Digital Realty Trust Inc. (DLR) Shares Gap Up to $99.45
Digital Realty Trust Inc. (NYSE:DLR) gapped up before the market opened 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 trading hands.
Several brokerages recently commented on DLR. 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 target price on the stock. KeyCorp reissued a “buy” rating and set a $121.00 target price on shares of Digital Realty Trust in a report on Friday, July 29th. Jefferies Group reissued a “buy” rating and set a $108.00 target price on shares of Digital Realty Trust in a report on Wednesday, July 6th. Deutsche Bank AG reissued a “buy” rating and set a $114.00 target price (up previously from $102.00) on shares of Digital Realty Trust in a report on Monday, July 18th. Finally, Zacks Investment Research cut Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, May 18th. One investment 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. The company has a consensus rating of “Hold” and a consensus price target of $97.35.
The company has a market cap of $14.70 billion and a price-to-earnings ratio of 222.44. The company’s 50-day moving average is $102.45 and its 200-day moving average is $95.33.
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 the Thomson Reuters’ consensus estimate of $1.38 by $0.04. The business earned $514.90 million during the quarter, compared to analyst estimates of $507.72 million. During the same quarter in the prior year, the company earned $1.30 earnings per share. The company’s quarterly revenue was up 22.5% on a year-over-year basis. On average, equities analysts predict that Digital Realty Trust Inc. will post $5.71 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be issued a $0.88 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $3.52 annualized dividend and a yield of 3.52%.
A hedge fund recently raised its stake in Digital Realty Trust stock. BlackRock Advisors LLC raised its stake in shares of Digital Realty Trust Inc. (NYSE:DLR) by 7.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.
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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