JPMorgan Chase & Co. Boosts Digital Realty Trust (NYSE:DLR) Price Target to $185.00

Digital Realty Trust (NYSE:DLR) had its price objective boosted by JPMorgan Chase & Co. from $180.00 to $185.00 in a report published on Friday morning, Benzinga reports. The firm currently has an overweight rating on the real estate investment trust’s stock.

Other research analysts have also issued reports about the company. Mizuho assumed coverage on Digital Realty Trust in a research report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price objective for the company. Barclays boosted their price objective on shares of Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, October 10th. Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Stifel Nicolaus reissued a “buy” rating and issued a $195.00 price target (up from $185.00) on shares of Digital Realty Trust in a research note on Friday. Finally, The Goldman Sachs Group assumed coverage on shares of Digital Realty Trust in a research report on Monday, July 1st. They set a “buy” rating and a $175.00 price objective for the company. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $165.21.

Digital Realty Trust Stock Performance

NYSE DLR opened at $181.01 on Friday. Digital Realty Trust has a fifty-two week low of $116.73 and a fifty-two week high of $193.88. The firm has a market capitalization of $56.55 billion, a P/E ratio of 50.28, a price-to-earnings-growth ratio of 5.08 and a beta of 0.60. The stock’s fifty day moving average is $157.70 and its two-hundred day moving average is $150.74. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.62 earnings per share. On average, research analysts anticipate that Digital Realty Trust will post 6.65 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $4.88 annualized dividend and a yield of 2.70%. Digital Realty Trust’s dividend payout ratio (DPR) is 135.56%.

Insiders Place Their Bets

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the sale, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Digital Realty Trust by 2.0% during the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock worth $6,986,458,000 after purchasing an additional 951,567 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Digital Realty Trust by 3.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust’s stock valued at $733,859,000 after buying an additional 146,183 shares in the last quarter. Legal & General Group Plc grew its position in shares of Digital Realty Trust by 2.8% in the 2nd quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust’s stock valued at $719,222,000 after buying an additional 129,799 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Digital Realty Trust by 16.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock worth $718,584,000 after acquiring an additional 678,165 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Digital Realty Trust by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust’s stock valued at $690,498,000 after acquiring an additional 228,585 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Company Profile

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.