partners LLC. purchased a new stake in Digital Realty Trust during the second quarter valued at approximately $134,000. Finally, Security National Trust Co. purchased a new stake in Digital Realty Trust during the second quarter valued at approximately $164,000.
Digital Realty Trust Company Profile
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.
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