Digital Realty Trust (DLR) was Initiated by Wells Fargo to “Outperform”. Wells Fargo advised their investors in a research report released on Jun 1, 2016.
Many Wall Street Analysts have commented on Digital Realty Trust. Company shares were Reiterated by RBC Capital Mkts on May 13, 2016 to “Outperform”, Firm has raised the Price Target to $ 105 from a previous price target of $89 .Company shares were Reiterated by Canaccord Genuity on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 102 from a previous price target of $79 .Digital Realty Trust was Downgraded by Stifel to ” Hold” on Mar 21, 2016.
On the company’s financial health, Digital Realty Trust reported $1.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.35. The company had revenue of $504.19 million for the quarter, compared to analysts expectations of $518.03 million. The company’s revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.27 EPS.
Digital Realty Trust closed down -0.14 points or -0.15% at $94.66 with 16,37,510 shares getting traded on Friday. Post opening the session at $94.78, the shares hit an intraday low of $94.52 and an intraday high of $95.57 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Investors should note that on May 11, 2016, Digital Realty Trust announced a cash dividend of $0.8800. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jun 30, 2016.
In a different news, on May 6, 2016, Bernard Geoghegan (Managing Director, EMEA & APAC) sold 586 shares at $90.70 per share price. According to the SEC, on May 6, 2016, A William Stein (Chief Executive Officer) sold 16,017 shares at $89.32 per share price. On Mar 16, 2016, Laurence A Chapman (director) sold 10,000 shares at $86.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Digital Realty Trust Inc. is a real estate investment trust (REIT) that owns acquires develops and manages technology-related real estate. The Companys services include implementation services remote hands services data center infrastructure management (DCIM) client services and digital realty partner network. The Company is a sole general partner of Digital Realty Trust L.P. As of December 31 2014 Digital Realty Trust Inc. owned 97.8% common general partnership interest in Digital Realty Trust L.P. The remaining 2.2% common limited partnership interests are owned by non-affiliated investors and certain directors and officers of Digital Realty Trust Inc. The Company focuses on strategically located properties containing applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter users including the information technology (IT) departments of Fortune 100 and financial services companies.