Shares of DIGITAL RLTY TR/SH (NYSE:DLR) have received a consensus rating of “Buy” from the sixteen research firms that are presently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $129.00.
DLR has been the topic of several recent analyst reports. Guggenheim downgraded shares of DIGITAL RLTY TR/SH from a “buy” rating to a “neutral” rating and raised their price objective for the company from $127.00 to $132.00 in a research report on Wednesday, September 11th. Royal Bank of Canada set a $130.00 price objective on shares of DIGITAL RLTY TR/SH and gave the company a “buy” rating in a research report on Friday, August 9th. Zacks Investment Research upgraded shares of DIGITAL RLTY TR/SH from a “sell” rating to a “hold” rating and set a $125.00 price target on the stock in a report on Friday, June 28th. Morgan Stanley downgraded shares of DIGITAL RLTY TR/SH from an “overweight” rating to an “equal” rating and lifted their price target for the company from $118.00 to $122.00 in a report on Thursday, September 19th. Finally, ValuEngine downgraded shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a report on Thursday, June 27th.
In other DIGITAL RLTY TR/SH news, Director Kevin Kennedy sold 300 shares of DIGITAL RLTY TR/SH stock in a transaction on Monday, August 19th. The shares were sold at an average price of $125.00, for a total value of $37,500.00. Following the sale, the director now directly owns 300 shares in the company, valued at approximately $37,500. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.49% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in DLR. Buckingham Capital Management Inc. increased its holdings in DIGITAL RLTY TR/SH by 3.8% in the 1st quarter. Buckingham Capital Management Inc. now owns 34,281 shares of the real estate investment trust’s stock valued at $4,079,000 after acquiring an additional 1,246 shares during the last quarter. First Trust Advisors LP grew its stake in shares of DIGITAL RLTY TR/SH by 230.3% in the 1st quarter. First Trust Advisors LP now owns 137,473 shares of the real estate investment trust’s stock worth $16,359,000 after buying an additional 95,857 shares in the last quarter. Belpointe Asset Management LLC grew its stake in shares of DIGITAL RLTY TR/SH by 6.9% in the 1st quarter. Belpointe Asset Management LLC now owns 6,486 shares of the real estate investment trust’s stock worth $771,000 after buying an additional 419 shares in the last quarter. Princeton Global Asset Management LLC purchased a new position in shares of DIGITAL RLTY TR/SH in the 1st quarter worth $51,000. Finally, Advisory Services Network LLC grew its stake in shares of DIGITAL RLTY TR/SH by 22.6% in the 1st quarter. Advisory Services Network LLC now owns 6,022 shares of the real estate investment trust’s stock worth $717,000 after buying an additional 1,110 shares in the last quarter.
Shares of DLR stock traded up $1.21 on Monday, hitting $132.98. 663,315 shares of the stock traded hands, compared to its average volume of 1,393,802. The firm has a market cap of $27.45 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 2.86 and a beta of 0.40. DIGITAL RLTY TR/SH has a 52 week low of $100.05 and a 52 week high of $133.08. The firm has a 50 day simple moving average of $127.56 and a two-hundred day simple moving average of $121.29. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.36 and a quick ratio of 0.36.
DIGITAL RLTY TR/SH (NYSE:DLR) last announced its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.63 by ($1.48). The firm had revenue of $801.00 million for the quarter, compared to the consensus estimate of $807.48 million. DIGITAL RLTY TR/SH had a net margin of 10.00% and a return on equity of 3.01%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.66 earnings per share. Sell-side analysts forecast that DIGITAL RLTY TR/SH will post 6.65 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $1.08 dividend. The ex-dividend date was Thursday, September 12th. This represents a $4.32 dividend on an annualized basis and a yield of 3.25%. DIGITAL RLTY TR/SH’s dividend payout ratio is currently 65.45%.
About DIGITAL RLTY TR/SH
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.
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