News headlines about Digital Realty Trust (NYSE:DLR) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Digital Realty Trust earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.0110109804356 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Digital Realty - I Like The REIT, But Not Its New Preferred Stock - Seeking Alpha (seekingalpha.com)
- Digital Realty Announces Pricing of Senior Notes and Preferred Stock Offerings - PR Newswire (press release) (prnewswire.com)
- Digital Realty Announces Pricing of Senior Notes and Preferred Stock Offerings - Markets Insider (markets.businessinsider.com)
- Digital Realty Trust, Inc. (DLR) Stock Rating Upgraded by BidaskClub (gamesworlditalia.com)
- Stock is unchanged at $117.59 (DLR) Digital Realty Commences Offering of… (highlightpress.com)
Several research firms have weighed in on DLR. BidaskClub upgraded Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $127.00 price target on shares of Digital Realty Trust in a research report on Thursday, June 8th. Zacks Investment Research downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday. Wells Fargo & Company downgraded Digital Realty Trust from an “outperform” rating to a “market perform” rating and set a $118.00 price target on the stock. in a research report on Wednesday, May 17th. Finally, Stifel Nicolaus lifted their target price on Digital Realty Trust from $110.00 to $117.00 and gave the stock a “hold” rating in a research report on Monday, May 1st. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $116.67.
Digital Realty Trust (NYSE DLR) traded down 0.16% during midday trading on Friday, reaching $115.56. The company’s stock had a trading volume of 491,561 shares. The firm has a market cap of $18.74 billion, a P/E ratio of 46.94 and a beta of -0.03. Digital Realty Trust has a 52 week low of $85.63 and a 52 week high of $121.53. The firm has a 50 day moving average price of $114.34 and a 200-day moving average price of $110.74.
Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.05. Digital Realty Trust had a net margin of 21.27% and a return on equity of 12.39%. The firm had revenue of $565.99 million for the quarter, compared to analyst estimates of $559.93 million. During the same quarter in the prior year, the business posted $1.42 EPS. The business’s revenue was up 9.9% compared to the same quarter last year. On average, analysts forecast that Digital Realty Trust will post $1.58 earnings per share for the current fiscal year.
In other Digital Realty Trust news, SVP Joshua A. Mills sold 9,211 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $120.00, for a total transaction of $1,105,320.00. Following the transaction, the senior vice president now owns 13,377 shares in the company, valued at approximately $1,605,240. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.40% of the company’s stock.
About Digital Realty Trust
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
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