Digital Realty Trust Inc (NYSE:DLR) shares traded 2.35% higher at $143.54 on Wall Street last session.
DLR stock price is now 0.77% away from the 50-day moving average and 7.63% away from the 200-day moving average. The market capitalization of the company currently stands at $44.85B.
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With the price target enhanced from $135 to $155, Wells Fargo Upgraded its rating from Equal Weight to Overweight for Digital Realty Trust Inc (NYSE: DLR). On February 16, 2024, Scotiabank Downgraded its previous ‘Sector Outperform’ rating to ‘Sector Perform’ on the stock keeping its target price maintained at $157, while ‘KeyBanc Capital Markets’ rates the stock as ‘Sector Weight’
In other news, MANDEVILLE JEAN F H P, Director sold 3,400 shares of the company’s stock on Mar 12 ’24. The stock was sold for $494,700 at an average price of $145.50. Upon completion of the transaction, the Director now directly owns 8,413 shares in the company, valued at $1.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 28 ’23, CHIEF HUMAN RESOURCES OFFICER Fiedelman Cindy sold 2,770 shares of the business’s stock. A total of $346,250 was realized by selling the stock at an average price of $125.00. A total of 0.12% of the company’s stock is owned by insiders.
During the past 12 months, Digital Realty Trust Inc has had a low of $86.33 and a high of $154.18.
According to the REIT – Specialty Company, earnings per share came in at 0.37, beating analysts’ expectations of 0.27 by 0.1. This compares to $0.20 EPS in the same period last year. The net profit margin was 20.49% and return on equity was 6.41% for DLR. The company reported revenue of $1.33 billion for the quarter, compared to $1.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.57 percent. For the current quarter, analysts expect DLR to generate $1.38B in revenue.
