Jefferies Group LLC reiterated their hold rating on shares of Digital Realty Trust, Inc. (NYSE:DLR) in a research note published on Friday morning. Jefferies Group LLC currently has a $120.00 target price on the real estate investment trust’s stock.
A number of other research firms have also recently weighed in on DLR. BidaskClub raised shares of Digital Realty Trust from a hold rating to a buy rating in a research note on Saturday, June 24th. Royal Bank Of Canada reaffirmed a buy rating and set a $127.00 target price on shares of Digital Realty Trust in a research note on Thursday, June 8th. Wells Fargo & Company cut shares of Digital Realty Trust from an outperform rating to a market perform rating and set a $118.00 target price on the stock. in a research note on Wednesday, May 17th. Stifel Nicolaus boosted their target price on shares of Digital Realty Trust from $110.00 to $117.00 and gave the stock a hold rating in a research note on Monday, May 1st. Finally, Deutsche Bank AG boosted their price objective on shares of Digital Realty Trust from $105.00 to $109.00 and gave the stock a hold rating in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $117.57.
Shares of Digital Realty Trust (NYSE:DLR) traded up 0.25% on Friday, reaching $112.71. The company’s stock had a trading volume of 1,224,955 shares. Digital Realty Trust has a 52-week low of $85.63 and a 52-week high of $121.53. The company has a market cap of $18.01 billion, a PE ratio of 48.54 and a beta of -0.02. The firm has a 50 day moving average of $116.89 and a 200 day moving average of $108.44.
Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $1.50 EPS for the quarter, beating the consensus estimate of $1.47 by $0.03. The business had revenue of $550.60 million during the quarter, compared to the consensus estimate of $552.59 million. Digital Realty Trust had a net margin of 20.48% and a return on equity of 12.14%. The company’s revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.42 earnings per share. Analysts predict that Digital Realty Trust will post $1.61 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were given a dividend of $0.93 per share. The ex-dividend date was Tuesday, June 13th. This represents a $3.72 dividend on an annualized basis and a yield of 3.30%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 158.97%.
In other Digital Realty Trust news, SVP Joshua A. Mills sold 9,211 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company’s stock.
A number of hedge funds have recently modified their holdings of DLR. Ledyard National Bank boosted its stake in shares of Digital Realty Trust by 15.9% in the first quarter. Ledyard National Bank now owns 1,095 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 150 shares during the period. Muzinich & Co. Inc. boosted its stake in shares of Digital Realty Trust by 37.1% in the first quarter. Muzinich & Co. Inc. now owns 1,414 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 383 shares during the period. Westside Investment Management Inc. purchased a new stake in shares of Digital Realty Trust during the first quarter worth approximately $160,000. AXA purchased a new stake in shares of Digital Realty Trust during the first quarter worth approximately $200,000. Finally, Exane Derivatives boosted its stake in shares of Digital Realty Trust by 157.3% in the first quarter. Exane Derivatives now owns 1,909 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 1,167 shares during the period.
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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