Digital Realty Trust Inc. (DLR) Short Interest Update
Digital Realty Trust Inc. (NYSE:DLR) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 14,170,966 shares, a decrease of 45.1% from the September 15th total of 25,805,584 shares. Currently, 9.7% of the company’s stock are sold short. Based on an average daily trading volume, of 2,616,571 shares, the days-to-cover ratio is presently 5.4 days.
Shares of Digital Realty Trust (NYSE:DLR) opened at 94.71 on Monday. Digital Realty Trust has a 12 month low of $69.00 and a 12 month high of $113.21. The stock’s 50 day moving average price is $95.99 and its 200-day moving average price is $97.72. The firm has a market cap of $13.91 billion, a P/E ratio of 210.47 and a beta of 0.28.
Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, July 28th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.04. Digital Realty Trust had a net margin of 7.82% and a return on equity of 5.02%. The company earned $514.90 million during the quarter, compared to analysts’ expectations of $507.72 million. During the same quarter in the previous year, the company posted $1.30 earnings per share. Digital Realty Trust’s quarterly revenue was up 22.5% compared to the same quarter last year. Equities research analysts anticipate that Digital Realty Trust will post $5.71 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Tuesday, September 13th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 765.22%.
In other Digital Realty Trust news, SVP Joshua A. Mills sold 4,519 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $92.22, for a total transaction of $416,742.18. Following the sale, the senior vice president now owns 8,685 shares in the company, valued at $800,930.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Edward F. Sham sold 14,701 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $92.50, for a total value of $1,359,842.50. Following the sale, the insider now owns 19,039 shares in the company, valued at approximately $1,761,107.50. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Gateway Investment Advisers LLC boosted its position in Digital Realty Trust by 5.8% in the second quarter. Gateway Investment Advisers LLC now owns 186,031 shares of the real estate investment trust’s stock worth $20,276,000 after buying an additional 10,160 shares during the period. PGGM Investments raised its stake in shares of Digital Realty Trust by 11.4% in the second quarter. PGGM Investments now owns 1,366,086 shares of the real estate investment trust’s stock worth $148,890,000 after buying an additional 139,475 shares in the last quarter. New York State Teachers Retirement System bought a new stake in shares of Digital Realty Trust during the second quarter worth $24,192,000. Legal & General Group Plc raised its stake in shares of Digital Realty Trust by 6.7% in the first quarter. Legal & General Group Plc now owns 881,544 shares of the real estate investment trust’s stock worth $78,006,000 after buying an additional 55,392 shares in the last quarter. Finally, Strs Ohio raised its stake in shares of Digital Realty Trust by 2.7% in the second quarter. Strs Ohio now owns 264,500 shares of the real estate investment trust’s stock worth $28,827,000 after buying an additional 6,920 shares in the last quarter.
A number of analysts have recently weighed in on DLR shares. Jefferies Group reiterated a “hold” rating on shares of Digital Realty Trust in a research report on Tuesday, August 23rd. Cowen and Company cut Digital Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Friday, July 29th. Zacks Investment Research upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Tuesday, October 11th. Bank of America Corp. reiterated a “buy” rating and set a $120.00 price target on shares of Digital Realty Trust in a research report on Wednesday, September 28th. Finally, Royal Bank Of Canada increased their price target on Digital Realty Trust from $105.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company’s stock. Digital Realty Trust currently has an average rating of “Hold” and a consensus target price of $100.18.
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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