Digital Realty Trust (DLR) Shares Down 6.9%

Shares of Digital Realty Trust, Inc. (NYSE:DLR) traded down 6.9% on Tuesday . The stock traded as low as $110.49 and last traded at $110.59. 2,484,800 shares traded hands during trading, an increase of 95% from the average session volume of 1,274,713 shares. The stock had previously closed at $118.81.

Several analysts have recently weighed in on the stock. SunTrust Banks reiterated a “buy” rating and set a $135.00 target price on shares of Digital Realty Trust in a research report on Friday, November 24th. TheStreet lowered shares of Digital Realty Trust from a “b” rating to a “c+” rating in a research report on Monday, October 30th. Zacks Investment Research lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. KeyCorp set a $130.00 target price on shares of Digital Realty Trust and gave the company a “buy” rating in a research report on Sunday, October 29th. Finally, Deutsche Bank lifted their target price 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. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $125.07.

The stock has a market cap of $23,150.00, a price-to-earnings ratio of 19.87, a PEG ratio of 3.04 and a beta of -0.10. The company has a current ratio of 0.46, a quick 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, beating the 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 during the quarter, compared to the consensus estimate of $595.49 million. During the same period last year, the firm posted $1.44 EPS. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. equities research analysts predict that Digital Realty Trust, Inc. will post 6.09 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.29%. The ex-dividend date is Thursday, December 14th. Digital Realty Trust’s dividend payout ratio is currently 302.44%.

A number of hedge funds have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan raised its stake in shares of Digital Realty Trust by 84.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,390 shares of the real estate investment trust’s stock worth $1,061,000 after acquiring an additional 4,290 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Digital Realty Trust by 3.1% in the second quarter. CIBC Asset Management Inc now owns 19,192 shares of the real estate investment trust’s stock worth $2,168,000 after acquiring an additional 575 shares during the last quarter. Retirement Systems of Alabama raised its stake in shares of Digital Realty Trust by 0.6% in the second quarter. Retirement Systems of Alabama now owns 77,468 shares of the real estate investment trust’s stock worth $8,750,000 after acquiring an additional 482 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in shares of Digital Realty Trust by 72.5% in the second quarter. Pictet Asset Management Ltd. now owns 482,200 shares of the real estate investment trust’s stock worth $56,991,000 after acquiring an additional 202,700 shares during the last quarter. Finally, BP PLC raised its stake in shares of Digital Realty Trust by 110.5% in the second quarter. BP PLC now owns 40,000 shares of the real estate investment trust’s stock worth $4,520,000 after acquiring an additional 21,000 shares during the last quarter. 98.54% of the stock is owned by hedge funds and other institutional investors.

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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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