DIGITAL RLTY TR/SH (NYSE:DLR) had its target price trimmed by Barclays from $132.00 to $131.00 in a research report report published on Thursday, January 3rd. The firm currently has an overweight rating on the real estate investment trust’s stock.
Several other equities analysts have also recently issued reports on DLR. Berenberg Bank assumed coverage on DIGITAL RLTY TR/SH in a research report on Thursday, September 20th. They set a hold rating and a $127.00 price target on the stock. Guggenheim raised DIGITAL RLTY TR/SH from a neutral rating to a buy rating and set a $125.00 price objective for the company in a research note on Monday, October 22nd. BMO Capital Markets set a $120.00 price objective on DIGITAL RLTY TR/SH and gave the stock a hold rating in a research note on Friday, October 26th. Royal Bank of Canada decreased their target price on DIGITAL RLTY TR/SH from $131.00 to $124.00 and set an outperform rating for the company in a research report on Monday, November 5th. Finally, Citigroup decreased their target price on DIGITAL RLTY TR/SH from $131.00 to $126.00 and set a buy rating for the company in a research report on Tuesday, November 6th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. DIGITAL RLTY TR/SH has an average rating of Buy and an average price target of $125.43.
Shares of NYSE DLR opened at $106.64 on Thursday. DIGITAL RLTY TR/SH has a 1-year low of $96.56 and a 1-year high of $125.10. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $21.01 billion, a PE ratio of 17.37, a P/E/G ratio of 2.04 and a beta of 0.50.
DIGITAL RLTY TR/SH (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 25th. The real estate investment trust reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($1.29). DIGITAL RLTY TR/SH had a net margin of 11.78% and a return on equity of 3.96%. The business had revenue of $768.92 million during the quarter, compared to analysts’ expectations of $773.08 million. On average, research analysts anticipate that DIGITAL RLTY TR/SH will post 6.59 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Friday, December 14th will be issued a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Thursday, December 13th. DIGITAL RLTY TR/SH’s payout ratio is currently 65.80%.
In related news, CTO Christopher Sharp sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $110.00, for a total value of $550,000.00. Following the completion of the transaction, the chief technology officer now owns 6,062 shares in the company, valued at approximately $666,820. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin Kennedy sold 400 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $114.51, for a total transaction of $45,804.00. Following the completion of the transaction, the director now owns 400 shares of the company’s stock, valued at approximately $45,804. The disclosure for this sale can be found here. Insiders sold a total of 13,271 shares of company stock worth $1,508,840 over the last three months. 0.43% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. New England Research & Management Inc. bought a new stake in shares of DIGITAL RLTY TR/SH in the 4th quarter valued at about $240,000. Fenimore Asset Management Inc. raised its holdings in shares of DIGITAL RLTY TR/SH by 44.5% in the 4th quarter. Fenimore Asset Management Inc. now owns 195,537 shares of the real estate investment trust’s stock valued at $20,834,000 after purchasing an additional 60,234 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of DIGITAL RLTY TR/SH by 1.4% in the 4th quarter. State of Alaska Department of Revenue now owns 95,567 shares of the real estate investment trust’s stock valued at $10,181,000 after purchasing an additional 1,281 shares during the period. Retirement Systems of Alabama raised its holdings in shares of DIGITAL RLTY TR/SH by 4.8% in the 4th quarter. Retirement Systems of Alabama now owns 357,945 shares of the real estate investment trust’s stock valued at $38,139,000 after purchasing an additional 16,500 shares during the period. Finally, Grassi Investment Management bought a new stake in shares of DIGITAL RLTY TR/SH in the 4th quarter valued at about $3,729,000. 99.05% of the stock is owned by hedge funds and other institutional investors.
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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