According to Zacks, “Shares of Digital Realty have outperformed its industry, in the past three months. Earlier this April, the company announced the conclusion of its joint venture (JV) deal with Brookfield Asset Management’s affiliate — Brookfield Infrastructure. The partnership will help the company bank on the robust growth prospects of the Latin America region with customer's digital transformation. Notably, solid fundamentals of the data-center market help Digital Realty ride on its growth curve through accretive acquisitions and development efforts. The company also focuses on maintaining a solid balance sheet and enjoys ample liquidity. Nevertheless, aggressive pricing pressure is likely to continue in the upcoming period. Moreover, the company has a substantial debt burden and hence, any rate hike will add to its woes.”
A number of other equities research analysts have also recently weighed in on DLR. Barclays restated a buy rating and set a $143.00 price objective on shares of DIGITAL RLTY TR/SH in a research note on Tuesday, April 16th. Jefferies Financial Group cut DIGITAL RLTY TR/SH from a buy rating to a hold rating and decreased their price objective for the stock from $144.00 to $125.00 in a research note on Tuesday, April 23rd. Raymond James cut DIGITAL RLTY TR/SH from an outperform rating to a market perform rating and set a $120.00 price objective for the company. in a research note on Monday, March 25th. ValuEngine upgraded DIGITAL RLTY TR/SH from a hold rating to a buy rating in a research note on Tuesday, February 19th. Finally, BMO Capital Markets reiterated a hold rating and issued a $115.00 price target on shares of DIGITAL RLTY TR/SH in a research note on Wednesday, February 6th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. DIGITAL RLTY TR/SH presently has a consensus rating of Hold and a consensus price target of $126.64.
Shares of NYSE DLR opened at $116.79 on Thursday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.21 and a quick ratio of 0.21. The firm has a market cap of $24.31 billion, a P/E ratio of 17.70, a P/E/G ratio of 2.53 and a beta of 0.48. DIGITAL RLTY TR/SH has a 1-year low of $100.05 and a 1-year high of $125.10.
DIGITAL RLTY TR/SH (NYSE:DLR) last issued its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.08. The firm had revenue of $814.50 million during the quarter, compared to analysts’ expectations of $800.13 million. DIGITAL RLTY TR/SH had a return on equity of 3.26% and a net margin of 10.95%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 EPS. As a group, equities analysts forecast that DIGITAL RLTY TR/SH will post 6.61 EPS for the current fiscal year.
In other news, SVP Joshua A. Mills sold 10,000 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $119.21, for a total value of $1,192,100.00. Following the transaction, the senior vice president now directly owns 14,166 shares of the company’s stock, valued at $1,688,728.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin Kennedy sold 400 shares of the stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $110.13, for a total value of $44,052.00. Following the completion of the transaction, the director now directly owns 400 shares in the company, valued at $44,052. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Parnassus Investments CA acquired a new stake in DIGITAL RLTY TR/SH during the fourth quarter worth about $327,400,000. Canada Pension Plan Investment Board grew its holdings in DIGITAL RLTY TR/SH by 575.4% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,664,148 shares of the real estate investment trust’s stock worth $283,842,000 after acquiring an additional 2,269,665 shares during the period. Norges Bank acquired a new stake in DIGITAL RLTY TR/SH during the fourth quarter worth about $218,327,000. FMR LLC grew its holdings in DIGITAL RLTY TR/SH by 21.8% during the fourth quarter. FMR LLC now owns 4,000,378 shares of the real estate investment trust’s stock worth $426,240,000 after acquiring an additional 717,113 shares during the period. Finally, Investec Asset Management LTD grew its holdings in DIGITAL RLTY TR/SH by 3,349.5% during the fourth quarter. Investec Asset Management LTD now owns 334,600 shares of the real estate investment trust’s stock worth $35,652,000 after acquiring an additional 324,900 shares during the period. 99.17% of the stock is currently owned by institutional investors and hedge funds.
DIGITAL RLTY TR/SH 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 cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.
See Also: Return on Equity (ROE)
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