The stock of Digital Realty Trust Inc (NYSE: DLR) has decreased by -3.07 when compared to last closing price of 145.88.Despite this, the company has seen a gain of 0.55% in its stock price over the last five trading days. InvestorPlace reported 2024-04-08 that One of the best ways to protect your portfolio, and generate consistent income is with higher-yielding real estate investment trusts (REITs). In fact, we’re going to look at seven of the best REITs to buy in April below.
Is It Worth Investing in Digital Realty Trust Inc (NYSE: DLR) Right Now?
The price-to-earnings ratio for Digital Realty Trust Inc (NYSE: DLR) is above average at 48.01x, Company’s 36-month beta value is 0.56.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 1 as “overweight,” 10 as “hold,” and 1 as “sell.”
The public float for DLR is 311.91M, and currently, short sellers hold a 3.21% ratio of that floaft. The average trading volume of DLR on April 11, 2024 was 2.09M shares.
DLR’s Market Performance
The stock of Digital Realty Trust Inc (DLR) has seen a 0.55% increase in the past week, with a -2.82% drop in the past month, and a 5.82% gain in the past quarter. The volatility ratio for the week is 2.06%, and the volatility levels for the past 30 days are at 2.14% for DLR. The simple moving average for the last 20 days is -0.28% for DLR’s stock, with a simple moving average of 8.17% for the last 200 days.
Analysts’ Opinion of DLR
Many brokerage firms have already submitted their reports for DLR stocks, with Wells Fargo repeating the rating for DLR by listing it as a “Overweight.” The predicted price for DLR in the upcoming period, according to Wells Fargo is $155 based on the research report published on April 09, 2024 of the current year 2024.
Scotiabank, on the other hand, stated in their research note that they expect to see DLR reach a price target of $157. The rating they have provided for DLR stocks is “Sector Perform” according to the report published on February 16th, 2024.
Scotiabank gave a rating of “Sector Outperform” to DLR, setting the target price at $157 in the report published on January 22nd of the current year.
DLR Trading at -1.25% from the 50-Day Moving Average
After a stumble in the market that brought DLR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.29% of loss for the given period.
Volatility was left at 2.14%, however, over the last 30 days, the volatility rate increased by 2.06%, as shares sank -3.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.13% lower at present.
During the last 5 trading sessions, DLR rose by +0.55%, which changed the moving average for the period of 200-days by +35.77% in comparison to the 20-day moving average, which settled at $141.55. In addition, Digital Realty Trust Inc saw 5.07% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DLR starting from MANDEVILLE JEAN F H P, who sale 3,400 shares at the price of $145.50 back on Mar 12 ’24. After this action, MANDEVILLE JEAN F H P now owns 8,413 shares of Digital Realty Trust Inc, valued at $494,700 using the latest closing price.
Fiedelman Cindy, the CHIEF HUMAN RESOURCES OFFICER of Digital Realty Trust Inc, sale 2,770 shares at $125.00 during a trade that took place back on Jul 28 ’23, which means that Fiedelman Cindy is holding 0 shares at $346,250 based on the most recent closing price.
Stock Fundamentals for DLR
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.45 for the gross margin
The net margin for Digital Realty Trust Inc stands at 0.17. The total capital return value is set at 0.01. Equity return is now at value 5.17, with 2.22 for asset returns.
Based on Digital Realty Trust Inc (DLR), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 1.01. The interest coverage ratio of the stock is 1.28.
Currently, EBITDA for the company is 2.42 billion with net debt to EBITDA at 7.06. When we switch over and look at the enterprise to sales, we see a ratio of 11.23. The receivables turnover for the company is 4.29for trailing twelve months and the total asset turnover is 0.12.
Conclusion
In a nutshell, Digital Realty Trust Inc (DLR) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
