Traders Sell Shares of Digital Realty Trust Inc. (DLR) on Strength (DLR)
Traders sold shares of Digital Realty Trust Inc. (NYSE:DLR) on strength during trading on Wednesday. $47.83 million flowed into the stock on the tick-up and $83.69 million flowed out of the stock on the tick-down, for a money net flow of $35.86 million out of the stock. Of all equities tracked, Digital Realty Trust had the 0th highest net out-flow for the day. Digital Realty Trust traded up $0.19 for the day and closed at $109.82
A number of analysts recently commented on the company. Royal Bank Of Canada decreased their price target on Digital Realty Trust from $105.00 to $89.00 and set an “outperform” rating for the company in a research report on Friday, May 13th. KeyCorp increased their price target on Digital Realty Trust from $88.00 to $97.00 and gave the company an “overweight” rating in a research report on Tuesday, April 5th. Stifel Nicolaus downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Monday, March 21st. They noted that the move was a valuation call. Citigroup Inc. decreased their price target on Digital Realty Trust from $108.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, July 7th. Finally, Wells Fargo & Co. assumed coverage on Digital Realty Trust in a research report on Tuesday, May 31st. They set an “outperform” rating for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $86.07.
The stock’s 50 day moving average is $103.34 and its 200-day moving average is $89.08. The firm has a market capitalization of $16.12 billion and a P/E ratio of 100.84.
Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, April 28th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.09. During the same period last year, the company earned $1.27 earnings per share. The firm earned $504.19 million during the quarter, compared to analysts’ expectations of $515.08 million. The business’s revenue for the quarter was up 24.0% compared to the same quarter last year. On average, equities research analysts expect that Digital Realty Trust Inc. will post $5.56 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Monday, June 13th.
In other news, CEO A William Stein sold 16,017 shares of the firm’s stock in a transaction that occurred on Tuesday, May 3rd. The shares were sold at an average price of $89.32, for a total transaction of $1,430,638.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Bernard Geoghegan sold 586 shares of the firm’s stock in a transaction that occurred on Wednesday, May 4th. The stock was sold at an average price of $90.70, for a total transaction of $53,150.20. Following the transaction, the director now directly owns 7,185 shares in the company, valued at $651,679.50. The disclosure for this sale can be found here.
Several institutional investors recently modified their holdings of DLR. Vanguard Group Inc. raised its position in shares of Digital Realty Trust by 7.2% in the fourth quarter. Vanguard Group Inc. now owns 20,540,666 shares of the real estate investment trust’s stock worth $1,553,286,000 after buying an additional 1,374,273 shares during the period. Jennison Associates LLC raised its position in shares of Digital Realty Trust by 76.6% in the fourth quarter. Jennison Associates LLC now owns 2,416,718 shares of the real estate investment trust’s stock worth $182,752,000 after buying an additional 1,048,043 shares during the period. BHF Kleinwort Benson Group S.A. bought a new position in shares of Digital Realty Trust during the fourth quarter worth approximately $54,227,000. Advantus Capital Management Inc raised its position in shares of Digital Realty Trust by 162.9% in the fourth quarter. Advantus Capital Management Inc now owns 276,600 shares of the real estate investment trust’s stock worth $20,916,000 after buying an additional 171,400 shares during the period. Finally, OppenheimerFunds Inc. raised its position in shares of Digital Realty Trust by 12.1% in the fourth quarter. OppenheimerFunds Inc. now owns 1,077,323 shares of the real estate investment trust’s stock worth $81,467,000 after buying an additional 116,060 shares during the period.
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company owns, acquires, develops and manages technology-related real estate. 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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