Digital Realty Trust (NYSE:DLR) Hits New 12-Month Low - Time to Sell?

Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $156.27 and last traded at $160.55, with a volume of 2040454 shares traded. The stock had previously closed at $159.87.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. JMP Securities restated a "market outperform" rating and issued a $220.00 price objective on shares of Digital Realty Trust in a report on Monday, April 28th. JPMorgan Chase & Co. boosted their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Mizuho reduced 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. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a "hold" rating to a "buy" rating and boosted their target price for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. Finally, StockNews.com lowered Digital Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, February 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $183.05.

Digital Realty Trust Trading Up 1.8 %

The business's 50-day moving average is $149.77 and its two-hundred day moving average is $167.68. The stock has a market capitalization of $55.47 billion, a PE ratio of 101.69, a PEG ratio of 4.38 and a beta of 0.92. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.04. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The business's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.67 EPS. On average, analysts anticipate that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust's payout ratio is currently 456.07%.

Institutional Investors Weigh In On Digital Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in DLR. Sierra Ocean LLC purchased a new position in shares of Digital Realty Trust in the 4th quarter valued at approximately $29,000. FNY Investment Advisers LLC acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth $35,000. Fairway Wealth LLC purchased a new position in Digital Realty Trust in the 4th quarter valued at $35,000. Versant Capital Management Inc increased its stake in Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 173 shares during the period. Finally, Centricity Wealth Management LLC purchased a new position in Digital Realty Trust during the 4th quarter worth $37,000. 99.71% of the stock is owned by hedge funds and other 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.