Now trading at a price of $105.11, Digital Realty Trust has moved -0.1% so far today.
Digital Realty Trust returned losses of -17.9% last year, with its stock price reaching a high of $139.14 and a low of $85.76. Over the same period, the stock underperformed the S&P 500 index by -35.0%. As of April 2023, the company's 50-day average price was $97.75. Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data "meeting place" and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges. Based in Austin, TX, the large-cap Real Estate company has 3,412 full time employees. Digital Realty Trust has offered a 4.6% dividend yield over the last 12 months.
The Company Has a Highly Leveraged Balance Sheet and a Declining EPS Growth Trend:
| 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | |
|---|---|---|---|---|
| Revenue (MM) | $3,209 | $3,904 | $4,428 | $4,692 |
| Operating Margins | 19.7% | 17.4% | 17.3% | 14.6% |
| Net Margins | 18.07% | 9.13% | 38.6% | 8.05% |
| Net Income (MM) | $580 | $356 | $1,709 | $378 |
| Net Interest Expense (MM) | -287 | -313 | -298 | -290 |
| Net Interest Expense (MM) | -$287 | -$313 | -$298 | -$290 |
| Depreciation & Amort. (MM) | -$1,164 | -$1,366 | -$1,487 | -$1,578 |
| Earnings Per Share | $2.35 | $1.0 | $5.94 | $1.09 |
| EPS Growth | n/a | -57.45% | 494.0% | -81.65% |
| Diluted Shares (MM) | 209 | 263 | 283 | 291 |
| Free Cash Flow (MM) | $1,514 | $1,707 | $1,702 | $1,659 |
| Net Current Assets (MM) | -$11,793 | -$16,876 | -$17,031 | -$20,752 |
| Current Ratio | 0.42 | 0.25 | 0.36 | 0.25 |
| Long Term Debt (MM) | $9,888 | $12,773 | $13,050 | $14,446 |
| Net Debt / EBITDA | 4.91 | 6.36 | 3.73 | 7.22 |
Digital Realty Trust's Valuation Is in Line With Its Sector Averages:
Digital Realty Trust has a trailing twelve month P/E ratio of 89.7, compared to an average of 24.81 for the Real Estate sector. Based on its EPS guidance of $1.38, the company has a forward P/E ratio of 70.8. The -10.1% compound average growth rate of Digital Realty Trust's historical and projected earnings per share yields a PEG ratio of -8.88. This indicates that its shares are overvalued.In contrast, the market is likely undervaluing Digital Realty Trust in terms of its equity because its P/B ratio is 1.86 while the sector average is 2.24. The company's shares are currently trading 82.7% above their Graham number.
Digital Realty Trust Has an Analyst Consensus of Some Upside Potential:
The 17 analysts following Digital Realty Trust have set target prices ranging from $80.0 to $175.0 per share, for an average of $118.0 with a buy rating. As of April 2023, the company is trading -17.2% away from its average target price, indicating that there is an analyst consensus of some upside potential.
Digital Realty Trust has an average amount of shares sold short because 6.7% of the company's shares are sold short. Institutions own 102.0% of the company's shares, and the insider ownership rate stands at 0.11%, suggesting a small amount of insider investors. The largest shareholder is the Vanguard Group, Inc., whose 16% stake in the company is worth $4,934,810,574.
