Digital Realty Trust, Inc. (NYSE:DLR) EVP Joshua A. Mills sold 2,500 shares of the business’s stock in a transaction dated Tuesday, June 8th. The stock was sold at an average price of $160.00, for a total transaction of $400,000.00. Following the transaction, the executive vice president now owns 6,666 shares in the company, valued at $1,066,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NYSE:DLR opened at $163.94 on Friday. The business has a fifty day moving average of $149.98. The company has a market cap of $46.16 billion, a price-to-earnings ratio of 106.45, a price-to-earnings-growth ratio of 3.57 and a beta of 0.09. Digital Realty Trust, Inc. has a one year low of $124.65 and a one year high of $165.49. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.76.
Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, April 29th. The real estate investment trust reported $1.32 EPS for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.27). Digital Realty Trust had a return on equity of 3.31% and a net margin of 12.43%. As a group, research analysts forecast that Digital Realty Trust, Inc. will post 6.53 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cohen & Steers Inc. lifted its position in shares of Digital Realty Trust by 180.3% in the 1st quarter. Cohen & Steers Inc. now owns 7,450,351 shares of the real estate investment trust’s stock worth $1,049,316,000 after purchasing an additional 4,792,073 shares during the period. Norges Bank bought a new position in shares of Digital Realty Trust in the 4th quarter worth about $303,759,000. JPMorgan Chase & Co. increased its stake in shares of Digital Realty Trust by 68.4% in the 1st quarter. JPMorgan Chase & Co. now owns 3,259,016 shares of the real estate investment trust’s stock worth $459,001,000 after acquiring an additional 1,323,758 shares in the last quarter. BlackRock Inc. increased its stake in Digital Realty Trust by 5.2% during the 4th quarter. BlackRock Inc. now owns 26,509,610 shares of the real estate investment trust’s stock valued at $3,698,356,000 after purchasing an additional 1,322,107 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Digital Realty Trust by 116.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 2,074,707 shares of the real estate investment trust’s stock valued at $292,202,000 after purchasing an additional 1,115,865 shares in the last quarter. 96.47% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have weighed in on DLR shares. TD Securities boosted their target price on shares of Digital Realty Trust from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, April 30th. Wolfe Research began coverage on shares of Digital Realty Trust in a research note on Thursday, March 18th. They set a “peer perform” rating on the stock. Raymond James dropped their price target on shares of Digital Realty Trust from $175.00 to $168.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, February 16th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Digital Realty Trust from $170.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday, February 16th. Finally, TheStreet upgraded shares of Digital Realty Trust from a “c+” rating to a “b-” rating in a research note on Monday, February 22nd. Three equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $165.07.
Digital Realty Trust Company Profile
Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITALR, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture PDxTM solution methodology for scaling digital business and efficiently managing data gravity challenges.
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