Digital Realty Trust Inc. (NYSE: DLR) stock fell -4.36% on Wednesday to $86.49 against a previous-day closing price of $90.43. With 2.5 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.63 million shares. During the session, the REIT – Specialty company that operates in wider Real Estate sector, reached to the highest price of $90.22 whereas the lowest price it dropped to was $86.33. The 52-week range on DLR shows that it touched its highest point at $141.77 and its lowest point at $85.76 during that stretch. It currently has a 1-year price target of $115.33. With its current market cap of 26.16 billion, DLR has annualized dividend of $4.88 while the current yield stands at 5.64%. Beta for the stock currently stands at 0.55.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DLR was down-trending over the past week, with a drop of -9.55%, but this was down by -11.42% over a month. Three-month performance dropped to -20.48% while six-month performance fell -21.79%. The stock lost -35.22% in the past year, while it has lost -13.74% so far this year. A look at the trailing 12-month EPS for DLR yields 1.13 with Next year EPS estimates of 1.50. For the next quarter, that number is 0.26. This implies an EPS growth rate of -80.90% for this year and 45.91% for next year. EPS is expected to grow by 1.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 2.70%.
Float and Shares Shorts:
At present, 291.22 million DLR shares are outstanding with a float of 287.20 million shares on hand for trading. On May 14, 2023, short shares totaled 16.18 million, which was 5.55% higher than short shares on Apr 13, 2023. In addition to Mr. Andrew P. Power as the firm’s Pres, CEO & Director, Mr. Gregory S. Wright serves as its Chief Investment Officer.
Other institutions hold 60.99% of DLR, in contrast to 43.46% held by mutual funds. Shares owned by individuals account for 0.36%. As the largest shareholder in DLR with 15.62% of the stake, The Vanguard Group, Inc. holds 45,495,905 shares worth 45,495,905. A second-largest stockholder of DLR, Cohen & Steers Capital Management, holds 32,028,465 shares, controlling over 11.00% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in DLR, holding 20,131,762 shares or 6.91% stake. With a 4.12% stake in DLR, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 12,010,899 shares are owned by the mutual fund manager. The Stichting Pensioenfonds ABP, which owns about 3.34% of DLR stock, is the second-largest Mutual Fund holder. It holds 9,727,956 shares valued at 964.53 million. Vanguard Total Stock Market ETF holds 3.11% of the stake in DLR, owning 9,052,147 shares worth 897.52 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, DLR reported revenue of $1.14B and operating income of $187.74M. The EBITDA in the recently reported quarter was $543.63M and diluted EPS was $0.19.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DLR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With DLR analysts setting a high price target of $175.00 and a low target of $80.00, the average target price over the next 12 months is $115.58. Based on these targets, DLR could surge 102.34% to reach the target high and fall by -7.5% to reach the target low. Reaching the average price target will result in a growth of 33.63% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded DLR stock several times over the past three months with 2 Buys and 6 Sells. In these transactions, 3,932 shares were bought while 9,808 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 34 over the past year. The total number of shares bought during that period was 46,834 while 107,339 shares were sold.