Digital Realty Trust Short Interest Down 8.8% in May (DLR)
Digital Realty Trust (NYSE:DLR) was the target of a large decline in short interest during the month of May. As of May 30th, there was short interest totalling 24,216,034 shares, a decline of 8.8% from the May 15th total of 26,566,012 shares, Stock Ratings Network reports. Approximately 17.9% of the company’s stock are short sold. Based on an average daily volume of 1,349,002 shares, the short-interest ratio is currently 18.0 days.
A number of analysts have recently weighed in on DLR shares. Analysts at Jefferies Group upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research note on Monday, June 16th. They now have a $68.00 price target on the stock, up previously from $55.00. Separately, analysts at Cantor Fitzgerald downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 29th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. Digital Realty Trust has a consensus rating of “Hold” and a consensus target price of $58.27.
Shares of Digital Realty Trust (NYSE:DLR) opened at 57.72 on Wednesday. Digital Realty Trust has a 52-week low of $43.04 and a 52-week high of $65.43. The stock has a 50-day moving average of $57.7 and a 200-day moving average of $53.12. The company has a market cap of $7.812 billion and a price-to-earnings ratio of 28.23.
Digital Realty Trust (NYSE:DLR) last announced its earnings results on Tuesday, May 6th. The company reported $1.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.18 by $0.10. The company had revenue of $391.00 million for the quarter, compared to the consensus estimate of $387.17 million. During the same quarter in the prior year, the company posted $1.18 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts predict that Digital Realty Trust will post $4.84 earnings per share for the current fiscal year.
Digital Realty Trust, Inc is a real estate investment trust (NYSE:DLR).
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