Brokerages Set Digital Realty Trust Inc. (DLR) Price Target at $106.50
Shares of Digital Realty Trust Inc. (NYSE:DLR) have earned a consensus rating of “Buy” from the eighteen ratings firms that are covering the firm. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $106.50.
A number of brokerages have recently issued reports on DLR. TheStreet raised Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Thursday, October 27th. Jefferies Group reaffirmed a “hold” rating on shares of Digital Realty Trust in a report on Tuesday, August 23rd. Deutsche Bank AG reaffirmed a “buy” rating on shares of Digital Realty Trust in a report on Friday, October 28th. Royal Bank Of Canada upped their price target on Digital Realty Trust from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. Finally, Zacks Investment Research raised Digital Realty Trust from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a report on Thursday, October 20th.
In related news, insider Edward F. Sham sold 14,701 shares of the stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $92.50, for a total transaction of $1,359,842.50. Following the completion of the sale, the insider now owns 19,039 shares in the company, valued at $1,761,107.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joshua A. Mills sold 4,519 shares of the stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $92.22, for a total value of $416,742.18. Following the sale, the senior vice president now owns 8,685 shares of the company’s stock, valued at approximately $800,930.70. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Capital Analysts LLC boosted its stake in Digital Realty Trust by 617.2% in the second quarter. Capital Analysts LLC now owns 6,383 shares of the real estate investment trust’s stock valued at $815,000 after buying an additional 5,493 shares in the last quarter. Capstone Asset Management Co. boosted its stake in Digital Realty Trust by 287.0% in the second quarter. Capstone Asset Management Co. now owns 14,631 shares of the real estate investment trust’s stock valued at $1,595,000 after buying an additional 10,850 shares in the last quarter. NN Investment Partners Holdings N.V. boosted its stake in Digital Realty Trust by 84.7% in the second quarter. NN Investment Partners Holdings N.V. now owns 731,815 shares of the real estate investment trust’s stock valued at $79,760,000 after buying an additional 335,700 shares in the last quarter. Creative Planning boosted its stake in Digital Realty Trust by 175.4% in the second quarter. Creative Planning now owns 16,138 shares of the real estate investment trust’s stock valued at $1,759,000 after buying an additional 10,278 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its stake 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 valued at $20,276,000 after buying an additional 10,160 shares in the last quarter.
Digital Realty Trust (NYSE:DLR) opened at 90.95 on Wednesday. The stock has a market cap of $14.46 billion, a price-to-earnings ratio of 62.68 and a beta of 0.14. Digital Realty Trust has a one year low of $69.00 and a one year high of $113.21. The stock’s 50 day moving average price is $92.19 and its 200 day moving average price is $98.40.
Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, October 27th. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.44. The firm had revenue of $546.30 million for the quarter, compared to the consensus estimate of $538.82 million. Digital Realty Trust had a return on equity of 9.81% and a net margin of 15.25%. The company’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.28 earnings per share. Equities analysts predict that Digital Realty Trust will post $5.71 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Thursday, December 15th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Tuesday, December 13th. Digital Realty Trust’s dividend payout ratio is currently 246.15%.
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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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