DIGITAL RLTY TR/SH (NYSE:DLR) had its target price upped by SunTrust Banks from $132.00 to $140.00 in a report issued on Friday, BenzingaRatingsTable reports. SunTrust Banks currently has a buy rating on the real estate investment trust’s stock.
Several other research firms have also recently issued reports on DLR. BMO Capital Markets lifted their price objective on DIGITAL RLTY TR/SH to $132.00 and gave the stock a market perform rating in a report on Wednesday, October 30th. Barclays set a $162.00 target price on DIGITAL RLTY TR/SH and gave the company a buy rating in a report on Friday, October 11th. Argus reduced their target price on DIGITAL RLTY TR/SH from $140.00 to $130.00 and set a buy rating for the company in a report on Tuesday, November 26th. Morgan Stanley downgraded DIGITAL RLTY TR/SH from an overweight rating to an equal rating and raised their target price for the company from $118.00 to $122.00 in a research report on Thursday, September 19th. Finally, Royal Bank of Canada set a $130.00 price target on DIGITAL RLTY TR/SH and gave the stock a buy rating in a research note on Friday, August 9th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of Buy and an average price target of $130.50.
NYSE:DLR traded up $0.85 during trading hours on Friday, reaching $118.37. 1,411,283 shares of the company were exchanged, compared to its average volume of 1,331,591. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 1.20. The firm has a market cap of $24.71 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 2.64 and a beta of 0.35. DIGITAL RLTY TR/SH has a twelve month low of $100.05 and a twelve month high of $136.32. The stock’s 50-day moving average is $123.82 and its 200-day moving average is $122.24.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, December 13th will be issued a $1.08 dividend. The ex-dividend date is Thursday, December 12th. This represents a $4.32 dividend on an annualized basis and a yield of 3.65%. DIGITAL RLTY TR/SH’s payout ratio is 65.45%.
In related news, Director Kevin Kennedy sold 400 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $116.56, for a total value of $46,624.00. Following the completion of the sale, the director now owns 400 shares of the company’s stock, valued at $46,624. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Andrew Power sold 16,087 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $120.05, for a total value of $1,931,244.35. Following the completion of the sale, the chief financial officer now directly owns 16,087 shares of the company’s stock, valued at approximately $1,931,244.35. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Krane Funds Advisors LLC acquired a new stake in shares of DIGITAL RLTY TR/SH in the 2nd quarter worth $25,000. Bartlett & Co. LLC purchased a new stake in shares of DIGITAL RLTY TR/SH in the third quarter valued at about $32,000. Private Ocean LLC increased its position in DIGITAL RLTY TR/SH by 1,160.0% during the third quarter. Private Ocean LLC now owns 252 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 232 shares during the last quarter. Riverview Trust Co acquired a new stake in DIGITAL RLTY TR/SH during the third quarter worth about $44,000. Finally, Institutional & Family Asset Management LLC raised its stake in DIGITAL RLTY TR/SH by 78.7% during the third quarter. Institutional & Family Asset Management LLC now owns 336 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 148 shares during the period.
DIGITAL RLTY TR/SH Company Profile
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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