Digital Realty Trust (NYSE:DLR) Downgraded by Argus to Hold

Argus downgraded shares of Digital Realty Trust (NYSE:DLR) from a buy rating to a hold rating in a report published on Thursday, Marketbeat reports.

A number of other equities analysts have also commented on DLR. Mizuho began coverage on shares of Digital Realty Trust in a research report on Thursday, July 11th. They issued an outperform rating and a $170.00 price target on the stock. Barclays raised their price objective on shares of Digital Realty Trust from $123.00 to $130.00 and gave the stock an underweight rating in a research note on Wednesday, July 24th. Stifel Nicolaus raised their price objective on shares of Digital Realty Trust from $165.00 to $175.00 and gave the stock a buy rating in a research note on Friday, July 12th. BMO Capital Markets upgraded shares of Digital Realty Trust from a market perform rating to an outperform rating and raised their price objective for the stock from $144.00 to $170.00 in a research note on Wednesday, June 26th. Finally, Royal Bank of Canada raised their price objective on shares of Digital Realty Trust from $144.00 to $160.00 and gave the stock an outperform rating in a research note on Monday, June 3rd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $153.44.

Digital Realty Trust Stock Down 1.8 %

DLR traded down $2.81 during midday trading on Thursday, hitting $149.48. 430,742 shares of the company’s stock traded hands, compared to its average volume of 1,912,128. The company has a market cap of $46.70 billion, a PE ratio of 42.30, a price-to-earnings-growth ratio of 10.77 and a beta of 0.59. The stock’s fifty day simple moving average is $149.99 and its 200-day simple moving average is $144.77. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.29. Digital Realty Trust has a one year low of $113.94 and a one year high of $162.58.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($1.43). The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. Digital Realty Trust’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.68 EPS. As a group, equities analysts anticipate that Digital Realty Trust will post 6.67 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $1.22 dividend. The ex-dividend date was Friday, June 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.26%. Digital Realty Trust’s dividend payout ratio is presently 135.56%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DLR. Blue Trust Inc. raised its holdings in Digital Realty Trust by 773.1% during the 4th quarter. Blue Trust Inc. now owns 585 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 518 shares during the last quarter. PFG Advisors bought a new stake in Digital Realty Trust during the 4th quarter worth about $214,000. First Citizens Bank & Trust Co. bought a new stake in Digital Realty Trust during the 4th quarter worth about $314,000. DAVENPORT & Co LLC raised its holdings in Digital Realty Trust by 2.6% during the 4th quarter. DAVENPORT & Co LLC now owns 5,681 shares of the real estate investment trust’s stock worth $764,000 after purchasing an additional 143 shares during the last quarter. Finally, WealthShield Partners LLC bought a new stake in Digital Realty Trust during the 4th quarter worth about $966,000. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Company Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.