Traders Buy Digital Realty Trust (DLR) on Weakness

Traders purchased shares of Digital Realty Trust, Inc. (NYSE:DLR) on weakness during trading hours on Wednesday. $45.47 million flowed into the stock on the tick-up and $17.39 million flowed out of the stock on the tick-down, for a money net flow of $28.08 million into the stock. Of all companies tracked, Digital Realty Trust had the 32nd highest net in-flow for the day. Digital Realty Trust traded down ($0.38) for the day and closed at $112.64

DLR has been the subject of several research analyst reports. Deutsche Bank boosted their price objective on Digital Realty Trust from $111.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Zacks Investment Research lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Barclays reiterated a “buy” rating and issued a $132.00 price objective on shares of Digital Realty Trust in a research report on Friday, September 8th. William Blair initiated coverage on Digital Realty Trust in a research report on Friday, September 22nd. They issued a “market perform” rating for the company. Finally, Citigroup reiterated a “neutral” rating and issued a $127.00 price objective on shares of Digital Realty Trust in a research report on Tuesday, September 26th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Digital Realty Trust has a consensus rating of “Hold” and an average price target of $125.07.

The company has a debt-to-equity ratio of 0.85, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a market capitalization of $23,140.00, a PE ratio of 18.49, a price-to-earnings-growth ratio of 2.83 and a beta of -0.10.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $1.11. Digital Realty Trust had a return on equity of 5.15% and a net margin of 11.71%. The firm had revenue of $609.90 million during the quarter, compared to the consensus estimate of $595.49 million. During the same quarter in the prior year, the firm posted $1.44 EPS. The business’s revenue was up 11.6% on a year-over-year basis. equities analysts anticipate that Digital Realty Trust, Inc. will post 6.09 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Thursday, December 14th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 302.44%.

A number of large investors have recently added to or reduced their stakes in DLR. Cohen & Steers Inc. raised its stake in shares of Digital Realty Trust by 100.4% during the 3rd quarter. Cohen & Steers Inc. now owns 13,229,368 shares of the real estate investment trust’s stock worth $1,565,431,000 after purchasing an additional 6,626,871 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Digital Realty Trust by 41.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 6,474,187 shares of the real estate investment trust’s stock worth $766,091,000 after purchasing an additional 1,897,642 shares in the last quarter. AEW Capital Management L P raised its stake in shares of Digital Realty Trust by 295.4% during the 3rd quarter. AEW Capital Management L P now owns 1,580,668 shares of the real estate investment trust’s stock worth $187,040,000 after purchasing an additional 1,180,868 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Digital Realty Trust by 171.5% during the 2nd quarter. Principal Financial Group Inc. now owns 1,645,291 shares of the real estate investment trust’s stock worth $185,835,000 after purchasing an additional 1,039,244 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Digital Realty Trust by 79.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,332,689 shares of the real estate investment trust’s stock worth $276,860,000 after purchasing an additional 1,032,004 shares in the last quarter. 98.54% of the stock is owned by hedge funds and other institutional investors.

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About Digital Realty Trust

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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