Digital Realty Trust (NYSE:DLR) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Digital Realty Trust, Inc. (NYSE:DLR) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $163.74 and traded as high as $179.62. Digital Realty Trust shares last traded at $178.14, with a volume of 822,871 shares trading hands.

Analyst Ratings Changes

A number of research firms recently issued reports on DLR. Raymond James raised their price target on Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Stifel Nicolaus lifted their target price on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Jefferies Financial Group upped their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Hsbc Global Res upgraded shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Finally, Evercore ISI upped their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $171.68.

Digital Realty Trust Stock Down 0.8 %

The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a 50-day simple moving average of $182.69 and a two-hundred day simple moving average of $163.74. The company has a market cap of $59.09 billion, a PE ratio of 149.70, a P/E/G ratio of 4.97 and a beta of 0.62.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the firm posted $1.62 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Research analysts anticipate that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.74%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is 410.08%.

Insider Buying and Selling

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Institutional Trading of Digital Realty Trust

Large investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. acquired a new position in Digital Realty Trust in the 2nd quarter worth $25,000. Private Ocean LLC acquired a new position in shares of Digital Realty Trust in the second quarter worth about $27,000. Asset Dedication LLC purchased a new position in Digital Realty Trust in the second quarter valued at about $31,000. Adirondack Trust Co. grew its stake in Digital Realty Trust by 68.6% during the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 81 shares in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new stake in Digital Realty Trust during the 3rd quarter worth approximately $38,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

About Digital Realty Trust

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.