Digital Realty Trust CFO A William Stein Buys 10,000 Shares (DLR)
Digital Realty Trust (NYSE:DLR) CFO A William Stein bought 10,000 shares of the stock on the open market in a transaction dated Tuesday, September 10th. The stock was purchased at an average cost of $52.94 per share, for a total transaction of $529,400.00. Following the transaction, the chief financial officer now directly owns 2,017 shares in the company. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on DLR shares. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Digital Realty Trust (NYSE:DLR) in a research note to investors on Tuesday, July 30th. They now have a $66.00 price target on the stock. Separately, analysts at Raymond James cut their price target on shares of Digital Realty Trust (NYSE:DLR) from $78.00 to $74.00 in a research note to investors on Monday, July 29th. They now have a “strong-buy” rating on the stock. Finally, analysts at Evercore Partners cut their price target on shares of Digital Realty Trust (NYSE:DLR) from $79.00 to $74.00 in a research note to investors on Monday, July 29th. They now have an “overweight” rating on the stock.
Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Digital Realty Trust has an average rating of “Buy” and a consensus target price of $71.64.
Shares of Digital Realty Trust (NYSE:DLR) opened at 53.37 on Wednesday. Digital Realty Trust has a 1-year low of $50.98 and a 1-year high of $75.05. The stock’s 50-day moving average is $55.19 and its 200-day moving average is $62.7. The company has a market cap of $6.854 billion and a P/E ratio of 36.75.
Digital Realty Trust (NYSE:DLR) last released its earnings data on Friday, July 26th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.04. The company had revenue of $363.50 million for the quarter, compared to the consensus estimate of $366.31 million. During the same quarter in the previous year, the company posted $1.07 earnings per share. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. On average, analysts predict that Digital Realty Trust will post $4.80 earnings per share for the current fiscal year.
Digital Realty Trust, Inc is a real estate investment trust (NYSE:DLR).
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