Digital Realty Trust Inc. (DLR): Technicals Say You should Hold

Digital Realty Trust Inc. (NYSE:DLR) saw an upside of 1.53% to close Tuesday at $141.87 after adding $2.14 on the day. The 5-day average trading volume is 1,195,320 shares of the company’s common stock. It has gained $146.77 in the past week. An average of 1,449,040 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,330,548.

DLR’s 1-month performance is -8.30% or -$13.50 on its low of $139.31 reached on 10/12/21. The company’s shares have touched a 52-week low of $124.65 and high of $168.30, with the stock’s rally to the 52-week high happening on 09/08/21. YTD, DLR has achieved 1.69% or $2.36. However, the current price is down -15.70%% from the 52-week high price.


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Insider Transactions

On Sep 15, 28 days have gone by since the last insider trading activity for Digital Realty Trust Inc. (DLR). KENNEDY KEVIN (Director) most recently sold 350 shares at $154.15 per share on Sep 15. This transaction cost the insider $53,952. CHIEF EXECUTIVE OFFICER, Stein A William, sold 22,324 shares at a price of $168.05 on Sep 08. Then, on Sep 03, CHIEF EXECUTIVE OFFICER Stein A William sold 22,195 shares at a price of $168.04 per share. This transaction amounted to $3,729,648.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 135.74 and a low of 43.57. DLR stock has a beta of 0.19. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.84 while the price-to-book (PB) in the most recent quarter is 2.39.

Digital Realty Trust Inc. pays an annual dividend of $4.64 per share. Its dividend yield is 3.27% and the payout ratio is 251.60%. DLR’s most recent quarterly dividend payment was made on Sep. 30, when it paid $1.16 a share compared with prior rate of $1.16, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.04 reported on Thursday February 25 2021. Measured over the last 3 years, the Dividend has been growing by 20.43% yearly.

It is projected that Digital Realty Trust Inc.’s next ex-dividend date will be on 15-Dec. DLR is expected to distribute $1.16 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.83, while the total debt to equity was 0.83. In terms of profitability, the gross margin trailing 12 months is 62.70%. while for the period ending June 29; Digital Realty Trust Inc.’s operating margin was 13.20%. The firm’s gross profit as reported stood at $557.53 million against revenue of $3.9 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected DLR to announce $0.23 per share in earnings in its latest quarter, but it posted $0.45, representing a 95.70% surprise. EBITDA for the quarter stood at more than $581.54 million. DLR stock balance sheet for the quarter ending June 29 shows that, with total debt at $15.47 billion. Shareholders hold equity totaling $282.59 million

Technical Picture

Let’s look briefly at Digital Realty Trust Inc. (DLR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 33.44% to suggest the stock is trending Neutral, with historical volatility in this time period at 21.05%.

The stock’s 5-day moving average is $142.21, reflecting a -0.58% or -$0.83 change from its current price. DLR is currently trading -8.00% above its 20-day SMA, -6.20% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -8.32% and +3.23% respectively.

Stochastic %K and %D was 5.24% and 8.04% and the average true range (ATR) pointed at 3.17. The RSI (14) points at 33.60%, while the 14-day stochastic is at 12.37% with the period’s ATR at 3.20. The stock’s 9-day MACD Oscillator is pointing at -2.44 and -4.73 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Digital Realty Trust Inc. (NYSE: DLR), Credit Suisse downgraded it to a Neutral rating. They previously had an Outperform rating on the stock. Analysts offering their rating for DLR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate DLR as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 14 have offered a “buy” rating.

What is DLR’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $148.00 and a high of $190.00, with their median price target at $172.00. Looking at these predictions, the average price target given by analysts is for Digital Realty Trust Inc. (DLR) stock is $167.47.

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