HSBC Securities has recently raised Digital Realty Trust Inc (DLR) stock to Hold rating, as announced on October 4, 2024, according to Finviz. Earlier, on August 1, 2024, Argus had reduced the stock from a Buy to Hold. Mizuho also initiated Outperform rating with a price target of $170. Additionally, Goldman initiated Buy rating on July 1, 2024, with a target price of $175. JP Morgan analysts, in their report published on June 28, 2024, also raised Overweight rating and set a price target of $150 for Digital Realty Trust Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Digital Realty Trust Inc (DLR) Stock Trading Recap
On Monday, Digital Realty Trust Inc (DLR) stock saw a modest uptick, ending the day at $182.85 which represents a slight increase of $0.87 or 0.48% from the prior close of $181.98. The stock opened at $182.2 and touched a low of $181.76 during the day, reaching a high of $184.29. The volume of shares traded was 1.84 million exceeding the average volume of 1.74 million.
DLR Stock Performance and Moving Averages
In recent trading, Digital Realty Trust Inc (DLR) stock price has shown some volatility, fluctuating 3.12% over the last five trades and 13.76% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 27.79%, and it has gained 22.25% in the previous three months. Currently, DLR is trading at 5.31%, 11.38%, and 21.54% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, DLR, a Real Estate sector stock, is trading -5.69% below its 52-week high but remains 44.87% above its 52-week low. The Average True Range (ATR) (14 days) of 4.54 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Digital Realty Trust Inc’s Profitability and Valuation Ratios
Digital Realty Trust Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 13.80% and a profit margin of 7.30%, with a gross margin of 27.79%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Digital Realty Trust Inc’s market capitalization stands at $61.85 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 155.96, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 147.74. Additionally, the Price-to-Sales Ratio is 11.27, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.95, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.16% of Digital Realty Trust Inc (DLR)’s shares, while financial institutions hold 99.68%.
Notable insider trades include MANDEVILLE JEAN F H P, Director at Digital Realty Trust Inc (DLR), who sold 3400 shares on Mar 12 ’24, at $145.5 each, totaling $0.49 million.
