Digital Realty Trust, Inc. (DLR) Receives Average Rating of “Buy” from Analysts
Digital Realty Trust, Inc. (NYSE:DLR) has received an average recommendation of “Buy” from the seventeen brokerages that are covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $118.91.
Several research firms have recently issued reports on DLR. BidaskClub upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. KeyCorp restated a “buy” rating and set a $130.00 price objective on shares of Digital Realty Trust in a report on Friday, August 25th. Zacks Investment Research downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Canaccord Genuity reiterated a “buy” rating and issued a $127.00 price target on shares of Digital Realty Trust in a report on Friday, August 18th. Finally, Cowen and Company reiterated a “buy” rating and issued a $126.00 price target on shares of Digital Realty Trust in a report on Friday, August 25th.
Digital Realty Trust (DLR) traded up 0.02% on Wednesday, reaching $117.39. 184,925 shares of the company traded hands. The stock’s 50 day moving average price is $114.15 and its 200 day moving average price is $111.83. The company has a market capitalization of $19.04 billion, a PE ratio of 47.68 and a beta of -0.03. Digital Realty Trust has a one year low of $85.63 and a one year high of $121.53.
Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.05. Digital Realty Trust had a net margin of 21.27% and a return on equity of 12.39%. The firm had revenue of $565.99 million for the quarter, compared to the consensus estimate of $559.93 million. During the same quarter in the prior year, the company posted $1.42 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities research analysts predict that Digital Realty Trust will post $1.57 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.93 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $3.72 dividend on an annualized basis and a yield of 3.17%. Digital Realty Trust’s payout ratio is currently 148.21%.
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In other Digital Realty Trust news, SVP Joshua A. Mills sold 9,211 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 13,377 shares of the company’s stock, valued at approximately $1,605,240. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William G. Laperch bought 1,200 shares of the business’s stock in a transaction on Monday, August 7th. The stock was bought at an average cost of $25.00 per share, with a total value of $30,000.00. Following the completion of the purchase, the director now directly owns 1,200 shares in the company, valued at $30,000. The disclosure for this purchase can be found here. Company insiders own 0.40% of the company’s stock.
Several hedge funds have recently modified their holdings of DLR. Lord Abbett & CO. LLC bought a new stake in shares of Digital Realty Trust during the second quarter worth about $7,500,000. WFG Advisors LP increased its stake in shares of Digital Realty Trust by 134.4% in the second quarter. WFG Advisors LP now owns 7,566 shares of the real estate investment trust’s stock worth $855,000 after buying an additional 4,338 shares during the period. Toronto Dominion Bank increased its stake in shares of Digital Realty Trust by 25.9% in the second quarter. Toronto Dominion Bank now owns 54,116 shares of the real estate investment trust’s stock worth $6,112,000 after buying an additional 11,142 shares during the period. Archford Capital Strategies LLC increased its stake in shares of Digital Realty Trust by 1,816.8% in the second quarter. Archford Capital Strategies LLC now owns 112,363 shares of the real estate investment trust’s stock worth $553,000 after buying an additional 106,501 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of Digital Realty Trust by 20.4% in the second quarter. Cetera Investment Advisers now owns 5,862 shares of the real estate investment trust’s stock worth $664,000 after buying an additional 993 shares during the period.
Digital Realty Trust Company Profile
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.
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