Digital Realty Trust, Inc. (NYSE:DLR) Short Interest Update

Digital Realty Trust, Inc. (NYSE:DLR) was the recipient of a large drop in short interest in October. As of October 31st, there was short interest totalling 6,650,000 shares, a drop of 15.6% from the October 15th total of 7,880,000 shares. Based on an average daily trading volume, of 1,750,000 shares, the short-interest ratio is currently 3.8 days.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DLR shares. Raymond James increased their target price on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. Barclays increased their target price on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research report on Monday. HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their target price for the company from $124.00 to $160.00 in a research report on Friday, October 4th. Truist Financial increased their price objective on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $195.00 price objective (up from $185.00) on shares of Digital Realty Trust in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $169.84.

Institutional Trading of Digital Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Meeder Asset Management Inc. purchased a new position in Digital Realty Trust during the 2nd quarter valued at about $25,000. Gradient Investments LLC boosted its holdings in Digital Realty Trust by 75.2% during the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 76 shares during the period. American Capital Advisory LLC purchased a new position in Digital Realty Trust during the 2nd quarter valued at about $27,000. Private Ocean LLC purchased a new position in Digital Realty Trust during the 2nd quarter valued at about $27,000. Finally, Asset Dedication LLC purchased a new position in Digital Realty Trust during the 2nd quarter valued at about $31,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Trading Up 1.7 %

Shares of NYSE:DLR traded up $2.97 during midday trading on Monday, reaching $182.64. 816,530 shares of the company’s stock were exchanged, compared to its average volume of 1,860,124. The firm’s 50 day simple moving average is $166.56 and its two-hundred day simple moving average is $155.01. 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 stock has a market cap of $60.58 billion, a price-to-earnings ratio of 150.98, a P/E/G ratio of 4.77 and a beta of 0.59. Digital Realty Trust has a fifty-two week low of $130.00 and a fifty-two week high of $193.88.

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

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.

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.