Digital Realty Trust, Inc. (DLR) Upgraded at BidaskClub
BidaskClub upgraded shares of Digital Realty Trust, Inc. (NYSE:DLR) from a hold rating to a buy rating in a research note published on Thursday morning.
DLR has been the topic of a number of other research reports. Royal Bank Of Canada reissued a buy rating on shares of Digital Realty Trust in a research note on Monday, May 1st. Macquarie reissued a neutral rating and issued a $105.00 target price on shares of Digital Realty Trust in a research note on Tuesday, July 4th. Canaccord Genuity reissued a buy rating and issued a $127.00 target price on shares of Digital Realty Trust in a research note on Friday, August 18th. Zacks Investment Research raised Digital Realty Trust from a hold rating to a buy rating and set a $126.00 target price on the stock in a research note on Monday, July 17th. Finally, Deutsche Bank AG increased their target price on Digital Realty Trust from $105.00 to $109.00 and gave the company a hold rating in a research note on Friday, April 28th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $119.38.
Digital Realty Trust (NYSE DLR) traded up 0.17% during trading on Thursday, reaching $118.14. The company’s stock had a trading volume of 646,608 shares. The company’s 50 day moving average price is $114.15 and its 200-day moving average price is $111.83. The stock has a market cap of $19.16 billion, a P/E ratio of 47.99 and a beta of -0.03. Digital Realty Trust has a 1-year low of $85.63 and a 1-year high of $121.53.
Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 EPS for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.05. The business had revenue of $565.99 million for the quarter, compared to analysts’ expectations of $559.93 million. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.42 earnings per share. Equities analysts forecast that Digital Realty Trust will post $1.57 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.93 per share. The ex-dividend date is Thursday, September 14th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.15%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 148.21%.
In other news, Director William G. Laperch bought 1,200 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was bought at an average cost of $25.00 per share, for a total transaction of $30,000.00. Following the completion of the acquisition, the director now owns 1,200 shares in the company, valued at approximately $30,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Joshua A. Mills sold 9,211 shares of the 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 sale, the senior vice president now owns 13,377 shares of the company’s stock, valued at $1,605,240. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of DLR. DnB Asset Management AS raised its stake in Digital Realty Trust by 20.2% in the first quarter. DnB Asset Management AS now owns 17,221 shares of the real estate investment trust’s stock worth $1,832,000 after buying an additional 2,900 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Digital Realty Trust by 164.4% in the first quarter. Nisa Investment Advisors LLC now owns 23,800 shares of the real estate investment trust’s stock worth $2,532,000 after buying an additional 14,800 shares in the last quarter. Candriam Luxembourg S.C.A. purchased a new stake in Digital Realty Trust during the first quarter worth $1,288,000. Mn Services Vermogensbeheer B.V. raised its stake in Digital Realty Trust by 3.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,239 shares of the real estate investment trust’s stock worth $422,000 after buying an additional 158 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Digital Realty Trust by 16.8% in the first quarter. Janney Montgomery Scott LLC now owns 36,109 shares of the real estate investment trust’s stock worth $3,842,000 after buying an additional 5,193 shares in 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.
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