Digital Realty Trust Inc. (DLR) Shares Gap Up to $99.45
Digital Realty Trust Inc. (NYSE:DLR) gapped up prior to trading on Friday . The stock had previously closed at $99.16, but opened at $99.45. Digital Realty Trust shares last traded at $100.65, with a volume of 523,471 shares.
Several equities research analysts have weighed in on the company. Jefferies Group reissued a “hold” rating on shares of Digital Realty Trust in a report on Monday. Barclays PLC raised their price target on Digital Realty Trust from $118.00 to $126.00 and gave the stock an “overweight” rating in a report on Friday, August 12th. RBC Capital Markets reissued an “outperform” rating and issued a $120.00 price target (up previously from $105.00) on shares of Digital Realty Trust in a report on Thursday, August 4th. Royal Bank Of Canada raised their price target on Digital Realty Trust from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, August 4th. Finally, TheStreet downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. Digital Realty Trust presently has an average rating of “Hold” and a consensus price target of $97.35.
The company has a 50 day moving average of $102.45 and a 200 day moving average of $95.33. The stock has a market capitalization of $14.70 billion and a PE ratio of 222.44.
Digital Realty Trust (NYSE:DLR) last announced 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. The firm earned $514.90 million during the quarter, compared to analyst estimates of $507.72 million. During the same period last year, the company earned $1.30 earnings per share. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. On average, equities analysts predict that Digital Realty Trust Inc. will post $5.71 EPS for the current fiscal year.
The company 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 $0.88 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.52%.
A hedge fund recently raised its stake in Digital Realty Trust stock. BlackRock Advisors LLC boosted its position in shares of Digital Realty Trust Inc. (NYSE:DLR) by 7.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 236,467 shares of the real estate investment trust’s stock after buying an additional 16,712 shares during the period. BlackRock Advisors LLC owned approximately 0.16% of Digital Realty Trust worth $17,882,000 as of its most recent filing with the SEC.
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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