Digital Realty Trust, Inc. (NYSE:DLR).
On May 17 the company was changed to a “Market Perform” in a report from Wells Fargo which was a cut from the previous “Outperform” rating. On December 8 the company was upgraded from “Neutral” to “Buy” in an announcement from Citigroup.
Equity analyst Guggenheim added the stock to its research portfolio by announcing an initial rating of “Neutral”. On November 8 the stock rating was upgraded to “Overweight” from “” with a current price target of $104.00 in a report from Morgan Stanley.
On July 29 the company was downgraded from “Outperform” to “Market Perform” by analysts at Cowen & Company.
The company is now down by -2.94% since yesterday’s close of $116.75. The company recently declared a dividend that will be paid on Friday the 30th of June 2017. The dividend payment will be $0.930 per share for the quarter or $3.72 annualized. The dividend yield will be $3.28. The ex-dividend date has been established as Monday the 13th of March 2017.
The stock last traded at $113.32 slightly below $115.22, the 50 day moving average and which is marginally higher than the 200 day moving average of $105.93. The 50 day moving average was down $-1.90 or -1.65% and the 200 day average went up $7.39 or +6.98%.
Digital Realty Trust, Inc., launched on March 9, 2004, is a real estate investment trust (REIT). The Company is involved in the business of owning, acquiring, developing and operating data centers. It is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products. As of December 31, 2016, its portfolio consisted of 145 operating properties, including 14 properties held as investments in unconsolidated joint ventures, of which 104 are located throughout the United States, 32 are located in Europe, four are located in Asia, three are located in Australia and two are located in Canada..
The company currently has a P/E ratio of 48.80 and market capitalization is 18.11B. In the last earnings report the EPS was $2.32 and is projected to be $1.59 for the current year with 159,774,000 shares outstanding. Next quarter’s EPS is estimated at $0.40 with next year’s EPS anticipated to be $1.95.