Robert W. Baird reissued their neutral rating on shares of Digital Realty Trust, Inc. (NYSE:DLR) in a research report released on Tuesday morning. They currently have a $121.00 target price on the real estate investment trust’s stock, up from their prior target price of $119.00.
Several other equities research analysts have also commented on DLR. Royal Bank Of Canada lifted their price target on shares of Digital Realty Trust from $127.00 to $133.00 and gave the stock an outperform rating in a research note on Wednesday, October 4th. Citigroup Inc. reiterated a neutral rating and set a $127.00 price target on shares of Digital Realty Trust in a research note on Tuesday, September 26th. Canaccord Genuity reiterated a buy rating and set a $127.00 price target on shares of Digital Realty Trust in a research note on Friday, August 18th. Zacks Investment Research lowered shares of Digital Realty Trust from a buy rating to a hold rating in a research note on Wednesday, August 2nd. Finally, BidaskClub upgraded shares of Digital Realty Trust from a sell rating to a hold rating in a research note on Monday, July 31st. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Digital Realty Trust presently has a consensus rating of Buy and an average target price of $122.73.
Shares of Digital Realty Trust (DLR) opened at 122.75 on Tuesday. Digital Realty Trust has a one year low of $85.63 and a one year high of $127.23. The stock has a market capitalization of $19.91 billion, a price-to-earnings ratio of 49.86 and a beta of 0.01. The stock’s 50 day moving average is $118.43 and its 200-day moving average is $114.90.
Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.05. Digital Realty Trust had a net margin of 21.27% and a return on equity of 12.39%. The firm had revenue of $565.99 million for the quarter, compared to analyst estimates of $559.93 million. During the same period last year, the business earned $1.42 EPS. Digital Realty Trust’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities research analysts predict that Digital Realty Trust will post $1.47 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Thursday, September 14th. Digital Realty Trust’s payout ratio is currently 148.21%.
In other Digital Realty Trust news, insider Christopher Sharp sold 25,733 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the transaction, the insider now directly owns 25,733 shares of the company’s stock, valued at approximately $2,996,350.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William G. Laperch acquired 1,200 shares of the stock in a transaction on Monday, August 7th. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $30,000.00. Following the completion of the transaction, the director now directly owns 1,200 shares in the company, valued at approximately $30,000. The disclosure for this purchase can be found here. Company insiders own 0.40% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its position in Digital Realty Trust by 50.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 328 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Digital Realty Trust by 18.0% in the second quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 148 shares in the last quarter. Sun Life Financial INC boosted its holdings in shares of Digital Realty Trust by 12,844.4% in the second quarter. Sun Life Financial INC now owns 1,165 shares of the real estate investment trust’s stock valued at $132,000 after acquiring an additional 1,156 shares in the last quarter. Almanack Investment Partners LLC. purchased a new stake in shares of Digital Realty Trust in the second quarter valued at about $134,000. Finally, Westside Investment Management Inc. purchased a new stake in shares of Digital Realty Trust in the first quarter valued at about $160,000.
About Digital Realty Trust
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
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