Digital Realty Trust (NYSE:DLR) Shares Gap Up – Here’s What Happened

Digital Realty Trust, Inc. (NYSE:DLR) gapped up before the market opened on Friday . The stock had previously closed at $153.75, but opened at $160.17. Digital Realty Trust shares last traded at $161.17, with a volume of 370,454 shares traded.

Analyst Ratings Changes

A number of brokerages have commented on DLR. JMP Securities reiterated a “market outperform” rating and issued a $220.00 price target on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Scotiabank cut their target price on shares of Digital Realty Trust from $208.00 to $206.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company reduced their price target on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Mizuho dropped their price objective on Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating on the stock in a research note on Friday, March 28th. Finally, Citigroup reduced their target price on Digital Realty Trust from $188.00 to $174.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $183.05.

Digital Realty Trust Stock Up 4.1 %

The firm’s 50 day simple moving average is $150.10 and its two-hundred day simple moving average is $167.66. The firm has a market cap of $53.91 billion, a price-to-earnings ratio of 98.83, a PEG ratio of 4.38 and a beta of 0.92. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. On average, equities analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 301.23%.

Hedge Funds Weigh In On Digital Realty Trust

Hedge funds have recently bought and sold shares of the company. Stolper Co increased its stake in Digital Realty Trust by 0.5% in the fourth quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock valued at $2,243,000 after acquiring an additional 64 shares during the last quarter. Bleakley Financial Group LLC increased its stake in shares of Digital Realty Trust by 1.5% in the 4th quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust’s stock valued at $769,000 after purchasing an additional 64 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC raised its holdings in shares of Digital Realty Trust by 3.2% during the 1st quarter. Hutchens & Kramer Investment Management Group LLC now owns 2,145 shares of the real estate investment trust’s stock worth $307,000 after buying an additional 66 shares in the last quarter. Robbins Farley lifted its position in shares of Digital Realty Trust by 0.7% during the 1st quarter. Robbins Farley now owns 10,956 shares of the real estate investment trust’s stock worth $1,570,000 after buying an additional 71 shares during the last quarter. Finally, Catalina Capital Group LLC lifted its holdings in shares of Digital Realty Trust by 3.1% in the fourth quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust’s stock worth $424,000 after acquiring an additional 72 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.