Digital Realty Trust (NYSE:DLR – Free Report) had its target price lowered by Freedom Broker from $233.00 to $227.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.
Several other analysts have also issued reports on the stock. Canadian Imperial Bank of Commerce assumed coverage on shares of Digital Realty Trust in a research report on Tuesday, October 20th. They set an “outperform” rating and a $213.00 target price for the company. Mizuho set a $223.00 price target on shares of Digital Realty Trust in a research report on Monday, August 10th. Rothschild & Co Redburn assumed coverage on shares of Digital Realty Trust in a research note on Monday, September 21st. They set a “buy” rating and a $227.00 price target on the stock. Wall Street Zen raised shares of Digital Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, TD Cowen raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their price objective for the company from $192.00 to $222.00 in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $221.53.
Check Out Our Latest Analysis on DLR
Digital Realty Trust Stock Performance
DLR stock opened at $180.26 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.72 and a quick ratio of 1.06. Digital Realty Trust has a 1 year low of $146.23 and a 1 year high of $208.14. The company has a market cap of $66.88 billion, a P/E ratio of 75.42, a price-to-earnings-growth ratio of 3.47 and a beta of 0.97. The stock’s fifty day moving average price is $181.45 and its 200-day moving average price is $182.91.
Digital Realty Trust (NYSE:DLR – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.04). Digital Realty Trust had a net margin of 13.06% and a return on equity of 3.68%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the firm earned $1.89 earnings per share. The company’s revenue for the quarter was up 20.6% compared to the same quarter last year. On average, equities analysts forecast that Digital Realty Trust will post 8.37 earnings per share for the current year.
Digital Realty Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio is 204.18%.
Insider Activity
In related news, Director Mark Patterson sold 200 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $193.96, for a total value of $38,792.00. Following the sale, the director directly owned 6,322 shares in the company, valued at approximately $1,226,215.12. The trade was a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.15% of the company’s stock.
Hedge Funds Weigh In On Digital Realty Trust
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC increased its position in Digital Realty Trust by 3.0% in the third quarter. Pathway Financial Advisers LLC now owns 13,387 shares of the real estate investment trust’s stock worth $2,350,000 after purchasing an additional 394 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in Digital Realty Trust by 4.7% during the third quarter. Kestra Private Wealth Services LLC now owns 21,273 shares of the real estate investment trust’s stock valued at $3,734,000 after purchasing an additional 964 shares during the last quarter. Chicago Partners Investment Group LLC lifted its position in Digital Realty Trust by 3.8% during the third quarter. Chicago Partners Investment Group LLC now owns 2,432 shares of the real estate investment trust’s stock valued at $419,000 after purchasing an additional 90 shares during the last quarter. Covestor Ltd grew its stake in shares of Digital Realty Trust by 192.9% in the 3rd quarter. Covestor Ltd now owns 287 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 189 shares in the last quarter. Finally, Verity Asset Management Inc. grew its stake in shares of Digital Realty Trust by 2.0% in the 3rd quarter. Verity Asset Management Inc. now owns 3,345 shares of the real estate investment trust’s stock worth $587,000 after buying an additional 64 shares in the last quarter. 99.71% of the stock is owned by institutional investors.
About Digital Realty Trust
Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data center facilities for businesses, cloud service providers, information technology companies and telecommunications organizations. The company provides the physical infrastructure needed to support data storage, networking, cloud computing and other digital operations.
Its services include data center colocation, interconnection and private connectivity solutions. Digital Realty also offers access to cloud and network providers through its PlatformDIGITAL platform, which is designed to help customers deploy, connect and manage their digital infrastructure across multiple locations.
Founded in 2001, Digital Realty serves customers through a global portfolio of data centers and related facilities across North America, Europe, Asia-Pacific and Latin America.
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