Digital Realty Trust, Inc. (NYSE:DLR) Director Sells $90,156.00 in Stock

Digital Realty Trust, Inc. (NYSE:DLR) Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the transaction, the director now owns 9,055 shares in the company, valued at $1,360,604.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Digital Realty Trust Stock Down 1.0 %

DLR stock opened at $150.84 on Monday. The company has a current ratio of 1.78, a quick ratio of 1.29 and a debt-to-equity ratio of 0.81. The company has a market cap of $47.13 billion, a P/E ratio of 41.90, a P/E/G ratio of 10.97 and a beta of 0.59. The company’s 50-day moving average price is $150.15 and its 200 day moving average price is $144.98. Digital Realty Trust, Inc. has a 52 week low of $113.94 and a 52 week high of $162.58.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The business’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.68 EPS. On average, research analysts expect that Digital Realty Trust, Inc. will post 6.67 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date was Friday, June 14th. Digital Realty Trust’s payout ratio is currently 135.56%.

Analyst Upgrades and Downgrades

A number of research firms have commented on DLR. UBS Group lifted their price objective on shares of Digital Realty Trust from $143.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Mizuho began coverage on shares of Digital Realty Trust in a research note on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price objective on the stock. Stifel Nicolaus lifted their price objective on shares of Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Royal Bank of Canada lifted their target price on shares of Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Digital Realty Trust from $143.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $153.44.

Hedge Funds Weigh In On Digital Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DLR. Gradient Investments LLC raised its position in shares of Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 76 shares during the last quarter. American Capital Advisory LLC acquired a new position in shares of Digital Realty Trust in the second quarter valued at approximately $27,000. Private Ocean LLC acquired a new position in shares of Digital Realty Trust in the second quarter valued at approximately $27,000. Rise Advisors LLC raised its position in shares of Digital Realty Trust by 1,125.0% in the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 180 shares during the last quarter. Finally, GoalVest Advisory LLC acquired a new position in shares of Digital Realty Trust in the first quarter valued at approximately $29,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Company Profile

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.