DIGITAL RLTY TR/SH (NYSE:DLR) Director Kevin Kennedy sold 400 shares of the stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $114.51, for a total value of $45,804.00. Following the completion of the transaction, the director now directly owns 400 shares of the company’s stock, valued at approximately $45,804. The sale was disclosed in a filing with the SEC, which is accessible through this link.

DLR stock opened at $115.72 on Friday. DIGITAL RLTY TR/SH has a twelve month low of $96.56 and a twelve month high of $125.10. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market cap of $24.11 billion, a P/E ratio of 18.85, a P/E/G ratio of 2.57 and a beta of 0.44.

DIGITAL RLTY TR/SH (NYSE:DLR) last posted its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($1.29). DIGITAL RLTY TR/SH had a net margin of 11.78% and a return on equity of 3.96%. The company had revenue of $768.92 million for the quarter, compared to the consensus estimate of $773.08 million. Equities research analysts forecast that DIGITAL RLTY TR/SH will post 6.6 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Friday, December 14th will be given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Thursday, December 13th. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is presently 65.80%.

A number of hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its position in DIGITAL RLTY TR/SH by 22.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,410 shares of the real estate investment trust’s stock valued at $269,000 after buying an additional 436 shares in the last quarter. Hunter Associates Investment Management LLC increased its position in DIGITAL RLTY TR/SH by 4.5% during the 2nd quarter. Hunter Associates Investment Management LLC now owns 10,500 shares of the real estate investment trust’s stock valued at $1,172,000 after buying an additional 450 shares in the last quarter. Holderness Investments Co. increased its position in DIGITAL RLTY TR/SH by 18.6% during the 3rd quarter. Holderness Investments Co. now owns 3,025 shares of the real estate investment trust’s stock valued at $340,000 after buying an additional 475 shares in the last quarter. IFP Advisors Inc increased its position in DIGITAL RLTY TR/SH by 11.5% during the 2nd quarter. IFP Advisors Inc now owns 4,716 shares of the real estate investment trust’s stock valued at $526,000 after buying an additional 485 shares in the last quarter. Finally, State Treasurer State of Michigan increased its position in DIGITAL RLTY TR/SH by 0.8% during the 2nd quarter. State Treasurer State of Michigan now owns 60,960 shares of the real estate investment trust’s stock valued at $6,802,000 after buying an additional 500 shares in the last quarter. 99.10% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on DLR. Guggenheim raised DIGITAL RLTY TR/SH from a “neutral” rating to a “buy” rating and set a $125.00 target price for the company in a research report on Monday, October 22nd. Royal Bank of Canada decreased their target price on DIGITAL RLTY TR/SH from $131.00 to $124.00 and set an “outperform” rating for the company in a research report on Monday, November 5th. BMO Capital Markets set a $120.00 target price on DIGITAL RLTY TR/SH and gave the stock a “hold” rating in a research report on Friday, October 26th. Berenberg Bank began coverage on DIGITAL RLTY TR/SH in a research report on Thursday, September 20th. They issued a “hold” rating and a $127.00 target price for the company. Finally, Citigroup decreased their target price on DIGITAL RLTY TR/SH from $131.00 to $126.00 and set a “buy” rating for the company in a research report on Tuesday, November 6th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. DIGITAL RLTY TR/SH has an average rating of “Buy” and a consensus price target of $125.47.

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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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