Digital Realty Trust (DLR) to Release Earnings on Thursday

Digital Realty Trust (NYSE:DLR) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Digital Realty Trust to post earnings of $1.63 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Digital Realty Trust Stock Up 1.5 %

Shares of Digital Realty Trust stock opened at $140.61 on Thursday. The business has a fifty day simple moving average of $141.82 and a 200 day simple moving average of $136.48. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. The stock has a market cap of $43.91 billion, a PE ratio of 47.34, a price-to-earnings-growth ratio of 3.09 and a beta of 0.54. Digital Realty Trust has a 12 month low of $86.33 and a 12 month high of $154.18.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $1.22 per share. The ex-dividend date was Thursday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.47%. Digital Realty Trust’s dividend payout ratio is presently 164.31%.

Analysts Set New Price Targets

A number of brokerages have recently commented on DLR. Truist Financial boosted their price target on Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a report on Monday, March 18th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $144.00 target price on shares of Digital Realty Trust in a research report on Friday, February 16th. Stifel Nicolaus boosted their price target on Digital Realty Trust from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. JPMorgan Chase & Co. upped their target price on Digital Realty Trust from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. Finally, Morgan Stanley upped their target price on Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $143.33.

Insider Activity

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total value of $494,700.00. Following the completion of the sale, the director now directly owns 8,413 shares in the company, valued at $1,224,091.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.39% of the stock is owned by corporate insiders.

About Digital Realty Trust

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.