Digital Realty Trust, Inc. (NYSE:DLR) had its price objective raised by Deutsche Bank AG from $111.00 to $130.00 in a research note issued to investors on Thursday. They currently have a hold rating on the real estate investment trust’s stock.
DLR has been the subject of a number of other reports. Zacks Investment Research cut shares of Digital Realty Trust from a buy rating to a hold rating in a research report on Wednesday. Barclays PLC reissued a buy rating and set a $132.00 price target on shares of Digital Realty Trust in a research report on Friday, September 8th. William Blair started coverage on shares of Digital Realty Trust in a research report on Friday, September 22nd. They set a market perform rating for the company. Citigroup Inc. reissued a neutral rating and set a $127.00 price target on shares of Digital Realty Trust in a research report on Tuesday, September 26th. Finally, Stifel Nicolaus reissued a hold rating and set a $117.00 price target on shares of Digital Realty Trust in a research report on Thursday, September 14th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $124.20.
Shares of Digital Realty Trust (NYSE:DLR) traded up 0.64% on Thursday, hitting $116.55. The stock had a trading volume of 1,380,419 shares. The firm has a market capitalization of $23.94 billion, a P/E ratio of 96.32 and a beta of 0.01. Digital Realty Trust has a 12-month low of $85.63 and a 12-month high of $127.23. The company has a 50 day moving average of $119.27 and a 200-day moving average of $116.08.
Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $1.11. Digital Realty Trust had a net margin of 11.71% and a return on equity of 5.15%. The company had revenue of $609.90 million during the quarter, compared to analysts’ expectations of $595.49 million. During the same period last year, the company posted $1.44 EPS. Digital Realty Trust’s revenue was up 11.6% on a year-over-year basis. Equities analysts predict that Digital Realty Trust will post $1.48 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a $0.93 dividend. The ex-dividend date was Thursday, September 14th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.19%. Digital Realty Trust’s dividend payout ratio is presently 300.00%.
In other news, insider Christopher Sharp sold 25,733 shares of Digital Realty Trust stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $116.44, for a total value of $2,996,350.52. Following the completion of the sale, the insider now directly owns 25,733 shares in the company, valued at $2,996,350.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William G. Laperch purchased 1,200 shares of Digital Realty Trust stock in a transaction dated Monday, August 7th. The stock was bought at an average price of $25.00 per share, with a total value of $30,000.00. Following the completion of the purchase, the director now directly owns 1,200 shares of the company’s stock, valued at $30,000. The disclosure for this purchase can be found here. Insiders own 0.40% of the company’s stock.
Several hedge funds have recently made changes to their positions in DLR. Northwestern Mutual Wealth Management Co. grew its stake in shares of Digital Realty Trust by 50.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 328 shares during the period. Parallel Advisors LLC grew its stake in shares of Digital Realty Trust by 18.0% in the second quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock worth $112,000 after acquiring an additional 148 shares during the period. Sun Life Financial INC grew its stake in shares of Digital Realty Trust by 12,844.4% in the second quarter. Sun Life Financial INC now owns 1,165 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 1,156 shares during the period. Almanack Investment Partners LLC. bought a new stake in shares of Digital Realty Trust in the second quarter worth approximately $134,000. Finally, Security National Trust Co. bought a new stake in shares of Digital Realty Trust in the second quarter worth approximately $164,000.
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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