Digital Realty Trust (NYSE:DLR) Upgraded to “Hold” by Hsbc Global Res

Hsbc Global Res upgraded shares of Digital Realty Trust (NYSE:DLR) from a moderate sell rating to a hold rating in a research report sent to investors on Friday, Zacks.com reports.

A number of other equities analysts have also issued reports on the company. TD Cowen decreased their price objective on Digital Realty Trust from $122.00 to $120.00 and set a hold rating for the company in a report on Friday, July 26th. Mizuho started coverage on Digital Realty Trust in a research report on Thursday, July 11th. They set an outperform rating and a $170.00 target price on the stock. HSBC upgraded Digital Realty Trust from a reduce rating to a hold rating and boosted their price objective for the stock from $124.00 to $160.00 in a report on Friday. Argus cut shares of Digital Realty Trust from a buy rating to a hold rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus lifted their target price on shares of Digital Realty Trust from $165.00 to $175.00 and gave the stock a buy rating in a research report on Friday, July 12th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average target price of $156.61.

Digital Realty Trust Stock Performance

Shares of NYSE DLR traded down $0.30 during mid-day trading on Friday, hitting $157.00. The company had a trading volume of 1,120,926 shares, compared to its average volume of 1,845,592. The stock has a market cap of $49.05 billion, a price-to-earnings ratio of 43.61, a PEG ratio of 5.14 and a beta of 0.60. The firm’s 50 day simple moving average is $153.38 and its two-hundred day simple moving average is $148.33. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.78. Digital Realty Trust has a 12 month low of $113.94 and a 12 month high of $165.17.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $1.63 by ($1.43). The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.68 EPS. As a group, equities research analysts forecast that Digital Realty Trust will post 6.65 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date was Friday, September 13th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 135.56%.

Insider Activity at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the transaction, the director now owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DLR. Meeder Asset Management Inc. acquired a new position in Digital Realty Trust in the second quarter worth about $25,000. Gradient Investments LLC raised its holdings in shares of Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 76 shares in the last quarter. American Capital Advisory LLC bought a new position in shares of Digital Realty Trust during the 2nd quarter worth approximately $27,000. Private Ocean LLC acquired a new stake in Digital Realty Trust in the 2nd quarter valued at $27,000. Finally, Rise Advisors LLC grew its position in Digital Realty Trust by 1,125.0% in the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 180 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.