In yesterday’s Wall Street session, Digital Realty Trust Inc. (NYSE:DLR) shares traded at $120.15, up 1.17% from the previous session.
21 analysts cover Digital Realty Trust Inc. (NYSE:DLR), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $175.00 and a low of $80.00, we find $113.00. Given the previous closing price of $118.76, this indicates a potential downside of -4.85 percent. DLR stock price is now 13.91% away from the 50-day moving average and 16.55% away from the 200-day moving average. The market capitalization of the company currently stands at $34.60B.
The stock has received a hold rating from 10 analysts and a buy rating from 9. Brokers who have rated the stock have averaged $118.28 as their price target over the next twelve months.
With the price target reduced from $121 to $100, BMO Capital Markets Downgraded its rating from Outperform to Market Perform for Digital Realty Trust Inc. (NYSE: DLR).
In other news, Olson Peter C., CHIEF ACCOUNTING OFFICER sold 700 shares of the company’s stock on Jun 12. The stock was sold for $73,969 at an average price of $105.67. Upon completion of the transaction, the CHIEF ACCOUNTING OFFICER now directly owns 7,134 shares in the company, valued at $0.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15, Director MANDEVILLE JEAN F H P sold 1,500 shares of the business’s stock. A total of $146,205 was realized by selling the stock at an average price of $97.47. This leaves the insider owning 10,176 shares of the company worth $1.22 million. Insiders disposed of 35,207 shares of company stock worth roughly $4.23 million over the past 1 year. A total of 0.12% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DLR stock. A new stake in Digital Realty Trust Inc. shares was purchased by OFI INVEST ASSET MANAGEMENT during the first quarter worth $164,033,000. GRS ADVISORS, LLC invested $23,159,000 in shares of DLR during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in Digital Realty Trust Inc. valued at approximately $18,708,000. ALBERTA INVESTMENT MANAGEMENT CORP acquired a new stake in DLR for approximately $18,407,000. GATEWAY INVESTMENT ADVISERS LLC purchased a new stake in DLR valued at around $15,453,000 in the second quarter. In total, there are 1,344 active investors with 98.40% ownership of the company’s stock.
On Friday morning Digital Realty Trust Inc. (NYSE: DLR) stock kicked off with the opening price of $119.12. During the past 12 months, Digital Realty Trust Inc. has had a low of $85.76 and a high of $138.09. According to the stock market information, the enterprise value for the company is $54.93B, which is based on a 106.23 price-to-earnings ratio, a 45.89 price-to-earnings-growth ratio, and a beta of 0.56. The fifty day moving average price for DLR is $105.95 and a two-hundred day moving average price translates $103.19 for the stock.
The latest earnings results from Digital Realty Trust Inc. (NYSE: DLR) was released for Mar, 2023. According to the REIT – Specialty Company, earnings per share came in at $0.19, missing analysts’ expectations of $0.22 by -0.03. This compares to $0.22 EPS in the same period last year. The net profit margin was 6.80% and return on equity was 2.00% for DLR. The company reported revenue of $1.34 billion for the quarter, compared to $1.13 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.75 percent. For the current quarter, analysts expect DLR to generate $1.36B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/30/2023. Investors who held shares on 06/15/2023 were paid a $1.22 dividend. On an annualized basis, this represents a $4.88 dividend and a 4.06% percent yield. There was an ex-dividend date of 06/14/2023 for this dividend. In terms of dividend payout ratio, DLR is presently at 314.00%.
Digital Realty Trust Inc.(DLR) Company Profile
Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL, the company’s global data center platform, provides customers with a secure data “meeting place” and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected communities that matter to them with a global data center footprint of 300+ facilities in 50+ metros across 28 countries on six continents.
