ValuEngine lowered shares of Digital Realty Trust, Inc. (NYSE:DLR) from a buy rating to a hold rating in a research note published on Wednesday.
Other equities research analysts also recently issued reports about the stock. Robert W. Baird reissued a neutral rating and set a $121.00 target price (up from $119.00) on shares of Digital Realty Trust in a research report on Tuesday, October 10th. Cowen and Company reissued a buy rating and set a $126.00 target price on shares of Digital Realty Trust in a research report on Friday, August 25th. KeyCorp reissued a buy rating and set a $130.00 target price on shares of Digital Realty Trust in a research report on Friday, August 25th. Zacks Investment Research downgraded shares of Digital Realty Trust from a buy rating to a hold rating in a research report on Wednesday, August 2nd. Finally, Royal Bank Of Canada boosted their target price on shares of Digital Realty Trust from $127.00 to $133.00 and gave the stock an outperform rating in a research report on Wednesday, October 4th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $122.73.
Shares of Digital Realty Trust (DLR) traded down 0.40% during trading on Wednesday, hitting $123.39. The stock had a trading volume of 774,105 shares. The firm has a 50-day moving average of $119.28 and a 200 day moving average of $115.67. The company has a market capitalization of $20.01 billion, a P/E ratio of 50.12 and a beta of 0.01. Digital Realty Trust has a 1-year low of $85.63 and a 1-year high of $127.23.
Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 EPS for the quarter, topping the consensus estimate of $1.49 by $0.05. The company had revenue of $565.99 million during 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 firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.42 earnings per share. Equities research analysts predict that Digital Realty Trust will post $1.48 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Thursday, September 14th. Digital Realty Trust’s payout ratio is 148.21%.
In related news, Director William G. Laperch bought 1,200 shares of the company’s stock in a transaction on Monday, August 7th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $30,000.00. Following the completion of the purchase, the director now directly owns 1,200 shares in the company, valued at $30,000. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christopher Sharp sold 25,733 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 25,733 shares in the company, valued at $2,996,350.52. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLR. AXA purchased a new position in Digital Realty Trust in the first quarter valued at about $200,000. Wellington Management Group LLP lifted its stake in shares of Digital Realty Trust by 6,396.6% during the 1st quarter. Wellington Management Group LLP now owns 363,872 shares of the real estate investment trust’s stock valued at $38,713,000 after buying an additional 358,271 shares in the last quarter. Teachers Advisors LLC lifted its stake in shares of Digital Realty Trust by 5.5% during the 1st quarter. Teachers Advisors LLC now owns 424,483 shares of the real estate investment trust’s stock valued at $45,161,000 after buying an additional 21,994 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Digital Realty Trust by 12.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 18,255 shares of the real estate investment trust’s stock valued at $1,942,000 after buying an additional 1,988 shares in the last quarter. Finally, Global X Management Co. LLC lifted its stake in shares of Digital Realty Trust by 5.9% during the 1st quarter. Global X Management Co. LLC now owns 3,793 shares of the real estate investment trust’s stock valued at $404,000 after buying an additional 212 shares in the last quarter.
About Digital Realty Trust
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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