Somewhat Favorable News Coverage Somewhat Unlikely to Affect Digital Realty Trust (DLR) Stock Price
News articles about Digital Realty Trust (NYSE:DLR) have been trending somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Digital Realty Trust earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.579170228408 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Digital Realty Trust, Inc. breached its 50 day moving average in a Bullish Manner : DLR-US : August 15, 2017 (finance.yahoo.com)
- Needle Tilting Mid-Session For Digital Realty Trust Inc (DLR) – Sparta Review (spartareview.com)
- Insider Trading at Digital Realty Trust Inc.? (currenthollywood.com)
- Digital Realty Trust, Inc. (NYSE:DLR) Stock Sees Movement of (wpsuperfanboy.com)
- Shares now unchanged at $112.85 (DLR) Digital Realty Announces Management… (wisdomsave.com)
DLR has been the subject of a number of research analyst reports. Wells Fargo & Company downgraded shares of Digital Realty Trust from an “outperform” rating to a “market perform” rating and set a $118.00 price target for the company. in a report on Wednesday, May 17th. Zacks Investment Research downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada reissued a “buy” rating and issued a $127.00 price target on shares of Digital Realty Trust in a report on Thursday, June 8th. Cowen and Company raised shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and upped their price target for the company from $106.00 to $126.00 in a report on Monday, June 12th. Finally, Barclays PLC reissued an “overweight” rating and issued a $123.00 price target (up from $120.00) on shares of Digital Realty Trust in a report on Wednesday, April 19th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $116.67.
Digital Realty Trust (NYSE:DLR) traded up 0.24% during mid-day trading on Tuesday, reaching $115.13. 716,394 shares of the company’s stock were exchanged. The stock has a market cap of $18.67 billion, a P/E ratio of 46.76 and a beta of -0.03. The stock has a 50-day moving average price of $113.31 and a 200-day moving average price of $111.33. Digital Realty Trust has a 52 week low of $85.63 and a 52 week high of $121.53.
Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.05. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. The firm had revenue of $565.99 million for the quarter, compared to analysts’ expectations of $559.93 million. During the same quarter last year, the business earned $1.42 earnings per share. The company’s revenue was up 9.9% compared to the same quarter last year. On average, analysts forecast that Digital Realty Trust will post $1.57 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, September 14th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 148.21%.
In other news, SVP Joshua A. Mills sold 9,211 shares of Digital Realty Trust stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $120.00, for a total transaction of $1,105,320.00. Following the transaction, the senior vice president now owns 13,377 shares in the company, valued at approximately $1,605,240. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William G. Laperch acquired 1,200 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were acquired at an average price of $25.00 per share, for a total transaction of $30,000.00. Following the acquisition, the director now directly owns 1,200 shares in the company, valued at $30,000. The disclosure for this purchase can be found here. Insiders own 0.40% of the company’s stock.
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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.
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