Digital Realty Trust Inc (NYSE:DLR) price on Thursday, May 09, rose 1.87% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $142.87.
A look at the stock’s price movement, the level at last check in today’s session was $140.25. The PE ratio in trailing twelve months stood at 40.06. Turning to its 52-week performance, $154.18 and $86.33 were the 52-week high and 52-week low respectively. Overall, DLR moved 1.04% over the past month.
Digital Realty Trust Inc’s market cap currently stands at around $44.64 billion. The company has a Forward Dividend ratio of 4.88, with its dividend yield at 3.42%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1.38B for the company’s revenue for the quarter, with a low and high estimate of 1.35B and 1.4B respectively. The average forecast suggests up to a 0.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 5.59B, representing a 2.00% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that DLR is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
DLR’s current price about 1.90% and 0.30% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.66, while 7-day volatility ratio is 2.72% and 2.38% in the 30-day chart. Further, Digital Realty Trust Inc (DLR) has a beta value of 0.58, and an average true range (ATR) of 3.87.
If we refocus on Digital Realty Trust Inc (NYSE:DLR), historical trading data shows that trading volumes averaged 2.10 million over the past 3 months. The company’s latest data on shares outstanding shows there are 312.43 million shares.
The 0.12% of Digital Realty Trust Inc’s shares are in the hands of company insiders while institutional holders own 101.26% of the company’s shares. Current price change has pushed the stock 6.16% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DLR stock continues to rise going into the next quarter.
