Digital Realty Trust, Inc. (DLR) Director Buys $30,000.00 in Stock
Digital Realty Trust, Inc. (NYSE:DLR) Director William G. Laperch acquired 1,200 shares of Digital Realty Trust stock in a transaction dated Monday, August 7th. The shares were bought at an average price of $25.00 per share, with a total value of $30,000.00. Following the transaction, the director now directly owns 1,200 shares in the company, valued at approximately $30,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Digital Realty Trust, Inc. (NYSE:DLR) traded up 0.56% during trading on Wednesday, reaching $114.41. 656,944 shares of the company’s stock traded hands. The company has a 50 day moving average of $114.26 and a 200-day moving average of $110.85. Digital Realty Trust, Inc. has a 1-year low of $85.63 and a 1-year high of $121.53. The company has a market capitalization of $18.56 billion, a price-to-earnings ratio of 46.47 and a beta of -0.03.
Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.05. The company had revenue of $565.99 million for the quarter, compared to analysts’ expectations of $559.93 million. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the business posted $1.42 earnings per share. Equities analysts predict that Digital Realty Trust, Inc. will post $1.58 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Thursday, September 14th. Digital Realty Trust’s payout ratio is 148.21%.
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Several brokerages have recently weighed in on DLR. Stifel Nicolaus boosted their price objective on shares of Digital Realty Trust from $110.00 to $117.00 and gave the stock a “hold” rating in a research report on Monday, May 1st. Wells Fargo & Company restated a “market perform” rating on shares of Digital Realty Trust in a research report on Monday, June 12th. Zacks Investment Research cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Digital Realty Trust in a report on Monday, May 1st. Finally, Cowen and Company raised shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $106.00 to $126.00 in a report on Monday, June 12th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $116.67.
A number of large investors have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its stake in 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 worth $112,000 after buying an additional 148 shares during the last quarter. Ledyard National Bank boosted its stake in Digital Realty Trust by 15.9% in the first quarter. Ledyard National Bank now owns 1,095 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 150 shares during the last quarter. Muzinich & Co. Inc. boosted its stake in Digital Realty Trust by 37.1% in the first quarter. Muzinich & Co. Inc. now owns 1,414 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 383 shares during the last quarter. Westside Investment Management Inc. bought a new stake in Digital Realty Trust during the first quarter worth about $160,000. Finally, Security National Trust Co. bought a new stake in Digital Realty Trust during the second quarter worth about $164,000.
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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