In What Direction Will Digital Realty Trust Inc.’s (NYSE:DLR) Stock Goes From Here?

The closing price of Digital Realty Trust Inc. (NYSE: DLR) was $105.70 for the day, down -0.22% from the previous closing price of $105.93. In other words, the price has decreased by $+0.99 from its previous closing price. On the day, 2170030 shares were traded. DLR stock price reached its highest trading level at $107.23 during the session, while it also had its lowest trading level at $104.56.

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Our analysis of DLR’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.98 whereas as Long-Term Debt/Eq ratio is at 0.98.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Credit Suisse on January 04, 2023, Downgraded its rating to Underperform and sets its target price to $81 from $91 previously.

On December 14, 2022, Exane BNP Paribas started tracking the stock assigning a Neutral rating and target price of $128.

Wells Fargo Downgraded its Overweight to Equal Weight on December 14, 2022, whereas the target price for the stock was revised from $120 to $115.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 10 when Corey Dyer sold 4,401 shares for $104.19 per share. The transaction valued at 458,540 led to the insider holds 30,026 shares of the business.

Sharp Christopher sold 4,235 shares of DLR for $508,200 on Feb 02. The EVP, CHIEF TECHNOLOGY OFFICER now owns 0 shares after completing the transaction at $120.00 per share. On Feb 01, another insider, Lee Jeannie, who serves as the EVP, GENERAL COUNSEL of the company, sold 1,000 shares for $115.00 each. As a result, the insider received 115,000 and left with 10,975 shares of the company.

Valuation Measures:

As of this moment, Digital’s Price-to-Earnings (P/E) ratio for their current fiscal year is 91.75, and their Forward P/E ratio for the next fiscal year is 82.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.68 while its Price-to-Book (P/B) ratio in mrq is 1.82.

Stock Price History:

Over the past 52 weeks, DLR has reached a high of $153.50, while it has fallen to a 52-week low of $85.76. The 50-Day Moving Average of the stock is 107.56, while the 200-Day Moving Average is calculated to be 113.75.

Shares Statistics:

DLR traded an average of 1.98M shares per day over the past three months and 2.13M shares per day over the past ten days. A total of 289.40M shares are outstanding, with a floating share count of 287.20M. Insiders hold about 0.11% of the company’s shares, while institutions hold 98.40% stake in the company. Shares short for DLR as of Jan 30, 2023 were 9.91M with a Short Ratio of 12.48M, compared to 9.85M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.45% and a Short% of Float of 4.09%.

Dividends & Splits

With its trailing 12-month dividend rate of 4.52, DLR has a forward annual dividend rate of 4.88. Against a Trailing Annual Dividend Yield of 4.32%, it implies a Forward Annual Dividend Yield of 4.38%. The stock’s 5-year Average Dividend Yield is 3.41.

Earnings Estimates

The firm’s stock currently is rated by 15 analysts. On average, analysts expect EPS of $0.26 for the current quarter, with a high estimate of $0.35 and a low estimate of $0.21, while EPS last year was $3.71. The consensus estimate for the next quarter is $0.25, with high estimates of $0.31 and low estimates of $0.12.

Analysts are recommending an EPS of between $1.54 and $0.83 for the fiscal current year, implying an average EPS of $1.41. EPS for the following year is $1.15, with 17 analysts recommending between $2 and $0.61.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 16 analysts. It ranges from a high estimate of $1.22B to a low estimate of $1.18B. As of the current estimate, Digital Realty Trust Inc.’s year-ago sales were $1.11B, an estimated increase of 9.00% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $1.24B, an increase of 10.40% over than the figure of $9.00% in the same quarter last year. There is a high estimate of $1.32B for the next quarter, whereas the lowest estimate is $1.22B.

A total of 18 analysts have provided revenue estimates for DLR’s current fiscal year. The highest revenue estimate was $4.68B, while the lowest revenue estimate was $4.63B, resulting in an average revenue estimate of $4.67B. In the same quarter a year ago, actual revenue was $4.43B, up 5.50% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $5.09B in the next fiscal year. The high estimate is $5.53B and the low estimate is $4.87B. The average revenue growth estimate for next year is up 9.00% from the average revenue estimate for this year.