Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $153.75, but opened at $160.17. Digital Realty Trust shares last traded at $161.17, with a volume of 370,454 shares changing hands.
Wall Street Analyst Weigh In
Several research analysts have commented on DLR shares. Wells Fargo & Company cut their price objective on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. UBS Group raised shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. Barclays lowered their price target on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a report on Thursday, March 20th. JMP Securities reiterated a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a research note on Monday. Finally, StockNews.com cut Digital Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, February 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $183.05.
Check Out Our Latest Stock Analysis on DLR
Digital Realty Trust Stock Up 0.4 %
The stock has a fifty day moving average of $150.10 and a 200-day moving average of $167.72. The firm has a market capitalization of $54.05 billion, a price-to-earnings ratio of 99.07, a PEG ratio of 4.38 and a beta of 0.92. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80.
Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.04. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Digital Realty Trust's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.67 earnings per share. As a group, sell-side analysts expect that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.
Digital Realty Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.04%. Digital Realty Trust's payout ratio is 301.23%.
Hedge Funds Weigh In On Digital Realty Trust
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DLR. Invesco Ltd. boosted its position in Digital Realty Trust by 18.4% during the fourth quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock worth $692,630,000 after purchasing an additional 607,132 shares during the period. Private Advisor Group LLC raised its holdings in Digital Realty Trust by 4.1% in the 4th quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust's stock valued at $2,400,000 after acquiring an additional 527 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its position in Digital Realty Trust by 17.7% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust's stock worth $11,768,000 after purchasing an additional 9,959 shares during the period. Capital Investment Advisors LLC boosted its position in shares of Digital Realty Trust by 26.4% during the 4th quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust's stock valued at $9,682,000 after acquiring an additional 11,405 shares in the last quarter. Finally, Leavell Investment Management Inc. grew its stake in shares of Digital Realty Trust by 74.1% in the 4th quarter. Leavell Investment Management Inc. now owns 18,283 shares of the real estate investment trust's stock valued at $3,262,000 after purchasing an additional 7,781 shares during the period. Institutional investors own 99.71% of the company's stock.
About Digital Realty Trust
(
Get Free Report)
Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.
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