DIGITAL RLTY TR/SH (NYSE:DLR) has been given a consensus recommendation of “Hold” by the fourteen brokerages that are currently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $125.80.
DLR has been the topic of several recent analyst reports. ValuEngine cut DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. BMO Capital Markets restated a “hold” rating and set a $115.00 price objective on shares of DIGITAL RLTY TR/SH in a research note on Wednesday, February 6th. 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. Zacks Investment Research upgraded DIGITAL RLTY TR/SH from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research note on Thursday, April 11th. Finally, TheStreet cut DIGITAL RLTY TR/SH from a “b-” rating to a “c+” rating in a research note on Wednesday, February 6th.
Shares of DLR traded down $1.67 during midday trading on Friday, reaching $116.31. 13,240 shares of the company were exchanged, compared to its average volume of 1,168,412. The stock has a market cap of $24.57 billion, a PE ratio of 17.63, a P/E/G ratio of 2.55 and a beta of 0.46. DIGITAL RLTY TR/SH has a 1-year low of $100.05 and a 1-year high of $125.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.05 and a quick ratio of 0.21.
DIGITAL RLTY TR/SH (NYSE:DLR) last issued its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $1.73 EPS for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.08. The company had revenue of $814.50 million for the quarter, compared to analysts’ expectations of $800.13 million. DIGITAL RLTY TR/SH had a return on equity of 3.27% 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 quarter in the previous year, the firm posted $1.63 earnings per share. On average, research analysts anticipate that DIGITAL RLTY TR/SH will post 6.67 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Thursday, June 13th. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is 65.45%.
In other news, Director Kevin Kennedy sold 400 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $117.25, for a total value of $46,900.00. Following the completion of the sale, the director now owns 400 shares in the company, valued at $46,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward F. Sham sold 17,233 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $119.65, for a total value of $2,061,928.45. Following the completion of the sale, the insider now owns 21,571 shares of the company’s stock, valued at approximately $2,580,970.15. The disclosure for this sale can be found here. Insiders sold a total of 27,633 shares of company stock valued at $3,300,928 over the last three months. Corporate insiders own 0.49% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Winslow Evans & Crocker Inc. raised its position in DIGITAL RLTY TR/SH by 14.5% in the 1st quarter. Winslow Evans & Crocker Inc. now owns 696 shares of the real estate investment trust’s stock valued at $86,000 after purchasing an additional 88 shares in the last quarter. JOYN Advisors Inc. grew its stake in DIGITAL RLTY TR/SH by 13.7% during the 4th quarter. JOYN Advisors Inc. now owns 754 shares of the real estate investment trust’s stock worth $80,000 after buying an additional 91 shares during the last quarter. Kaizen Advisory LLC grew its stake in DIGITAL RLTY TR/SH by 21.1% during the 4th quarter. Kaizen Advisory LLC now owns 551 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 96 shares during the last quarter. Bessemer Group Inc. grew its stake in DIGITAL RLTY TR/SH by 72.6% during the 4th quarter. Bessemer Group Inc. now owns 233 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 98 shares during the last quarter. Finally, Forsta AP Fonden grew its stake in DIGITAL RLTY TR/SH by 0.3% during the 1st quarter. Forsta AP Fonden now owns 33,110 shares of the real estate investment trust’s stock worth $3,940,000 after buying an additional 100 shares during the last quarter. Institutional investors own 99.17% of the company’s stock.
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.
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