Jefferies Group LLC reaffirmed their hold rating on shares of Digital Realty Trust, Inc. (NYSE:DLR) in a report issued on Friday, July 14th. They currently have a $120.00 price target on the real estate investment trust’s stock.
Other equities analysts have also recently issued research reports about the stock. BidaskClub cut shares of Digital Realty Trust from a hold rating to a sell rating in a research report on Saturday, July 8th. Macquarie reaffirmed a neutral rating and issued a $105.00 price target on shares of Digital Realty Trust in a research report on Tuesday, July 4th. Wells Fargo & Company reaffirmed a market perform rating on shares of Digital Realty Trust in a research report on Monday, June 12th. Cowen and Company raised shares of Digital Realty Trust from a market perform rating to an outperform rating and raised their price target for the company from $106.00 to $126.00 in a research report on Monday, June 12th. Finally, Royal Bank Of Canada reaffirmed a buy rating and issued a $127.00 price target on shares of Digital Realty Trust in a research report on Thursday, June 8th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $116.67.
Digital Realty Trust (NYSE:DLR) opened at 111.82 on Friday. The firm’s 50-day moving average price is $113.61 and its 200-day moving average price is $111.16. The firm has a market cap of $18.14 billion, a price-to-earnings ratio of 45.42 and a beta of -0.03. Digital Realty Trust has a 12 month low of $85.63 and a 12 month high of $121.53.
Digital Realty Trust (NYSE:DLR) last issued its quarterly 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 net margin of 21.27% and a return on equity of 12.39%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 earnings per share. Equities research analysts predict that Digital Realty Trust will post $1.58 earnings per share for the current 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 issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, September 14th. Digital Realty Trust’s dividend payout ratio is currently 148.21%.
In other Digital Realty Trust news, SVP Joshua A. Mills sold 9,211 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $120.00, for a total value of $1,105,320.00. Following the transaction, the senior vice president now owns 13,377 shares in the company, valued at $1,605,240. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William G. Laperch acquired 1,200 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was purchased at an average price of $25.00 per share, for a total transaction of $30,000.00. Following the transaction, the director now directly owns 1,200 shares of the company’s stock, valued at approximately $30,000. The disclosure for this purchase can be found here. 0.40% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in DLR. Renaissance Technologies LLC boosted its position in shares of Digital Realty Trust by 45.6% in the first quarter. Renaissance Technologies LLC now owns 397,100 shares of the real estate investment trust’s stock valued at $42,247,000 after buying an additional 124,300 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in shares of Digital Realty Trust during the first quarter valued at about $1,610,000. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Digital Realty Trust by 76.4% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 32,195 shares of the real estate investment trust’s stock valued at $3,425,000 after buying an additional 13,944 shares in the last quarter. Perigon Wealth Management LLC boosted its position in shares of Digital Realty Trust by 1.5% in the fourth quarter. Perigon Wealth Management LLC now owns 7,080 shares of the real estate investment trust’s stock valued at $767,000 after buying an additional 104 shares in the last quarter. Finally, Dean Investment Associates LLC boosted its position in shares of Digital Realty Trust by 6.4% in the first quarter. Dean Investment Associates LLC now owns 10,620 shares of the real estate investment trust’s stock valued at $1,130,000 after buying an additional 642 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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