Digital Realty Trust Inc (NYSE: DLR)’s stock price has soared by 0.73 in relation to previous closing price of 160.96. Nevertheless, the company has seen a gain of 2.89% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-24 that Digital Realty Trust, Inc. (NYSE:DLR ) 2024 RBC Capital Markets Global Communications Infrastructure Conference September 24, 2024 2:40 PM ET Company Participants Matt Mercier – CFO Jordan Sadler – Head of IR Conference Call Participants Jonathan Atkin – RBC Capital Markets Jonathan Atkin Our next session, I’d like to welcome back Digital Realty to our conference. And from the far right, we have Jordan Sadler, who is the Head of Investor Relations.
Is It Worth Investing in Digital Realty Trust Inc (NYSE: DLR) Right Now?
Digital Realty Trust Inc (NYSE: DLR) has a higher price-to-earnings ratio of 47.50x compared to its average ratio, The 36-month beta value for DLR is at 0.62. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 1 rating it as “overweight,” 10 as “hold,” and 1 as “sell.”
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The public float for DLR is 326.83M, and currently, shorts hold a 2.47% of that float. The average trading volume for DLR on September 25, 2024 was 1.63M shares.
DLR’s Market Performance
DLR stock saw an increase of 2.89% in the past week, with a monthly gain of 6.54% and a quarterly increase of 10.71%. The volatility ratio for the week is 1.97%, and the volatility levels for the last 30 days are 1.99% for Digital Realty Trust Inc (DLR). The simple moving average for the last 20 days is 4.99% for DLR’s stock, with a simple moving average of 11.97% for the last 200 days.
Analysts’ Opinion of DLR
Mizuho, on the other hand, stated in their research note that they expect to see DLR reach a price target of $170. The rating they have provided for DLR stocks is “Outperform” according to the report published on July 11th, 2024.
Goldman gave a rating of “Buy” to DLR, setting the target price at $175 in the report published on July 01st of the current year.
DLR Trading at 6.43% 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 -0.28% of loss for the given period.
Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 1.97%, as shares surge +7.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.65% upper at present.
During the last 5 trading sessions, DLR rose by +2.89%, which changed the moving average for the period of 200-days by +19.67% in comparison to the 20-day moving average, which settled at $155.01. In addition, Digital Realty Trust Inc saw 20.47% 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 600 shares at the price of $150.26 back on Aug 01 ’24. After this action, MANDEVILLE JEAN F H P now owns 9,055 shares of Digital Realty Trust Inc, valued at $90,156 using the latest closing price.
Jean F.H.P. Mandeville, the Director of Digital Realty Trust Inc, proposed sale 600 shares at $150.26 during a trade that took place back on Aug 01 ’24, which means that Jean F.H.P. Mandeville is holding shares at $90,156 based on the most recent closing price.
Stock Fundamentals for DLR
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.3 for the gross margin
The net margin for Digital Realty Trust Inc stands at 0.21. The total capital return value is set at 0.02. Equity return is now at value 5.89, with 2.61 for asset returns.
Based on Digital Realty Trust Inc (DLR), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 0.8. The interest coverage ratio of the stock is 1.39.
Currently, EBITDA for the company is 2.42 billion with net debt to EBITDA at 6.27. When we switch over and look at the enterprise to sales, we see a ratio of 12.54. The receivables turnover for the company is 2.97for trailing twelve months and the total asset turnover is 0.13.
Conclusion
In conclusion, Digital Realty Trust Inc (DLR) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
