Shares of DIGITAL RLTY TR/SH (NYSE:DLR) have received an average rating of “Buy” from the fifteen research firms that are covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $126.58.
A number of research analysts have commented on the company. TheStreet cut Trinity Industries from a “b” rating to a “c” rating in a research note on Thursday, April 25th. Argus assumed coverage on DIGITAL RLTY TR/SH in a research note on Wednesday, July 3rd. They set a “buy” rating and a $140.00 price target on the stock. Raymond James restated a “buy” rating on shares of Intercept Pharmaceuticals in a research note on Thursday, June 6th. ValuEngine upgraded Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. Finally, Barclays set a €45.00 ($52.33) price target on Zalando and gave the stock a “buy” rating in a research note on Tuesday, April 16th.
NYSE:DLR traded down $0.96 during trading hours on Friday, reaching $120.07. 690,867 shares of the stock were exchanged, compared to its average volume of 939,365. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.05 and a quick ratio of 0.05. The stock has a 50-day simple moving average of $119.46. DIGITAL RLTY TR/SH has a twelve month low of $100.05 and a twelve month high of $125.19. The stock has a market cap of $25.01 billion, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 2.62 and a beta of 0.40.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend was Thursday, June 13th. DIGITAL RLTY TR/SH’s payout ratio is currently 65.45%.
In other news, insider Edward F. Sham sold 11,400 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $122.00, for a total value of $1,390,800.00. Following the sale, the insider now directly owns 15,738 shares in the company, valued at $1,920,036. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kevin Kennedy sold 300 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $125.00, for a total value of $37,500.00. Following the completion of the sale, the director now owns 300 shares in the company, valued at $37,500. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,333 shares of company stock worth $3,537,128. Insiders own 0.49% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in DLR. FMR LLC increased its holdings in DIGITAL RLTY TR/SH by 3.1% in the first quarter. FMR LLC now owns 4,123,291 shares of the real estate investment trust’s stock valued at $490,672,000 after buying an additional 122,913 shares during the last quarter. Geode Capital Management LLC increased its holdings in DIGITAL RLTY TR/SH by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 3,250,993 shares of the real estate investment trust’s stock valued at $345,892,000 after buying an additional 217,995 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in DIGITAL RLTY TR/SH by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,113,241 shares of the real estate investment trust’s stock valued at $331,715,000 after buying an additional 11,115 shares during the last quarter. Parnassus Investments CA increased its holdings in DIGITAL RLTY TR/SH by 0.9% in the first quarter. Parnassus Investments CA now owns 3,101,104 shares of the real estate investment trust’s stock valued at $369,031,000 after buying an additional 28,360 shares during the last quarter. Finally, Norges Bank purchased a new position in DIGITAL RLTY TR/SH in the fourth quarter valued at $218,327,000. Institutional investors and hedge funds own 99.17% of the company’s stock.
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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