Somewhat Positive Media Coverage Somewhat Unlikely to Impact DIGITAL RLTY TR/SH (DLR) Stock Price
News stories about DIGITAL RLTY TR/SH (NYSE:DLR) have been trending somewhat positive on Wednesday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. DIGITAL RLTY TR/SH earned a news impact score of 0.23 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.2557137890786 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of NYSE DLR opened at $123.04 on Wednesday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.95. The firm has a market cap of $25.28 billion, a price-to-earnings ratio of 20.04, a P/E/G ratio of 2.70 and a beta of 0.14. DIGITAL RLTY TR/SH has a 12-month low of $96.56 and a 12-month high of $126.51.
DIGITAL RLTY TR/SH (NYSE:DLR) last announced its earnings results on Thursday, July 26th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($1.29). The company had revenue of $754.91 million for the quarter, compared to the consensus estimate of $759.30 million. DIGITAL RLTY TR/SH had a net margin of 9.79% and a return on equity of 3.02%. The firm’s revenue was up 33.4% compared to the same quarter last year. During the same period last year, the business posted $1.54 EPS. equities research analysts expect that DIGITAL RLTY TR/SH will post 6.6 EPS for the current year.
Several brokerages recently issued reports on DLR. Royal Bank of Canada reissued a “buy” rating and issued a $131.00 price objective on shares of DIGITAL RLTY TR/SH in a research note on Monday, August 13th. Zacks Investment Research cut DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Credit Suisse Group set a $130.00 target price on DIGITAL RLTY TR/SH and gave the company a “hold” rating in a research report on Wednesday, August 8th. Barclays increased their target price on DIGITAL RLTY TR/SH from $139.00 to $141.00 and gave the company an “overweight” rating in a research report on Thursday, August 2nd. Finally, BMO Capital Markets increased their target price on DIGITAL RLTY TR/SH from $120.00 to $124.00 and gave the company a “market perform” rating in a research report on Monday, July 30th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. DIGITAL RLTY TR/SH currently has a consensus rating of “Buy” and an average target price of $127.25.
In other news, insider Edward F. Sham sold 10,435 shares of the firm’s stock in a transaction on Friday, July 6th. The stock was sold at an average price of $115.00, for a total value of $1,200,025.00. Following the completion of the sale, the insider now owns 6,207 shares of the company’s stock, valued at approximately $713,805. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joshua A. Mills sold 5,000 shares of the firm’s stock in a transaction on Tuesday, June 26th. The stock was sold at an average price of $110.00, for a total value of $550,000.00. Following the completion of the sale, the senior vice president now directly owns 9,166 shares of the company’s stock, valued at approximately $1,008,260. The disclosure for this sale can be found here. Insiders sold a total of 20,435 shares of company stock valued at $2,318,775 in the last three months. Insiders own 0.43% of the company’s stock.
About DIGITAL RLTY TR/SH
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.
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