Digital Realty Trust (NYSE:DLR) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Digital Realty Trust, Inc. (NYSE:DLR) crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $180.00 and traded as high as $181.94. Digital Realty Trust shares last traded at $180.0350, with a volume of 2,418,118 shares traded.

Analyst Ratings Changes

A number of analysts have commented on DLR shares. Weiss Ratings cut shares of Digital Realty Trust from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, November 2nd. Freedom Broker lowered their price objective on shares of Digital Realty Trust from $233.00 to $227.00 and set a “buy” rating on the stock in a research note on Friday, October 30th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $237.00 target price on shares of Digital Realty Trust in a report on Friday, October 30th. Citigroup raised their target price on shares of Digital Realty Trust from $226.00 to $234.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Finally, Evercore reiterated an “outperform” rating and issued a $240.00 target price on shares of Digital Realty Trust in a research note on Tuesday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $221.53.

Digital Realty Trust Stock Up 0.2%

The firm has a fifty day simple moving average of $179.87 and a 200-day simple moving average of $183.66. The firm has a market cap of $68.54 billion, a price-to-earnings ratio of 75.80, a P/E/G ratio of 3.55 and a beta of 0.97. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 0.72.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported $0.48 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.04). The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.75 billion. Digital Realty Trust had a net margin of 13.06% and a return on equity of 3.68%. Digital Realty Trust’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.89 earnings per share. As a group, sell-side analysts expect that Digital Realty Trust, Inc. will post 8.40 EPS for the current year.

Insider Buying and Selling

In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $193.96, for a total value of $38,792.00. Following the transaction, the director directly owned 6,322 shares of the company’s stock, valued at $1,226,215.12. This represents a 3.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.15% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Digital Realty Trust

A number of institutional investors have recently modified their holdings of the business. Denali Advisors LLC raised its stake in Digital Realty Trust by 1.3% in the 2nd quarter. Denali Advisors LLC now owns 4,359 shares of the real estate investment trust’s stock worth $783,000 after purchasing an additional 56 shares in the last quarter. Twin Capital Management Inc. boosted its holdings in Digital Realty Trust by 1.1% in the 1st quarter. Twin Capital Management Inc. now owns 5,618 shares of the real estate investment trust’s stock valued at $1,012,000 after purchasing an additional 59 shares during the period. Cidel Asset Management Inc. grew its position in shares of Digital Realty Trust by 4.0% during the 3rd quarter. Cidel Asset Management Inc. now owns 1,620 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 62 shares in the last quarter. Verity Asset Management Inc. grew its position in shares of Digital Realty Trust by 2.0% during the 3rd quarter. Verity Asset Management Inc. now owns 3,345 shares of the real estate investment trust’s stock worth $587,000 after purchasing an additional 64 shares in the last quarter. Finally, Syon Capital LLC increased its holdings in shares of Digital Realty Trust by 2.5% during the second quarter. Syon Capital LLC now owns 2,845 shares of the real estate investment trust’s stock worth $511,000 after purchasing an additional 70 shares during the period. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc. is a real estate investment trust that owns, operates and develops data centers. Its facilities support customers’ IT infrastructure, including the equipment and systems used to store, process and exchange digital information. The company provides data center space and related services, including colocation, interconnection and access to cloud and network providers. Its PlatformDIGITAL offering connects businesses with customers, partners and service providers across its data center portfolio.