2 days Ago By ABMN Staff
Digital Realty Trust, Inc. ( NYSE:DLR – Get Free Report ) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 6,990,000 shares, an increase of 8.
7% from the November 30th total of 6,430,000 shares. Based on an average trading volume of 1,950,000 shares, the short-interest ratio is presently 3.6 days.
Digital Realty Trust Trading Up 0.6 % Shares of Digital Realty Trust stock opened at $177.33 on Thursday.
The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.
81. The firm has a market cap of $58.82 billion, a price-to-earnings ratio of 149.
02, a price-to-earnings-growth ratio of 4.97 and a beta of 0.62.
Digital Realty Trust has a 52-week low of $130.00 and a 52-week high of $198.00.
The company’s 50-day simple moving average is $183.38 and its 200-day simple moving average is $164.41.
Digital Realty Trust ( NYSE:DLR – Get Free Report ) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.
67 by ($1.58). Digital Realty Trust had a return on equity of 2.
24% and a net margin of 8.04%. The business had revenue of $1.
43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the company posted $1.
62 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis.
As a group, equities research analysts anticipate that Digital Realty Trust will post 6.71 earnings per share for the current year. Digital Realty Trust Announces Dividend Insiders Place Their Bets In other news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction dated Thursday, December 12th.
The stock was sold at an average price of $187.40, for a total value of $471,873.20.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . Insiders own 0.17% of the company’s stock.
Hedge Funds Weigh In On Digital Realty Trust A number of large investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new position in Digital Realty Trust during the second quarter worth about $25,000.
Asset Dedication LLC purchased a new stake in shares of Digital Realty Trust during the 2nd quarter worth approximately $31,000. Adirondack Trust Co. grew its holdings in shares of Digital Realty Trust by 68.
6% in the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 81 shares during the period.
Future Financial Wealth Managment LLC purchased a new position in Digital Realty Trust in the 3rd quarter valued at approximately $38,000. Finally, Dunhill Financial LLC raised its holdings in Digital Realty Trust by 84.4% during the third quarter.
Dunhill Financial LLC now owns 271 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Wall Street Analyst Weigh In DLR has been the topic of a number of analyst reports. Wells Fargo & Company raised their price objective on shares of Digital Realty Trust from $185.00 to $210.
00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Truist Financial increased their target price on shares of Digital Realty Trust from $168.00 to $202.
00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and boosted their price target for the company from $124.00 to $160.
00 in a research report on Friday, October 4th. Stifel Nicolaus lifted their target price on Digital Realty Trust from $195.00 to $205.
00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Jefferies Financial Group boosted their target price on Digital Realty Trust from $190.00 to $205.
00 and gave the company a “buy” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $171.
68. Get Our Latest Report on DLR Digital Realty Trust Company Profile ( Get Free Report ) 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.
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