Digital Realty Trust, Inc. (NYSE:DLR) Sees Significant Growth in Short Interest

Posted by Defense World Staff on Mar 15th, 2023

Digital Realty Trust, Inc. (NYSE:DLR – Get Rating) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 12,480,000 shares, a growth of 23.4% from the February 13th total of 10,110,000 shares. Based on an average daily trading volume, of 1,920,000 shares, the short-interest ratio is presently 6.5 days.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $105.70 on Wednesday. The business has a 50 day simple moving average of $107.83 and a two-hundred day simple moving average of $106.18. Digital Realty Trust has a 12 month low of $85.76 and a 12 month high of $153.50. The stock has a market capitalization of $30.78 billion, a P/E ratio of 92.72, a PEG ratio of 2.44 and a beta of 0.52. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.50 and a quick ratio of 0.50.

Digital Realty Trust (NYSE:DLR – Get Rating) last announced its earnings results on Thursday, February 16th. The real estate investment trust reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($1.70). Digital Realty Trust had a net margin of 8.05% and a return on equity of 2.46%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the company earned $1.67 EPS. Digital Realty Trust’s revenue was up 11.0% compared to the same quarter last year. As a group, analysts predict that Digital Realty Trust will post 6.67 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Tuesday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 4.62%. Digital Realty Trust’s dividend payout ratio is presently 428.07%.

Insider Activity at Digital Realty Trust

In related news, EVP Dyer Corey sold 4,401 shares of the company’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $104.19, for a total transaction of $458,540.19. Following the transaction, the executive vice president now directly owns 30,026 shares of the company’s stock, valued at approximately $3,128,408.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Jeannie Lee sold 1,000 shares of the stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $115.00, for a total value of $115,000.00. Following the transaction, the executive vice president now directly owns 10,975 shares of the company’s stock, valued at $1,262,125. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dyer Corey sold 4,401 shares of the stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $104.19, for a total value of $458,540.19. Following the completion of the transaction, the executive vice president now directly owns 30,026 shares in the company, valued at $3,128,408.94. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Digital Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in DLR. Neo Ivy Capital Management increased its holdings in shares of Digital Realty Trust by 116.4% in the third quarter. Neo Ivy Capital Management now owns 264 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 142 shares during the last quarter. Concord Wealth Partners acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $26,000. Guardian Wealth Advisors LLC acquired a new stake in shares of Digital Realty Trust in the third quarter valued at approximately $27,000. Clear Street Markets LLC increased its stake in Digital Realty Trust by 28,900.0% during the fourth quarter. Clear Street Markets LLC now owns 290 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 289 shares during the last quarter. Finally, Affiance Financial LLC acquired a new stake in Digital Realty Trust during the fourth quarter worth $34,000. Institutional investors and hedge funds own 95.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Credit Suisse Group lowered their target price on Digital Realty Trust from $81.00 to $80.00 and set an “underperform” rating on the stock in a research note on Friday, February 17th. Raymond James lowered their target price on Digital Realty Trust from $165.00 to $155.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, February 8th. Citigroup upped their target price on Digital Realty Trust from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, March 6th. Barclays lowered their target price on Digital Realty Trust from $88.00 to $81.00 and set an “underweight” rating on the stock in a research note on Monday, December 19th. Finally, Exane BNP Paribas assumed coverage on Digital Realty Trust in a research note on Wednesday, December 14th. They issued a “neutral” rating and a $128.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $123.54.

About Digital Realty Trust

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Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.