Shares of DIGITAL RLTY TR/SH (NYSE:DLR) have been given an average recommendation of “Buy” by the sixteen analysts that are presently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $129.77.
Several brokerages have recently commented on DLR. Barclays set a $162.00 price objective on shares of DIGITAL RLTY TR/SH and gave the company a “buy” rating in a research report on Friday, October 11th. William Blair upgraded shares of DIGITAL RLTY TR/SH from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 30th. KeyCorp lifted their price objective on shares of DIGITAL RLTY TR/SH from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Guggenheim downgraded shares of DIGITAL RLTY TR/SH from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $127.00 to $132.00 in a report on Wednesday, September 11th. Finally, Morgan Stanley lowered shares of DIGITAL RLTY TR/SH from an “overweight” rating to an “equal” rating and upped their target price for the stock from $118.00 to $122.00 in a research report on Thursday, September 19th.
In related news, Director Kevin Kennedy sold 400 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $116.56, for a total value of $46,624.00. Following the sale, the director now owns 400 shares in the company, valued at $46,624. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.49% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Krane Funds Advisors LLC purchased a new position in shares of DIGITAL RLTY TR/SH during the second quarter worth $25,000. Bartlett & Co. LLC acquired a new stake in shares of DIGITAL RLTY TR/SH in the third quarter valued at about $32,000. Private Ocean LLC increased its stake in shares of DIGITAL RLTY TR/SH by 1,160.0% during the third quarter. Private Ocean LLC now owns 252 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 232 shares in the last quarter. Riverview Trust Co purchased a new stake in shares of DIGITAL RLTY TR/SH during the third quarter worth about $44,000. Finally, Institutional & Family Asset Management LLC increased its stake in shares of DIGITAL RLTY TR/SH by 78.7% during the third quarter. Institutional & Family Asset Management LLC now owns 336 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 148 shares in the last quarter.
Shares of NYSE DLR traded down $0.77 during midday trading on Tuesday, hitting $118.49. 799,093 shares of the stock traded hands, compared to its average volume of 1,785,748. The firm has a market capitalization of $25.24 billion, a P/E ratio of 17.95, a PEG ratio of 2.64 and a beta of 0.35. DIGITAL RLTY TR/SH has a one year low of $100.05 and a one year high of $136.32. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a 50-day moving average of $124.71 and a two-hundred day moving average of $122.23.
DIGITAL RLTY TR/SH (NYSE:DLR) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.03. DIGITAL RLTY TR/SH had a return on equity of 2.69% and a net margin of 9.22%. The company had revenue of $806.50 million during the quarter, compared to analyst estimates of $814.47 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. DIGITAL RLTY TR/SH’s revenue was up 4.9% compared to the same quarter last year. Equities analysts forecast that DIGITAL RLTY TR/SH will post 6.61 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Thursday, December 12th. DIGITAL RLTY TR/SH’s payout ratio is 65.45%.
About DIGITAL RLTY TR/SH
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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