Digital Realty Trust Inc. (DLR) Shares Down 2%
Digital Realty Trust Inc. (NYSE:DLR)’s share price dropped 2% on Tuesday . The stock traded as low as $99.27 and last traded at $99.54, with a volume of 751,231 shares changing hands. The stock had previously closed at $101.61.
DLR has been the topic of several analyst reports. Cowen and Company downgraded shares of Digital Realty Trust from an “outperform” rating to a “market perform” rating in a report on Friday, July 29th. Jefferies Group reaffirmed a “hold” rating on shares of Digital Realty Trust in a report on Tuesday. Royal Bank Of Canada lifted their price target on shares of Digital Realty Trust from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. RBC Capital Markets reaffirmed an “outperform” rating and set a $120.00 price target (up previously from $105.00) on shares of Digital Realty Trust in a report on Thursday, August 4th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $114.00 price target (up previously from $102.00) on shares of Digital Realty Trust in a report on Monday, July 18th. 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 stock. Digital Realty Trust has a consensus rating of “Hold” and a consensus target price of $97.35.
The company has a 50-day moving average price of $104.42 and a 200-day moving average price of $94.50. The company has a market cap of $14.52 billion and a PE ratio of 219.73.
Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.04. The firm earned $514.90 million during the quarter, compared to analysts’ expectations of $507.72 million. During the same quarter in the previous year, the business posted $1.30 EPS. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. On average, equities analysts predict that Digital Realty Trust Inc. will post $5.70 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $3.52 dividend on an annualized basis and a yield of 3.56%.
Other hedge funds and institutional investors have recently made changes to their positions in the company. US Bancorp DE raised its position in shares of Digital Realty Trust by 17.0% in the fourth quarter. US Bancorp DE now owns 16,809 shares of the real estate investment trust’s stock worth $1,270,000 after buying an additional 2,445 shares during the last quarter. Utah Retirement Systems raised its position 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 in the last quarter. KBC Group NV raised its position 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 in the last quarter. Finally, BlackRock Advisors LLC raised its position 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 in 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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