TheStreet downgraded shares of DIGITAL RLTY TR/SH (NYSE:DLR) from a b- rating to a c+ rating in a research report released on Monday morning, TheStreetRatingsTable reports.
Several other equities analysts have also commented on DLR. William Blair raised DIGITAL RLTY TR/SH from a market perform rating to an outperform rating in a research report on Wednesday, October 30th. Royal Bank of Canada set a $130.00 price target on shares of DIGITAL RLTY TR/SH and gave the stock a buy rating in a research note on Friday, August 9th. BMO Capital Markets lifted their price target on shares of DIGITAL RLTY TR/SH to $132.00 and gave the company a market perform rating in a research report on Wednesday, October 30th. Barclays set a $162.00 price target on shares of DIGITAL RLTY TR/SH and gave the company a buy rating in a research report on Friday, October 11th. Finally, Morgan Stanley lowered shares of DIGITAL RLTY TR/SH from an overweight rating to an equal rating and boosted their price objective for the stock from $118.00 to $122.00 in a research note on Thursday, September 19th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. DIGITAL RLTY TR/SH presently has an average rating of Buy and a consensus price target of $129.77.
Shares of NYSE:DLR opened at $117.52 on Monday. DIGITAL RLTY TR/SH has a 52-week low of $100.05 and a 52-week high of $136.32. The firm has a market capitalization of $25.24 billion, a P/E ratio of 17.81, a P/E/G ratio of 2.64 and a beta of 0.35. The stock has a 50 day moving average price of $124.04 and a 200-day moving average price of $122.23. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.33 and a current ratio of 0.33.
DIGITAL RLTY TR/SH (NYSE:DLR) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $1.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.03. The company had revenue of $806.50 million for the quarter, compared to analyst estimates of $814.47 million. DIGITAL RLTY TR/SH had a return on equity of 2.69% and a net margin of 9.22%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 earnings per share. On average, equities analysts forecast that DIGITAL RLTY TR/SH will post 6.61 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.08 per share. The ex-dividend date is Thursday, December 12th. This represents a $4.32 annualized dividend and a dividend yield of 3.68%. DIGITAL RLTY TR/SH’s payout ratio is presently 65.45%.
In related news, Director Kevin Kennedy sold 400 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 400 shares in the company, valued at approximately $46,624. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Andrew Power sold 16,087 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $120.05, for a total transaction of $1,931,244.35. Following the completion of the transaction, the chief financial officer now owns 16,087 shares of the company’s stock, valued at $1,931,244.35. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of DLR. Krane Funds Advisors LLC purchased a new position in shares of DIGITAL RLTY TR/SH in the second quarter worth $25,000. Bartlett & Co. LLC purchased a new stake in shares of DIGITAL RLTY TR/SH during the third quarter valued at $32,000. Private Ocean LLC increased its holdings in DIGITAL RLTY TR/SH by 1,160.0% in the 3rd quarter. Private Ocean LLC now owns 252 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 232 shares in the last quarter. Riverview Trust Co bought a new stake in DIGITAL RLTY TR/SH in the 3rd quarter worth about $44,000. Finally, Institutional & Family Asset Management LLC raised its position in DIGITAL RLTY TR/SH by 78.7% in the 3rd quarter. Institutional & Family Asset Management LLC now owns 336 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 148 shares during the last quarter.
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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