Digital Realty Trust Inc. (DLR) Stock Price Down 2.6%
Shares of Digital Realty Trust Inc. (NYSE:DLR) fell 2.6% during trading on Thursday . The stock traded as low as $101.26 and last traded at $102.15, with a volume of 1,445,539 shares traded. The stock had previously closed at $104.88.
Several brokerages recently commented on DLR. Jefferies Group reiterated a “buy” rating and set a $106.00 price target on shares of Digital Realty Trust in a research report on Friday, April 29th. Royal Bank Of Canada dropped 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. Citigroup Inc. lowered their price objective on Digital Realty Trust from $108.00 to $91.00 and set a “neutral” rating on the stock in a research note on Thursday, July 7th. Zacks Investment Research raised Digital Realty Trust from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research note on Wednesday, May 4th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $114.00 price objective (up previously from $102.00) on shares of Digital Realty Trust in a research note on Monday, July 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. Digital Realty Trust currently has an average rating of “Hold” and an average price target of $92.25.
The firm has a 50 day moving average of $105.11 and a 200 day moving average of $90.36. The company has a market cap of $15.51 billion and a P/E ratio of 97.02.
Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, April 28th. The real estate investment trust reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.09. The company had revenue of $504.19 million for the quarter, compared to analysts’ expectations of $515.08 million. The business’s quarterly revenue was up 24.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.27 EPS. Analysts expect that Digital Realty Trust Inc. will post $5.58 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Monday, June 13th.
In other Digital Realty Trust news, CEO A William Stein sold 16,017 shares of the firm’s stock in a transaction on Tuesday, May 3rd. The stock was sold at an average price of $89.32, for a total transaction of $1,430,638.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bernard Geoghegan sold 586 shares of the firm’s stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $90.70, for a total value of $53,150.20. Following the transaction, the director now directly owns 7,185 shares of the company’s stock, valued at approximately $651,679.50. The disclosure for this sale can be found here.
Several large investors have bought and sold shares of DLR. Victory Capital Management Inc. boosted its stake in Digital Realty Trust by 0.6% in the fourth quarter. Victory Capital Management Inc. now owns 942,379 shares of the real estate investment trust’s stock valued at $71,262,000 after buying an additional 5,446 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in Digital Realty Trust by 9.0% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 36,729 shares of the real estate investment trust’s stock valued at $2,777,000 after buying an additional 3,025 shares during the period. Principal Financial Group Inc. boosted its stake in Digital Realty Trust by 10.7% in the fourth quarter. Principal Financial Group Inc. now owns 500,661 shares of the real estate investment trust’s stock valued at $37,860,000 after buying an additional 48,502 shares during the period. Bank of Montreal Can boosted its stake in Digital Realty Trust by 1.2% in the fourth quarter. Bank of Montreal Can now owns 41,101 shares of the real estate investment trust’s stock valued at $3,107,000 after buying an additional 468 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in Digital Realty Trust by 36.2% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 145,767 shares of the real estate investment trust’s stock valued at $11,023,000 after buying an additional 38,740 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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