Shares of DIGITAL RLTY TR/SH (NYSE:DLR) have earned an average rating of “Hold” from the sixteen brokerages that are currently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $127.36.
A number of analysts have recently issued reports on DLR shares. Argus started coverage on shares of DIGITAL RLTY TR/SH in a research note on Wednesday, July 3rd. They set a “buy” rating and a $140.00 target price for the company. Zacks Investment Research upgraded shares of DIGITAL RLTY TR/SH from a “sell” rating to a “hold” rating and set a $125.00 target price for the company in a research note on Friday, June 28th. Morgan Stanley cut shares of DIGITAL RLTY TR/SH from an “overweight” rating to an “equal” rating and raised their target price for the stock from $118.00 to $122.00 in a research note on Thursday. ValuEngine cut shares of DIGITAL RLTY TR/SH from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Finally, Barclays restated an “overweight” rating and set a $147.00 target price on shares of DIGITAL RLTY TR/SH in a research note on Friday, August 30th.
Shares of DLR stock traded down $1.12 during trading hours on Thursday, hitting $124.18. 12,237 shares of the company were exchanged, compared to its average volume of 1,087,926. The business has a 50 day moving average of $122.26 and a two-hundred day moving average of $119.36. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.16. DIGITAL RLTY TR/SH has a 52 week low of $100.05 and a 52 week high of $129.57. The company has a market capitalization of $26.33 billion, a PE ratio of 18.82, a PEG ratio of 2.75 and a beta of 0.41.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Thursday, September 12th. DIGITAL RLTY TR/SH’s dividend payout ratio (DPR) is 65.45%.
In other DIGITAL RLTY TR/SH news, Director Kevin Kennedy sold 300 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $125.00, for a total value of $37,500.00. Following the transaction, the director now directly owns 300 shares of the company’s stock, valued at approximately $37,500. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.49% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in DIGITAL RLTY TR/SH by 5.5% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 40,319 shares of the real estate investment trust’s stock worth $4,749,000 after buying an additional 2,109 shares during the period. Colonial Trust Advisors acquired a new position in shares of DIGITAL RLTY TR/SH in the 2nd quarter worth approximately $1,046,000. Empire Life Investments Inc. lifted its position in shares of DIGITAL RLTY TR/SH by 1.7% in the 2nd quarter. Empire Life Investments Inc. now owns 191,259 shares of the real estate investment trust’s stock worth $22,528,000 after purchasing an additional 3,183 shares during the period. Phocas Financial Corp. acquired a new position in shares of DIGITAL RLTY TR/SH in the 2nd quarter worth approximately $123,000. Finally, HM Payson & Co. acquired a new position in shares of DIGITAL RLTY TR/SH in the 2nd quarter worth approximately $59,000.
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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