DIGITAL RLTY TR/SH (NYSE:DLR)’s share price traded down 5.1% during trading on Wednesday . The company traded as low as $100.05 and last traded at $101.83. 3,241,178 shares changed hands during trading, an increase of 80% from the average session volume of 1,798,880 shares. The stock had previously closed at $107.34.
A number of equities analysts have commented on the stock. Berenberg Bank assumed coverage on shares of DIGITAL RLTY TR/SH in a research note on Thursday, September 20th. They set a “hold” rating and a $127.00 target price on the stock. ValuEngine raised shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating in a research note on Thursday, December 6th. Jefferies Financial Group raised shares of DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and boosted their price target for the company from $124.00 to $136.00 in a research note on Monday, December 10th. Guggenheim raised shares of DIGITAL RLTY TR/SH from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a research note on Monday, October 22nd. Finally, Royal Bank of Canada reduced their price target on shares of DIGITAL RLTY TR/SH from $131.00 to $124.00 and set an “outperform” rating on the stock in a research note on Monday, November 5th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $125.43.
The company has a market capitalization of $21.01 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 2.04 and a beta of 0.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.34 and a current ratio of 0.34.
DIGITAL RLTY TR/SH (NYSE:DLR) last announced its earnings results on Thursday, October 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($1.29). DIGITAL RLTY TR/SH had a return on equity of 3.96% and a net margin of 11.78%. The business had revenue of $768.92 million for the quarter, compared to analysts’ expectations of $773.08 million. As a group, analysts predict that DIGITAL RLTY TR/SH will post 6.59 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Friday, December 14th will be paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Thursday, December 13th. DIGITAL RLTY TR/SH’s payout ratio is currently 65.80%.
In other DIGITAL RLTY TR/SH news, Director Kevin Kennedy sold 400 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $114.51, for a total transaction of $45,804.00. Following the completion of the transaction, the director now owns 400 shares in the company, valued at approximately $45,804. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Christopher Sharp sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $110.00, for a total transaction of $550,000.00. Following the transaction, the chief technology officer now owns 6,062 shares of the company’s stock, valued at approximately $666,820. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,271 shares of company stock worth $1,508,840. 0.43% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of DLR. Capital World Investors grew its holdings in DIGITAL RLTY TR/SH by 41.6% during the 3rd quarter. Capital World Investors now owns 15,314,435 shares of the real estate investment trust’s stock worth $1,722,568,000 after acquiring an additional 4,497,951 shares in the last quarter. Brookfield Asset Management Inc. acquired a new position in shares of DIGITAL RLTY TR/SH in the 3rd quarter valued at $73,281,000. Aviva PLC boosted its holdings in shares of DIGITAL RLTY TR/SH by 93.7% in the 3rd quarter. Aviva PLC now owns 897,555 shares of the real estate investment trust’s stock valued at $100,957,000 after buying an additional 434,067 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of DIGITAL RLTY TR/SH by 2.0% in the 3rd quarter. BlackRock Inc. now owns 20,472,703 shares of the real estate investment trust’s stock valued at $2,302,770,000 after buying an additional 394,225 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of DIGITAL RLTY TR/SH by 455.7% in the 3rd quarter. Canada Pension Plan Investment Board now owns 394,483 shares of the real estate investment trust’s stock valued at $44,371,000 after buying an additional 323,500 shares in the last quarter. Institutional investors own 99.05% of the company’s stock.
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About DIGITAL RLTY TR/SH (NYSE:DLR)
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 cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.
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