Digital Realty (NYSE:DLR) had its target price hoisted by Barclays from $133.00 to $134.00 in a research note issued to investors on Thursday, May 3rd. Barclays currently has an overweight rating on the real estate investment trust’s stock.
Several other analysts have also commented on DLR. Deutsche Bank raised Digital Realty from a hold rating to a buy rating and set a $130.00 price target on the stock in a research note on Wednesday, January 10th. Zacks Investment Research downgraded Digital Realty from a hold rating to a sell rating in a research report on Monday, January 15th. Robert W. Baird upgraded Digital Realty from a neutral rating to an outperform rating and set a $124.00 price objective for the company in a research report on Tuesday, January 16th. Credit Suisse Group started coverage on Digital Realty in a research report on Wednesday, January 17th. They issued a neutral rating and a $95.00 price objective for the company. Finally, UBS upgraded Digital Realty from a sell rating to a neutral rating and set a $112.00 target price for the company in a research report on Monday, January 29th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $122.06.
DLR opened at $105.50 on Thursday. The company has a market capitalization of $22.02 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 2.40 and a beta of -0.02. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.94. Digital Realty has a 12-month low of $106.28 and a 12-month high of $107.17.
Digital Realty (NYSE:DLR) last announced its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.52 by ($1.18). Digital Realty had a return on equity of 3.63% and a net margin of 10.23%. The firm had revenue of $731.45 million for the quarter, compared to analyst estimates of $729.30 million. research analysts expect that Digital Realty will post 6.55 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be given a dividend of $1.01 per share. The ex-dividend date is Thursday, June 14th. This represents a $4.04 annualized dividend and a dividend yield of 3.83%. Digital Realty’s dividend payout ratio is currently 65.80%.
In related news, SVP Christopher Kenney sold 10,000 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $103.47, for a total transaction of $1,034,700.00. Following the sale, the senior vice president now owns 10,000 shares in the company, valued at $1,034,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.43% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLR. Wills Financial Group Inc. raised its stake in Digital Realty by 22.6% in the first quarter. Wills Financial Group Inc. now owns 2,575 shares of the real estate investment trust’s stock valued at $271,000 after buying an additional 475 shares during the period. DnB Asset Management AS raised its stake in Digital Realty by 2.6% in the fourth quarter. DnB Asset Management AS now owns 19,721 shares of the real estate investment trust’s stock valued at $2,246,000 after buying an additional 500 shares during the period. Quadrant Capital Management LLC raised its stake in Digital Realty by 4.1% in the first quarter. Quadrant Capital Management LLC now owns 13,487 shares of the real estate investment trust’s stock valued at $1,421,000 after buying an additional 525 shares during the period. Afam Capital Inc. raised its stake in Digital Realty by 1.0% in the fourth quarter. Afam Capital Inc. now owns 54,462 shares of the real estate investment trust’s stock valued at $6,203,000 after buying an additional 543 shares during the period. Finally, IFM Investors Pty Ltd raised its stake in Digital Realty by 10.3% in the first quarter. IFM Investors Pty Ltd now owns 6,361 shares of the real estate investment trust’s stock valued at $670,000 after buying an additional 595 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.
Digital Realty Company Profile
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products.
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