DIGITAL RLTY TR/SH (NYSE:DLR) has been given a consensus rating of “Buy” by the twenty-one brokerages that are covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $160.13.
DLR has been the topic of several analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $186.00 target price on shares of DIGITAL RLTY TR/SH in a report on Tuesday, August 11th. Deutsche Bank initiated coverage on shares of DIGITAL RLTY TR/SH in a report on Friday, June 5th. They issued a “buy” rating and a $155.00 target price on the stock. TD Securities initiated coverage on shares of DIGITAL RLTY TR/SH in a report on Thursday, August 6th. They issued a “hold” rating and a $170.00 target price on the stock. BMO Capital Markets raised shares of DIGITAL RLTY TR/SH from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $139.00 to $167.00 in a report on Wednesday, September 16th. Finally, Credit Suisse Group upped their target price on shares of DIGITAL RLTY TR/SH from $164.00 to $173.00 and gave the stock an “outperform” rating in a report on Friday, July 31st.
DIGITAL RLTY TR/SH stock traded up $2.10 on Monday, hitting $149.35. The company’s stock had a trading volume of 1,726,125 shares, compared to its average volume of 2,493,127. The firm has a market cap of $40.17 billion, a P/E ratio of 52.59, a price-to-earnings-growth ratio of 3.50 and a beta of 0.19. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.76. The company has a fifty day moving average price of $149.02 and a 200-day moving average price of $144.36. DIGITAL RLTY TR/SH has a one year low of $105.00 and a one year high of $165.49.
DIGITAL RLTY TR/SH (NYSE:DLR) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($1.28). DIGITAL RLTY TR/SH had a net margin of 20.57% and a return on equity of 6.72%. The business had revenue of $993.00 million during the quarter, compared to the consensus estimate of $931.10 million. Analysts anticipate that DIGITAL RLTY TR/SH will post 6.07 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $1.12 per share. The ex-dividend date was Monday, September 14th. This represents a $4.48 dividend on an annualized basis and a yield of 3.00%. DIGITAL RLTY TR/SH’s payout ratio is presently 67.37%.
In other DIGITAL RLTY TR/SH news, insider Cindy Fiedelman sold 1,024 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $162.13, for a total transaction of $166,021.12. Following the transaction, the insider now directly owns 1,024 shares in the company, valued at approximately $166,021.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kevin Kennedy sold 1,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $159.85, for a total transaction of $159,850.00. Following the transaction, the director now owns 1,000 shares in the company, valued at $159,850. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 90,636 shares of company stock worth $14,118,140. Corporate insiders own 0.61% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Cox Capital Mgt LLC raised its position in shares of DIGITAL RLTY TR/SH by 0.9% in the 3rd quarter. Cox Capital Mgt LLC now owns 9,501 shares of the real estate investment trust’s stock valued at $1,394,000 after acquiring an additional 88 shares during the period. Private Trust Co. NA raised its position in shares of DIGITAL RLTY TR/SH by 17.3% in the 3rd quarter. Private Trust Co. NA now owns 3,779 shares of the real estate investment trust’s stock valued at $554,000 after acquiring an additional 558 shares during the period. Atria Investments LLC acquired a new stake in shares of DIGITAL RLTY TR/SH in the 2nd quarter valued at approximately $1,235,000. Demars Financial Group LLC acquired a new stake in shares of DIGITAL RLTY TR/SH in the 2nd quarter valued at approximately $3,272,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of DIGITAL RLTY TR/SH in the 2nd quarter valued at approximately $409,000.
DIGITAL RLTY TR/SH Company Profile
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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