SunTrust Banks, Inc. reaffirmed their buy rating on shares of Digital Realty Trust, Inc. (NYSE:DLR) in a research note issued to investors on Thursday. SunTrust Banks, Inc. currently has a $140.00 price objective on the real estate investment trust’s stock.
Several other equities analysts have also recently weighed in on the stock. ValuEngine raised shares of Digital Realty Trust from a hold rating to a buy rating in a research note on Friday, September 1st. Stifel Nicolaus reaffirmed a hold rating and set a $117.00 price target on shares of Digital Realty Trust in a research note on Thursday, September 14th. BidaskClub raised shares of Digital Realty Trust from a hold rating to a buy rating in a research note on Saturday, June 24th. Barclays PLC reaffirmed a buy rating and set a $132.00 price target on shares of Digital Realty Trust in a research note on Friday, September 8th. Finally, Macquarie reaffirmed a neutral rating and set a $105.00 price target on shares of Digital Realty Trust in a research note on Tuesday, July 4th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $122.73.
Digital Realty Trust (NYSE:DLR) opened at 121.78 on Thursday. The stock has a 50 day moving average of $118.55 and a 200 day moving average of $115.19. Digital Realty Trust has a 52-week low of $85.63 and a 52-week high of $127.23. The stock has a market capitalization of $19.75 billion, a P/E ratio of 49.46 and a beta of 0.01.
Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.05. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. The business had revenue of $565.99 million during the quarter, compared to analysts’ expectations of $559.93 million. During the same period in the prior year, the business earned $1.42 EPS. Digital Realty Trust’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities research analysts forecast that Digital Realty Trust will post $1.47 EPS for the current year.
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The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.93 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $3.72 annualized dividend and a dividend yield of 3.05%. Digital Realty Trust’s dividend payout ratio is presently 148.21%.
In other news, Director William G. Laperch bought 1,200 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was acquired at an average cost of $25.00 per share, with a total value of $30,000.00. Following the completion of the purchase, the director now owns 1,200 shares of the company’s stock, valued at $30,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher Sharp sold 25,733 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the completion of the transaction, the insider now directly owns 25,733 shares of the company’s stock, valued at $2,996,350.52. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its holdings in Digital Realty Trust by 50.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 328 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Digital Realty Trust by 18.0% during the 2nd quarter. Parallel Advisors LLC now owns 972 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 148 shares during the last quarter. Sun Life Financial INC lifted its holdings in Digital Realty Trust by 12,844.4% during the 2nd quarter. Sun Life Financial INC now owns 1,165 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 1,156 shares during the last quarter. Almanack Investment Partners LLC. acquired a new stake in Digital Realty Trust during the 2nd quarter valued at $134,000. Finally, Security National Trust Co. acquired a new stake in Digital Realty Trust during the 2nd quarter valued at $164,000.
Digital Realty Trust Company Profile
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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