DIGITAL RLTY TR/SH (NYSE:DLR) updated its FY 2020
After-Hours earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 6.00-6.10 for the period. The company issued revenue guidance of $3.775-3.825 billion, compared to the consensus revenue estimate of $3.73 billion.DIGITAL RLTY TR/SH also updated its FY20 guidance to $6.00-6.10 EPS.
A number of research firms have weighed in on DLR. KeyCorp raised shares of DIGITAL RLTY TR/SH to a buy rating in a research note on Friday. Edward Jones started coverage on shares of DIGITAL RLTY TR/SH in a report on Tuesday, July 14th. They set a hold rating on the stock. Barclays began coverage on shares of DIGITAL RLTY TR/SH in a report on Wednesday, July 15th. They issued an overweight rating and a $165.00 target price on the stock. Zacks Investment Research downgraded shares of DIGITAL RLTY TR/SH from a buy rating to a hold rating and set a $141.00 price target for the company. in a research note on Thursday, May 14th. Finally, Morgan Stanley started coverage on shares of DIGITAL RLTY TR/SH in a research note on Wednesday, June 24th. They issued an equal weight rating and a $141.00 price target for the company. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. DIGITAL RLTY TR/SH currently has a consensus rating of Buy and a consensus target price of $151.13.
Shares of DLR stock opened at $160.54 on Friday. The company has a 50 day moving average price of $144.39 and a 200-day moving average price of $137.01. DIGITAL RLTY TR/SH has a 52 week low of $105.00 and a 52 week high of $165.49. The firm has a market capitalization of $43.07 billion, a PE ratio of 25.24, a P/E/G ratio of 3.91 and a beta of 0.19. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.87.
In other news, SVP Matt Mercier sold 1,511 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $144.74, for a total value of $218,702.14. Following the transaction, the senior vice president now directly owns 1,606 shares in the company, valued at $232,452.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO A William Stein sold 25,000 shares of the company’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $156.52, for a total transaction of $3,913,000.00. Following the completion of the transaction, the chief executive officer now owns 25,000 shares in the company, valued at $3,913,000. The disclosure for this sale can be found here. Insiders sold 87,249 shares of company stock worth $13,113,723 in the last three months. Insiders own 0.61% of the company’s stock.
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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