A number of other research analysts also recently commented on DLR. Raymond James downgraded shares of DIGITAL RLTY TR/SH from an outperform rating to a market perform rating and set a $120.00 price objective for the company. in a research report on Monday, March 25th. Zacks Investment Research raised shares of DIGITAL RLTY TR/SH from a hold rating to a buy rating and set a $135.00 price objective for the company in a research report on Thursday, April 11th. Barclays reissued a buy rating and issued a $143.00 price objective on shares of DIGITAL RLTY TR/SH in a research report on Tuesday, April 16th. Jefferies Financial Group downgraded shares of DIGITAL RLTY TR/SH from a buy rating to a hold rating and decreased their price objective for the company from $144.00 to $125.00 in a research report on Tuesday, April 23rd. Finally, Stifel Nicolaus set a $130.00 price objective on shares of DIGITAL RLTY TR/SH and gave the company a buy rating in a research report on Friday, April 26th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. DIGITAL RLTY TR/SH currently has an average rating of Buy and an average price target of $126.27.
DIGITAL RLTY TR/SH stock opened at $124.00 on Monday. The firm has a market capitalization of $25.40 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 2.65 and a beta of 0.43. DIGITAL RLTY TR/SH has a 1-year low of $100.05 and a 1-year high of $125.10. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.18.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Thursday, June 13th. DIGITAL RLTY TR/SH’s payout ratio is 65.45%.
In related news, SVP Joshua A. Mills sold 10,000 shares of DIGITAL RLTY TR/SH stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $119.21, for a total transaction of $1,192,100.00. Following the completion of the sale, the senior vice president now owns 14,166 shares of the company’s stock, valued at approximately $1,688,728.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward F. Sham sold 17,233 shares of DIGITAL RLTY TR/SH stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $119.65, for a total transaction of $2,061,928.45. Following the sale, the insider now directly owns 21,571 shares of the company’s stock, valued at approximately $2,580,970.15. The disclosure for this sale can be found here. Insiders have sold a total of 39,033 shares of company stock valued at $4,691,728 in the last ninety days. 0.49% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Bessemer Group Inc. raised its stake in DIGITAL RLTY TR/SH by 72.6% in the 4th quarter. Bessemer Group Inc. now owns 233 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 98 shares in the last quarter. FTB Advisors Inc. raised its stake in DIGITAL RLTY TR/SH by 217.4% in the 1st quarter. FTB Advisors Inc. now owns 346 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 237 shares in the last quarter. Bremer Trust National Association acquired a new stake in DIGITAL RLTY TR/SH in the 4th quarter worth about $51,000. Princeton Global Asset Management LLC acquired a new stake in DIGITAL RLTY TR/SH in the 1st quarter worth about $51,000. Finally, Bremer Bank National Association acquired a new stake in DIGITAL RLTY TR/SH in the 1st quarter worth about $56,000. 99.17% of the stock is owned by institutional investors and hedge funds.
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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