Digital Realty Trust Inc. (DLR) Stock Price Down 0.9%
Digital Realty Trust Inc. (NYSE:DLR)’s share price fell 0.9% during mid-day trading on Monday . The company traded as low as $102.28 and last traded at $102.28, with a volume of 306,906 shares. The stock had previously closed at $103.24.
A number of brokerages have recently issued reports on DLR. Royal Bank Of Canada lowered their target price on shares of Digital Realty Trust from $105.00 to $89.00 and set an “outperform” rating on the stock in a research report on Friday, May 13th. 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 report on Thursday, July 7th. Wells Fargo & Co. began coverage on Digital Realty Trust in a report on Tuesday, May 31st. They set an “outperform” rating for the company. Zacks Investment Research downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, May 18th. Finally, SunTrust Banks Inc. began coverage on Digital Realty Trust in a report on Thursday, July 21st. They set a “buy” rating and a $125.00 price target for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $97.35.
The stock has a 50-day moving average of $105.69 and a 200-day moving average of $93.73. The company has a market cap of $14.81 billion and a price-to-earnings ratio of 224.122.
Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, July 28th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.04. The business had revenue of $514.90 million for the quarter, compared to the consensus estimate of $507.72 million. During the same quarter in the previous year, the company earned $1.30 earnings per share. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. Equities research analysts anticipate that Digital Realty Trust Inc. will post $5.70 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend is Tuesday, September 13th.
Other large investors have added to or reduced their stakes in the company. BlackRock Advisors LLC boosted its stake in Digital Realty Trust by 7.6% in the fourth quarter. BlackRock Advisors LLC now owns 236,467 shares of the real estate investment trust’s stock valued at $17,882,000 after buying an additional 16,712 shares during the last quarter. Utah Retirement Systems boosted its stake in Digital Realty Trust by 6.9% in the fourth quarter. Utah Retirement Systems now owns 34,094 shares of the real estate investment trust’s stock valued at $2,578,000 after buying an additional 2,200 shares during the last quarter. KBC Group NV boosted its stake in Digital Realty Trust by 9.3% in the fourth quarter. KBC Group NV now owns 35,500 shares of the real estate investment trust’s stock valued at $2,685,000 after buying an additional 3,017 shares during the last quarter. Employees Retirement System of Texas boosted its stake in Digital Realty Trust by 37.9% in the fourth quarter. Employees Retirement System of Texas now owns 131,030 shares of the real estate investment trust’s stock valued at $9,908,000 after buying an additional 36,000 shares during the last quarter. Finally, Stephens Inc. AR boosted its stake in Digital Realty Trust by 6.2% in the fourth quarter. Stephens Inc. AR now owns 49,254 shares of the real estate investment trust’s stock valued at $3,725,000 after buying an additional 2,879 shares during the last quarter.
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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