The stock of Digital Realty Trust Inc. (NYSE:DLR) decreased by -$1.06 on Tuesday to finish at $126.99, down -0.83 percent. The last five days have seen an average of 2,933,300 shares of common stock traded. 17 times new highs were reached in the current year, with a gain of $26.72. The average number of shares traded over the last 20 days was 2,139,360, while the average volume over the last 50 days totaled 2,353,692.
DLR stock appreciated 4.66% since last month. On 08/21/23, the company’s shares reached a one-month low of $119.38. The stock touched a high of $133.39 on 09/01/23, after rallying from a low of $85.76 in 52 weeks. The price of DLR stock has risen by 26.65% or $26.72 this year, reaching a new high 17 times. Still, the stock price is down -4.80% from the 52-week high.
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Insider Transactions
DLR stock investors should be aware that Digital Realty Trust Inc. (DLR) stock had its last reported insider trading activity 54 days ago on Jul 28. On Jul 28, CHIEF HUMAN RESOURCES OFFICER Fiedelman Cindy sold 2,770 shares at $125.00 each. This transaction resulted in the insider making $346,250. On Jun 12, Olson Peter C. sold 700 shares at a price of US$105.67. After the transaction, the insider now owns 7,134 shares. Director MANDEVILLE JEAN F H P had earlier sold 1,500 shares on May 15 for $97.47 a share. The transaction was completed for $146,205.
Valuation Metrics
Digital Realty Trust Inc. (DLR) has a trailing price-to-earnings (P/E) ratio of 96.86. Beta for the stock is 0.56. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 7.48, the price-to-book (PB) ratio of 2.22.
Company paid $1.22 per share in dividends, remained unchanged from $1.22 last year. A $0.06 dividend increase was reported on Thursday March 3 2022.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.05, and the total debt to equity ratio is 1.05. As far as profitability goes, gross margin for the trailing twelve months is 57.50% percent. Digital Realty Trust Inc.’s operating margin stood at 11.90% for the same period. Based on annual data, it had gross profit of $589.97 million and revenue of $4.69 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DLR’s return on assets (ROA) during the last 12 months has been 1.00%. There was a 1.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 2.40%.
Earnings Surprise
According to Digital Realty Trust Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.37 billion, while revenues rose by 16.61% to $1.34 billion. It was predicted that Digital Realty Trust Inc.’s quarterly earnings would be $0.37, but it ended up being $0.27, beating the consensus by 37.00%. EBITDA was $626.33 million for the quarter. At the end of Digital Realty Trust Inc.’s most recent quarter ended June 29, its total debt was $19.27 billion. Equity owned by shareholders amounts to $302.71 million.
Technical Picture
Here’s a quick look at Digital Realty Trust Inc.’s (DLR) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 42.33%, suggesting the stock is Neutral, with a 16.19% historical volatility rate.
The stochastic %K and %D were 22.94% and 33.10% respectively, while the average true range (ATR) was 2.37. Based on the 14-day stochastic reading of 5.33%, the RSI (14) reading is 50.15%. On the 9-day MACD Oscillator, the stock is at -1.44, and the 14-day reading is at -2.10.
Analyst Ratings
Digital Realty Trust Inc. (NYSE: DLR) was downgraded by Deutsche Bank to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Digital Realty Trust Inc. (DLR) an Overweight rating. DLR is a stock that is recommended for selling by 1 brokerage firm, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 10 others recommend it as a buy.
What is DLR’s price target for the next 12 months?
The current consensus forecast for the stock is between $94.00 and $144.00, with a median target price of $131.50. In analyzing these forecasts, the average price target given by analysts for Digital Realty Trust Inc. (DLR) is $125.17.
