Traders Buy Digital Realty Trust, Inc. (DLR) on Weakness

Investors purchased shares of Digital Realty Trust, Inc. (NYSE:DLR) on weakness during trading hours on Friday. $599.06 million flowed into the stock on the tick-up and $92.82 million flowed out of the stock on the tick-down, for a money net flow of $506.24 million into the stock. Of all companies tracked, Digital Realty Trust had the 5th highest net in-flow for the day. Digital Realty Trust traded down ($3.34) for the day and closed at $117.59

DLR has been the subject of several research reports. BidaskClub upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $127.00 target price on shares of Digital Realty Trust in a research note on Thursday, June 8th. Canaccord Genuity reaffirmed a “buy” rating and issued a $127.00 target price on shares of Digital Realty Trust in a research note on Friday, August 18th. Zacks Investment Research raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a research note on Monday, July 17th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $130.00 target price on shares of Digital Realty Trust in a research note on Friday, August 25th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $120.00.

The stock has a market cap of $19.07 billion, a price-to-earnings ratio of 47.76 and a beta of -0.01. The firm has a 50-day moving average of $117.36 and a 200-day moving average of $113.24.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.05. The business had revenue of $565.99 million during the quarter, compared to the consensus estimate of $559.93 million. Digital Realty Trust had a net margin of 21.27% and a return on equity of 12.39%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 EPS. On average, equities research analysts forecast that Digital Realty Trust, Inc. will post $1.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, September 14th. Digital Realty Trust’s dividend payout ratio is presently 148.21%.

In other news, Director William G. Laperch bought 1,200 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was acquired at an average price of $25.00 per share, with a total value of $30,000.00. Following the transaction, the director now owns 1,200 shares of the company’s stock, valued at approximately $30,000. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Christopher Sharp sold 25,733 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the sale, the insider now directly owns 25,733 shares of the company’s stock, valued at approximately $2,996,350.52. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in DLR. BlackRock Inc. increased its position in Digital Realty Trust by 2,651.9% during the 1st quarter. BlackRock Inc. now owns 15,147,324 shares of the real estate investment trust’s stock valued at $1,611,523,000 after purchasing an additional 14,596,894 shares during the period. Principal Financial Group Inc. increased its position in Digital Realty Trust by 171.5% during the 2nd quarter. Principal Financial Group Inc. now owns 1,645,291 shares of the real estate investment trust’s stock valued at $185,835,000 after purchasing an additional 1,039,244 shares during the period. Capital International Investors increased its position in Digital Realty Trust by 253.1% during the 2nd quarter. Capital International Investors now owns 1,352,500 shares of the real estate investment trust’s stock valued at $152,765,000 after purchasing an additional 969,500 shares during the period. Uniplan Investment Counsel Inc. acquired a new stake in Digital Realty Trust during the 2nd quarter valued at approximately $32,118,000. Finally, Janus Henderson Group PLC increased its position in Digital Realty Trust by 4,790.7% during the 2nd quarter. Janus Henderson Group PLC now owns 911,379 shares of the real estate investment trust’s stock valued at $102,941,000 after purchasing an additional 892,744 shares during the period.

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Digital Realty Trust Company Profile

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.

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