Digital Realty Trust Given Consensus Rating of “Hold” by Brokerages (NYSE:DLR)
Shares of Digital Realty Trust (NYSE:DLR) have received a consensus rating of “Hold” from the eighteen analysts that are presently covering the company, Analyst Ratings.Net reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $61.36.
Shares of Digital Realty Trust (NYSE:DLR) opened at 66.38 on Wednesday. Digital Realty Trust has a 1-year low of $43.04 and a 1-year high of $67.09. The stock has a 50-day moving average of $62.56 and a 200-day moving average of $56.68. The company has a market cap of $8.994 billion and a price-to-earnings ratio of 33.46.
Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.20 by $0.01. The company had revenue of $401.50 million for the quarter, compared to the consensus estimate of $395.52 million. During the same quarter in the prior year, the company posted $1.19 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. On average, analysts predict that Digital Realty Trust will post $4.85 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend is Thursday, September 11th.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Digital Realty Trust from $68.00 to $69.00 in a research note on Thursday, July 31st. Separately, analysts at Cowen and Company raised their price target on shares of Digital Realty Trust from $44.00 to $49.00 in a research note on Thursday, July 31st. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Digital Realty Trust in a research note on Wednesday, July 30th. They now have a $72.00 price target on the stock, up previously from $68.00.
Digital Realty Trust, Inc is a real estate investment trust (NYSE:DLR).