William Blair Begins Coverage on Digital Realty Trust, Inc. (DLR)
William Blair began coverage on shares of Digital Realty Trust, Inc. (NYSE:DLR) in a report published on Friday morning, MarketBeat reports. The firm issued a market perform rating on the real estate investment trust’s stock.
DLR has been the subject of a number of other reports. Barclays PLC reiterated a buy rating and issued a $132.00 price target on shares of Digital Realty Trust in a research note on Friday, September 8th. BidaskClub upgraded Digital Realty Trust from a hold rating to a buy rating in a research note on Saturday, June 24th. Stifel Nicolaus reiterated a hold rating and issued a $117.00 price target on shares of Digital Realty Trust in a research note on Thursday, September 14th. Jefferies Group LLC reiterated a hold rating and issued a $119.00 price target on shares of Digital Realty Trust in a research note on Friday, September 15th. Finally, Macquarie reiterated a neutral rating and issued a $105.00 price target on shares of Digital Realty Trust in a research note on Tuesday, July 4th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $120.00.
Digital Realty Trust (NYSE DLR) opened at 114.51 on Friday. The company has a market capitalization of $18.57 billion, a P/E ratio of 46.51 and a beta of -0.01. Digital Realty Trust has a one year low of $85.63 and a one year high of $127.23. The stock’s 50 day moving average price is $117.53 and its 200 day moving average price is $113.45.
Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.05. The firm had revenue of $565.99 million during the quarter, compared to analysts’ expectations of $559.93 million. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.42 EPS. Equities analysts anticipate that Digital Realty Trust will post $1.55 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Thursday, September 14th. Digital Realty Trust’s dividend payout ratio is presently 148.21%.
In other news, insider Christopher Sharp sold 25,733 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $116.44, for a total value of $2,996,350.52. Following the transaction, the insider now directly owns 25,733 shares of the company’s stock, valued at $2,996,350.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William G. Laperch acquired 1,200 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $30,000.00. Following the completion of the acquisition, the director now directly owns 1,200 shares of the company’s stock, valued at approximately $30,000. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Digital Realty Trust by 1.0% during the second quarter. Vanguard Group Inc. now owns 27,928,426 shares of the real estate investment trust’s stock worth $3,154,515,000 after acquiring an additional 284,515 shares during the period. BlackRock Inc. grew its holdings in Digital Realty Trust by 2.8% during the second quarter. BlackRock Inc. now owns 15,575,651 shares of the real estate investment trust’s stock worth $1,759,269,000 after acquiring an additional 428,327 shares during the period. State Street Corp grew its holdings in Digital Realty Trust by 0.7% during the first quarter. State Street Corp now owns 9,346,575 shares of the real estate investment trust’s stock worth $994,387,000 after acquiring an additional 69,272 shares during the period. JPMorgan Chase & Co. grew its holdings in Digital Realty Trust by 7.3% during the second quarter. JPMorgan Chase & Co. now owns 3,569,263 shares of the real estate investment trust’s stock worth $403,148,000 after acquiring an additional 243,995 shares during the period. Finally, Northern Trust Corp grew its holdings in Digital Realty Trust by 4.8% during the second quarter. Northern Trust Corp now owns 2,909,241 shares of the real estate investment trust’s stock worth $328,599,000 after acquiring an additional 134,121 shares during the period.
Digital Realty Trust Company Profile
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. 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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