TheStreet downgraded shares of DIGITAL RLTY TR/SH (NYSE:DLR) from a b- rating to a c+ rating in a research report sent to investors on Monday, TheStreetRatingsTable reports.
A number of other research analysts have also recently commented on DLR. William Blair raised DIGITAL RLTY TR/SH from a market perform rating to an outperform rating in a research note on Wednesday, October 30th. Guggenheim cut DIGITAL RLTY TR/SH from a buy rating to a neutral rating and increased their target price for the company from $127.00 to $132.00 in a research note on Wednesday, September 11th. Royal Bank of Canada set a $130.00 target price on DIGITAL RLTY TR/SH and gave the company a buy rating in a research note on Friday, August 9th. Argus reduced their target price on DIGITAL RLTY TR/SH from $140.00 to $130.00 and set a buy rating on the stock in a research note on Tuesday, November 26th. Finally, Morgan Stanley lowered shares of DIGITAL RLTY TR/SH from an overweight rating to an equal rating and upped their price target for the company from $118.00 to $122.00 in a research report on Thursday, September 19th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. DIGITAL RLTY TR/SH has an average rating of Buy and an average price target of $129.77.
DLR opened at $119.10 on Monday. The stock has a market cap of $25.24 billion, a PE ratio of 18.05, a P/E/G ratio of 2.64 and a beta of 0.35. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 1.20. DIGITAL RLTY TR/SH has a 52 week low of $100.05 and a 52 week high of $136.32. The business’s fifty day simple moving average is $124.27 and its 200 day simple moving average is $122.24.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.08 per share. The ex-dividend date is Thursday, December 12th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.63%. DIGITAL RLTY TR/SH’s dividend payout ratio is currently 65.45%.
In other news, CFO Andrew Power sold 16,087 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $120.05, for a total transaction of $1,931,244.35. Following the completion of the sale, the chief financial officer now directly owns 16,087 shares in the company, valued at $1,931,244.35. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kevin Kennedy sold 400 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $116.56, for a total transaction of $46,624.00. Following the sale, the director now owns 400 shares of the company’s stock, valued at $46,624. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Resources Management Corp CT ADV bought a new position in DIGITAL RLTY TR/SH in the third quarter worth about $1,795,000. Institutional & Family Asset Management LLC raised its stake in DIGITAL RLTY TR/SH by 78.7% in the third quarter. Institutional & Family Asset Management LLC now owns 336 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 148 shares in the last quarter. Zimmer Partners LP bought a new position in DIGITAL RLTY TR/SH in the third quarter worth about $38,943,000. Vectors Research Management LLC raised its stake in DIGITAL RLTY TR/SH by 4.3% in the third quarter. Vectors Research Management LLC now owns 4,325 shares of the real estate investment trust’s stock worth $561,000 after buying an additional 179 shares in the last quarter. Finally, IHT Wealth Management LLC raised its stake in DIGITAL RLTY TR/SH by 15.8% in the third quarter. IHT Wealth Management LLC now owns 5,119 shares of the real estate investment trust’s stock worth $664,000 after buying an additional 699 shares in the last quarter.
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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