Digital Realty Trust, Inc. (NYSE:DLR) has been assigned a consensus recommendation of “Hold” from the nineteen brokerages that are currently covering the company, MarketBeat.com reports. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $125.67.
A number of equities research analysts have recently issued reports on DLR shares. Deutsche Bank AG lifted their price target on shares of Digital Realty Trust from $111.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Zacks Investment Research downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Barclays PLC restated a “buy” rating and set a $132.00 price objective on shares of Digital Realty Trust in a research report on Friday, September 8th. William Blair began coverage on Digital Realty Trust in a research report on Friday, September 22nd. They set a “market perform” rating for the company. Finally, Citigroup Inc. restated a “neutral” rating and set a $127.00 price objective on shares of Digital Realty Trust in a research report on Tuesday, September 26th.
Digital Realty Trust (NYSE:DLR) traded down $1.39 during mid-day trading on Monday, hitting $120.85. 988,900 shares of the stock were exchanged, compared to its average volume of 1,273,525. Digital Realty Trust has a 52 week low of $85.63 and a 52 week high of $127.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.46 and a current ratio of 0.46. The firm has a market cap of $19,601.29, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 3.55 and a beta of -0.09.
Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, beating 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 company had revenue of $609.90 million during the quarter, compared to the consensus estimate of $595.49 million. During the same period last year, the firm earned $1.44 EPS. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. equities research analysts expect that Digital Realty Trust will post 6.09 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be issued a $0.93 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $3.72 annualized dividend and a yield of 3.08%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 300.00%.
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In other news, insider Christopher Sharp sold 25,733 shares of the business’s stock in a transaction 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 approximately $2,996,350.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.40% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Digital Realty Trust during the 3rd quarter valued at $230,000. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Digital Realty Trust by 27.2% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 25,229 shares of the real estate investment trust’s stock valued at $2,985,000 after buying an additional 5,400 shares during the period. KBC Group NV grew its stake in shares of Digital Realty Trust by 38.2% during the 3rd quarter. KBC Group NV now owns 105,656 shares of the real estate investment trust’s stock valued at $12,502,000 after buying an additional 29,182 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Digital Realty Trust by 29.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,888,529 shares of the real estate investment trust’s stock valued at $341,788,000 after buying an additional 664,982 shares during the period. Finally, Hartford Investment Management Co. grew its stake in shares of Digital Realty Trust by 27.5% during the 3rd quarter. Hartford Investment Management Co. now owns 44,231 shares of the real estate investment trust’s stock valued at $5,234,000 after buying an additional 9,537 shares during the period.
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.
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