Digital Realty Trust, Inc. (NYSE:DLR) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Saturday.
DLR has been the topic of a number of other reports. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Digital Realty Trust in a research report on Monday, May 1st. Macquarie reaffirmed a “neutral” rating and set a $105.00 price objective on shares of Digital Realty Trust in a research report on Tuesday. Deutsche Bank AG lifted their price objective on Digital Realty Trust from $105.00 to $109.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Stifel Nicolaus lifted their price objective on Digital Realty Trust from $110.00 to $117.00 and gave the company a “hold” rating in a research report on Monday, May 1st. Finally, Wells Fargo & Company reaffirmed a “market perform” rating on shares of Digital Realty Trust in a research report on Monday, June 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. Digital Realty Trust presently has an average rating of “Buy” and an average target price of $115.21.
Shares of Digital Realty Trust (NYSE:DLR) traded up 0.72% during midday trading on Friday, hitting $110.15. The stock had a trading volume of 879,313 shares. Digital Realty Trust has a 12 month low of $85.63 and a 12 month high of $121.53. The firm has a market cap of $17.60 billion, a price-to-earnings ratio of 47.44 and a beta of -0.03. The stock’s 50 day moving average price is $116.89 and its 200 day moving average price is $108.44.
Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $1.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.03. Digital Realty Trust had a return on equity of 12.14% and a net margin of 20.48%. The firm had revenue of $550.60 million for the quarter, compared to analysts’ expectations of $552.59 million. During the same period in the previous year, the firm earned $1.42 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. On average, equities analysts forecast that Digital Realty Trust will post $1.60 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date was Tuesday, June 13th. Digital Realty Trust’s payout ratio is 158.97%.
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In other Digital Realty Trust news, SVP Joshua A. Mills sold 9,211 shares of Digital Realty Trust stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $120.00, for a total value of $1,105,320.00. Following the sale, the senior vice president now owns 13,377 shares of the company’s stock, valued at approximately $1,605,240. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Joshua A. Mills sold 4,189 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, April 13th. The stock was sold at an average price of $110.00, for a total value of $460,790.00. Following the completion of the sale, the senior vice president now directly owns 4,286 shares in the company, valued at approximately $471,460. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Ledyard National Bank increased its stake in Digital Realty Trust by 15.9% in the first quarter. Ledyard National Bank now owns 1,095 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 150 shares during the last quarter. Muzinich & Co. Inc. increased its stake in Digital Realty Trust by 37.1% in the first quarter. Muzinich & Co. Inc. now owns 1,414 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 383 shares during the last quarter. Westside Investment Management Inc. purchased a new stake in Digital Realty Trust during the first quarter worth about $160,000. AXA purchased a new stake in Digital Realty Trust during the first quarter worth about $200,000. Finally, Exane Derivatives increased its stake in Digital Realty Trust by 157.3% in the first quarter. Exane Derivatives now owns 1,909 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 1,167 shares during the last quarter.
About Digital Realty Trust
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. 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.