Digital Realty Trust Inc. (DLR) Shares Gap Down to $99.45
Digital Realty Trust Inc. (NYSE:DLR)’s share price gapped down before the market opened on Monday . The stock had previously closed at $99.16, but opened at $99.45. Digital Realty Trust shares last traded at $100.10, with a volume of 1,260,400 shares trading hands.
Several research firms have recently weighed in on DLR. Royal Bank Of Canada lowered their price target on Digital Realty Trust from $105.00 to $89.00 and set an “outperform” rating on the stock in a report on Friday, May 13th. Jefferies Group reissued a “hold” rating on shares of Digital Realty Trust in a report on Tuesday, August 23rd. Citigroup Inc. lowered their price target on Digital Realty Trust from $108.00 to $91.00 and set a “neutral” rating on the stock 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 on the stock. Finally, Zacks Investment Research cut Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, May 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $97.35.
The company has a market capitalization of $14.70 billion and a P/E ratio of 222.44. The company has a 50-day moving average of $102.45 and a 200-day moving average of $95.33.
Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, July 28th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.04. During the same quarter in the prior year, the firm earned $1.30 earnings per share. The business had revenue of $514.90 million for the quarter, compared to analyst estimates of $507.72 million. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. Equities research analysts expect that Digital Realty Trust Inc. will post $5.71 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a dividend of $0.88 per share. The ex-dividend date is Tuesday, September 13th. This represents a $3.52 dividend on an annualized basis and a yield of 3.52%.
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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