Digital Realty Trust, Inc. (DLR) Given Consensus Recommendation of “Hold” by Analysts
Digital Realty Trust, Inc. (NYSE:DLR) has earned an average rating of “Hold” from the eighteen brokerages that are presently covering the company, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $125.25.
Several research firms have recently issued reports on DLR. SunTrust Banks restated a “buy” rating and issued a $135.00 target price on shares of Digital Realty Trust in a report on Friday, November 24th. Canaccord Genuity restated a “buy” rating and issued a $127.00 target price on shares of Digital Realty Trust in a report on Friday, August 18th. Zacks Investment Research upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a report on Monday, October 30th. KeyCorp set a $130.00 target price on shares of Digital Realty Trust and gave the stock a “buy” rating in a report on Sunday, October 29th. Finally, William Blair began coverage on shares of Digital Realty Trust in a research note on Friday, September 22nd. They issued a “market perform” rating on the stock.
Digital Realty Trust (DLR) traded up $0.41 during trading on Friday, hitting $115.31. 1,225,916 shares of the stock traded hands, compared to its average volume of 1,272,177. The company has a market cap of $23,615.63, a price-to-earnings ratio of 19.22, a PEG ratio of 2.88 and a beta of -0.10. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.85. Digital Realty Trust has a 12-month low of $93.39 and a 12-month high of $127.23.
Digital Realty Trust (NYSE:DLR) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $1.11. The firm had revenue of $609.90 million during the quarter, compared to analyst estimates of $595.49 million. Digital Realty Trust had a net margin of 11.71% and a return on equity of 5.15%. The business’s revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the business earned $1.44 EPS. equities analysts forecast that Digital Realty Trust will post 6.1 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 15th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, December 14th. Digital Realty Trust’s dividend payout ratio is presently 300.00%.
A number of hedge funds have recently bought and sold shares of the stock. Amica Retiree Medical Trust purchased a new position in Digital Realty Trust during the 3rd quarter valued at about $102,000. Grove Bank & Trust increased its position in Digital Realty Trust by 1,284.6% during the 3rd quarter. Grove Bank & Trust now owns 900 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 835 shares during the period. Northwestern Mutual Wealth Management Co. increased 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 valued at $110,000 after purchasing an additional 328 shares during the period. Parallel Advisors LLC increased its position in Digital Realty Trust by 18.0% during the 2nd quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 148 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its position in Digital Realty Trust by 4,984.2% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 966 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 947 shares during the period. 98.54% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Digital Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Realty Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.