Digital Realty Trust Inc. (DLR) SVP Joshua A. Mills Sells 4,519 Shares
Digital Realty Trust Inc. (NYSE:DLR) SVP Joshua A. Mills sold 4,519 shares of the firm’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $92.22, for a total value of $416,742.18. Following the transaction, the senior vice president now directly owns 8,685 shares of the company’s stock, valued at approximately $800,930.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Digital Realty Trust Inc. (NYSE:DLR) opened at 94.06 on Wednesday. Digital Realty Trust Inc. has a 1-year low of $62.42 and a 1-year high of $113.21. The stock’s 50 day moving average price is $99.35 and its 200-day moving average price is $96.84. The stock has a market capitalization of $13.81 billion, a P/E ratio of 209.02 and a beta of 0.34.
Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, July 28th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. The company earned $514.90 million during the quarter, compared to the consensus estimate of $507.72 million. Digital Realty Trust had a return on equity of 5.02% and a net margin of 7.82%. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.30 earnings per share. Equities research analysts anticipate that Digital Realty Trust Inc. will post $5.71 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.74%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 765.22%.
Several large investors have recently made changes to their positions in DLR. Euclid Advisors LLC bought a new stake in shares of Digital Realty Trust during the second quarter worth approximately $108,000. Financial Architects Inc bought a new stake in shares of Digital Realty Trust during the second quarter worth approximately $200,000. W.G. Shaheen & Associates DBA Whitney & Co bought a new stake in shares of Digital Realty Trust during the second quarter worth approximately $200,000. BLB&B Advisors LLC bought a new stake in shares of Digital Realty Trust during the second quarter worth approximately $211,000. Finally, Calamos Advisors LLC bought a new stake in shares of Digital Realty Trust during the second quarter worth approximately $213,000.
Several research analysts recently weighed in on DLR shares. Cowen and Company cut Digital Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Friday, July 29th. Jefferies Group reaffirmed a “hold” rating on shares of Digital Realty Trust in a research note on Tuesday, August 23rd. Royal Bank Of Canada raised their target price on Digital Realty Trust from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. RBC Capital Markets reaffirmed an “outperform” rating and set a $120.00 target price (up previously from $105.00) on shares of Digital Realty Trust in a research note on Thursday, August 4th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $114.00 target price (up previously from $102.00) on shares of Digital Realty Trust in a research note on Monday, July 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $97.35.
Digital Realty Trust Company Profile
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company owns, acquires, develops and manages technology-related real estate. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
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