Looking To Buy Digital Realty Trust Inc. (DLR)? Read This First

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Digital Realty Trust Inc. (NYSE:DLR) saw an upside of 0.25% to $100.60 after adding $0.25 on Wednesday. The 5-day average trading volume is 1,226,969 shares of the company’s common stock. It has gained $102.03 in the past week and touched a new high 1 time within the past 5 days. An average of 2,007,517 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,094,033.

DLR’s 1-month performance is -9.81% or -$7.42 on its low of $97.83 reached on 12/20/22. The company’s shares have touched a 52-week low of $85.76 and high of $178.22, with the stock’s rally to the 52-week high happening on 01/03/22. YTD, DLR has lost -43.26% or -$76.80 and has reached a new high 1 time. However, the current price is down -43.55% from the 52-week high price.


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Insider Transactions

DLR stock investors last saw insider trading activity on Nov 18.MANDEVILLE JEAN F H P (Director) most recently sold 1,000 shares at $111.01 per share on Nov 18. This transaction cost the insider $111,010. EVP, CHIEF REVENUE OFFICER, Corey Dyer, sold 6,253 shares at a price of $132.40 on Aug 17. Then, on Jun 24, EVP, CHIEF REVENUE OFFICER Corey Dyer sold 2,504 shares at a price of $137.27 per share. This transaction amounted to $343,724.

Valuation Metrics

DLR stock has a beta of 0.50. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.25 while the price-to-book (PB) in the most recent quarter is 1.76.

As well, the company’s long term debt to equity for the quarter ending September 29 was 0.96, while the total debt to equity was 0.96. In terms of profitability, the gross margin trailing 12 months is 60.60%. The firm’s gross profit as reported stood at $694.01 million against revenue of $4.43 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 45.31% to $226.89 million, while revenue of $53.25 million was 76.53% off the previous quarter. Analysts expected DLR to announce $0.31 per share in earnings in its latest quarter, but it posted $0.75, representing a 141.90% surprise. EBITDA for the quarter stood at more than $550.47 million. Shareholders hold equity totaling $287.52 million.

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 27 December was 36.40% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.84%.

The stock’s 5-day moving average is $100.32, reflecting a +1.34% or $1.33 change from its current price. DLR is currently trading -7.99% above its 20-day SMA, -22.71% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +5.17% and SMA200 by-24.53%.

Stochastic %K and %D was 16.60% and 17.40% and the average true range (ATR) pointed at 2.92. The RSI (14) points at 40.40%, while the 14-day stochastic is at 14.28% with the period’s ATR at 3.06. The stock’s 9-day MACD Oscillator is pointing at -0.19 and -2.71 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Digital Realty Trust Inc. (NYSE: DLR), Exane BNP Paribas launched coverage with a Neutral rating. Analysts offering their rating for DLR stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate DLR as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 13 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 $81.00 and a high of $175.00, with their median price target at $123.50. Looking at these predictions, the average price target given by analysts is for Digital Realty Trust Inc. (DLR) stock is $123.95.

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