Jefferies Group LLC restated their hold rating on shares of Digital Realty Trust, Inc. (NYSE:DLR) in a research report released on Tuesday, October 24th. The firm currently has a $120.00 target price on the real estate investment trust’s stock. Jefferies Group also issued estimates for Digital Realty Trust’s Q3 2017 earnings at $1.47 EPS.
Several other research firms also recently issued reports on DLR. ValuEngine downgraded shares of Digital Realty Trust from a buy rating to a hold rating in a report on Wednesday, October 18th. Stifel Nicolaus reaffirmed a hold rating and set a $117.00 price objective on shares of Digital Realty Trust in a report on Thursday, September 14th. Barclays PLC reissued a buy rating and issued a $132.00 price target on shares of Digital Realty Trust in a research note on Friday, September 8th. SunTrust Banks, Inc. reissued a buy rating and issued a $140.00 price target on shares of Digital Realty Trust in a research note on Thursday, October 12th. Finally, Zacks Investment Research raised shares of Digital Realty Trust from a hold rating to a buy rating and set a $133.00 price target on the stock in a research note on Wednesday, October 11th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Digital Realty Trust presently has an average rating of Hold and a consensus price target of $125.43.
Shares of Digital Realty Trust (NYSE:DLR) opened at $120.85 on Tuesday. 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 $19,601.27, a price-to-earnings ratio of 20.21, a PEG ratio of 3.55 and a beta of -0.09. The company has a quick ratio of 0.32, a current ratio of 0.46 and a debt-to-equity ratio of 0.85.
Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $1.11. Digital Realty Trust had a net margin of 11.71% and a return on equity of 5.15%. The firm had revenue of $609.90 million for the quarter, compared to the consensus estimate of $595.49 million. During the same period in the prior year, the firm posted $1.44 earnings per share. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. research analysts forecast that Digital Realty Trust will post 6.09 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $3.72 annualized dividend and a dividend yield of 3.08%. Digital Realty Trust’s dividend payout ratio is presently 300.00%.
In other news, insider Christopher Sharp sold 25,733 shares of the business’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 owns 25,733 shares in the company, valued at approximately $2,996,350.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in DLR. Daiwa Securities Group Inc. increased its holdings in shares of Digital Realty Trust by 41.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 6,474,187 shares of the real estate investment trust’s stock valued at $766,091,000 after acquiring an additional 1,897,642 shares during the period. AEW Capital Management L P increased its holdings in shares of Digital Realty Trust by 295.4% in the 3rd quarter. AEW Capital Management L P now owns 1,580,668 shares of the real estate investment trust’s stock valued at $187,040,000 after acquiring an additional 1,180,868 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Digital Realty Trust by 171.5% in the 2nd quarter. Principal Financial Group Inc. now owns 1,645,291 shares of the real estate investment trust’s stock valued at $185,835,000 after acquiring an additional 1,039,244 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Digital Realty Trust by 79.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,332,689 shares of the real estate investment trust’s stock valued at $276,860,000 after acquiring an additional 1,032,004 shares during the period. Finally, Capital International Investors increased its holdings in shares of Digital Realty Trust by 253.1% in the 2nd quarter. Capital International Investors now owns 1,352,500 shares of the real estate investment trust’s stock valued at $152,765,000 after acquiring an additional 969,500 shares during the period.
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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