Digital Realty Trust, Inc. (NYSE:DLR – Get Rating) stock has an average rating of “Moderate Buy” from the fifteen research firms currently covering the company, reports Marketbeat.com. One investment analyst has rated the stock with a sell rating, four with a hold rating, seven with a buy rating and one with a strong buy rating. The average 12-month target price among brokers who have updated their coverage of the stock over the past year is $166.38.
DLR has been the subject of a number of analyst reports. Citigroup lowered its target price on Digital Realty Trust to $160.00 from $165.00 and rated the company a “buy” in a research note on Friday, June 10. StockNews.com downgraded Digital Realty Trust to a “sell” rating from a “hold” rating in a research note on Monday, May 2. TheStreet upgraded Digital Realty Trust on Tuesday 5th. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a ‘hold’ rating to a ‘buy’ rating in a research note on Wednesday 15th June and lowered its price target for the company from $150.00 to $144.00. Finally, TD Securities increased its price target on Digital Realty Trust to $175.00 from $170.00 and announced the company on Friday, March 29.
In related news, EVP David C. Ruberg sold 50,000 shares of Digital Realty Trust in a transaction that took place on Thursday, May 26th. The stock sold at an average price of $137.55 for a total transaction of $6,877,500.00. Following the closing of the sale, the Executive Vice President now directly owns 200,000 shares of the Company, valued at approximately $27,510,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC’s website. Company insiders own 0.41% of the company’s shares.
A number of hedge funds and other institutional investors have recently changed their positions in this business. Vanguard Group Inc. increased its holding in Digital Realty Trust by 1.5% during the first quarter. Vanguard Group Inc. now owns 45,440,352 shares of Real Estate Investment Trust valued at $6,443,442,000 after purchasing an additional 661,206 shares last quarter. BlackRock Inc. increased its holding in Digital Realty Trust by 5.3% in the fourth quarter. BlackRock Inc. now owns 27,078,699 shares of Real Estate Investment Trust valued at $4,789,409,000 after purchasing an additional 1,360,474 shares last quarter. State Street Corp increased its holding in Digital Realty Trust by 8.0% during the first quarter. State Street Corp now owns 19,146,859 shares of Real Estate Investment Trust valued at $2,715,025,000 after purchasing an additional 1,425,990 shares last quarter. Cohen & Steers Inc. increased its holding in Digital Realty Trust by 8.5% during the first quarter. Cohen & Steers Inc. now owns 13,978,576 shares of the Real Estate Investment Trust valued at $1,982,504,000 after purchasing an additional 1,100,311 shares last quarter. Finally, Geode Capital Management LLC increased its holding in Digital Realty Trust by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 5,331,398 shares of Real Estate Investment Trust valued at $940,538,000 after purchasing an additional 274,575 shares last quarter. 98.53% of the shares are owned by hedge funds and other institutional investors.
NYSE:DLR opened at $128.14 on Wednesday. The company has a debt to equity ratio of 0.82, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market cap of $36.48 billion, a PE ratio of 26.59, a PEG ratio of 2.73 and a beta of 0.29. Digital Realty Trust has a 52-week low of $124.11 and a 52-week high of $178.22. The stock has a 50-day simple moving average of $137.26 and a 200-day simple moving average of $145.77.
Digital Realty Trust (NYSE:DLR – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The Real Estate Investment Trust reported earnings per share (EPS) of $0.22 for the quarter, missing analyst consensus estimates of $1.62 ($1.40). The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. Digital Realty Trust had a return on equity of 8.13% and a net margin of 31.28%. The company’s quarterly revenue increased 3.4% compared to the same quarter last year. In the same quarter last year, the company reported earnings per share of $1.67. On average, research analysts are forecasting that Digital Realty Trust will post earnings per share of 6.85 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record will receive a dividend of $1.22 per share on Wednesday, June 15. The ex-dividend date is Tuesday 14th June. That translates to an annualized dividend of $4.88 and a yield of 3.81%. Digital Realty Trust’s RTP is currently 101.25%.
About Digital Realty Trust (get rating)
Digital Realty supports the world’s leading enterprises and service providers by delivering the full spectrum of data center, colocation and connectivity solutions. PlatformDIGITALR, the company’s global data center platform, provides customers with a trusted foundation and proven Pervasive Datacenter Architecture PDxTM solution methodology to scale digital business and efficiently address the challenges of data gravity.
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