Digital Realty Trust Inc. (NYSE:DLR) finished Wednesday with an addition of $2.05 to close at $125.77, an upside of 1.66 percent. An average of 2,012,240 shares of common stock have been traded in the last five days. There was a gain of $4.62 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 2,392,590 shares traded, while the 50-day average volume stands at 2,760,494.
DLR stock has increased by 4.27% in the last month. The company shares reached their 1-month lowest point of $114.94 on 07/27/23. With the stock rallying to its 52-week high on 07/28/23, shares of the company touched a low of $85.76 and a high of $129.00 in 52 weeks. It has reached a new high 13 times so far this year and achieved 25.43% or $25.50 in price. In spite of this, the price is down -2.50% from the 52-week high.
Insider Transactions
DLR stock investors should be aware that Digital Realty Trust Inc. (DLR) stock had its last reported insider trading activity 27 days ago on Jul 28. In this transaction, the insider spent $346,250. CHIEF ACCOUNTING OFFICER, Olson Peter C., disposed of 700 shares at a price of $105.67 on Jun 12. The insider now owns more than $73,969 worth of shares. Prior to that, Director MANDEVILLE JEAN F H P went on to Sale 1,500 shares at $97.47 each on May 15. An amount of $146,205 was transacted.
Valuation Metrics
Digital Realty Trust Inc. (DLR) has a trailing price-to-earnings (P/E) ratio of 95.93. The stock’s beta is 0.56. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 7.45, the price-to-book (PB) ratio at 2.20.
Financial Health
Further, the company has a long term debt to equity ratio of 1.05 and a total debt to equity ratio of 1.05 for the quarter ending June 29. Its gross profit as reported stood at $589.97 million compared to revenue of $4.69 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Digital Realty Trust Inc.’s return on assets was 1.00%.
Earnings Surprise
For the three-month period that ended June 29, Digital Realty Trust Inc. had $554.59 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $108.0 million in the quarter, while revenues of $58.55 million were grew 50.69%. The analyst consensus anticipated Digital Realty Trust Inc.’s latest quarter earnings to come in at $0.27 per share, but it turned out to be $0.37, a 37.00% surprise. For the quarter, EBITDA amounted to $626.33 million. At the end of the quarter ending June 29, Digital Realty Trust Inc.’s stock balance sheet showed total debt was $19.27 billion. Shareholders own equity worth $302.71 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Digital Realty Trust Inc. (DLR) price momentum. RSI 9-day as of the close on 23 August was 70.48%, suggesting the stock is Overbought, with historical volatility in this time frame at 14.27%.
As of today, DLR’s price is $122.73 +3.81% or $4.62 from its 5-day moving average. DLR is currently trading +6.01% higher than its 20-day SMA and +34.56% higher than its 100-day SMA. However, the stock’s current price level is +19.38% above the SMA50 and +32.46% above the SMA200.
The stochastic %K and %D were 76.61% and 62.12%, respectively, and the average true range (ATR) was 2.76. With the 14-day stochastic at 95.97% and the average true range at 2.89, the RSI (14) stands at 65.89%. The stock has reached 1.46 on the 9-day MACD Oscillator while the 14-day reading was at 2.18.
Analyst Ratings
Exane BNP Paribas upgraded Digital Realty Trust Inc. (NYSE: DLR) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Digital Realty Trust Inc. (DLR) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell DLR, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 11 others rate it as a “buy”.
What is DLR’s price target for the next 12 months?
Analysts predict a range of price targets between $94.00 and $144.00, with a median target of $129.50. Taking a look at these predictions, the average price target given by analysts for Digital Realty Trust Inc. (DLR) stock is $123.00.
