Digital Realty Trust, Inc. (DLR) – What Are Analysts Saying About This Stock?

Digital Realty Trust, Inc. (NYSE:DLR) has received a consensus recommendation of “Moderate Buy” from the thirty-four analysts that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation, twenty-six have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $221.53.

Several analysts have recently issued reports on DLR shares. TD Cowen raised Digital Realty Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $192.00 to $222.00 in a report on Friday, July 24th. Rothschild & Co Redburn began coverage on Digital Realty Trust in a research note on Monday, September 21st. They issued a “buy” rating and a $227.00 price target for the company. KeyCorp reaffirmed a “sector weight” rating on shares of Digital Realty Trust in a research report on Friday, July 24th. Deutsche Bank reiterated a “buy” rating and set a $229.00 price objective on shares of Digital Realty Trust in a research note on Monday, July 27th. Finally, Evercore restated an “outperform” rating and issued a $240.00 target price on shares of Digital Realty Trust in a research report on Tuesday, August 18th.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total transaction of $38,792.00. Following the completion of the transaction, the director directly owned 6,322 shares in the company, valued at $1,226,215.12. The trade was a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.15% of the stock is owned by company insiders.

Institutional Trading of Digital Realty Trust

Several large investors have recently bought and sold shares of the business. Denali Advisors LLC raised its position in Digital Realty Trust by 1.3% in the second quarter. Denali Advisors LLC now owns 4,359 shares of the real estate investment trust’s stock valued at $783,000 after purchasing an additional 56 shares during the last quarter. Twin Capital Management Inc. increased its stake in shares of Digital Realty Trust by 1.1% in the first quarter. Twin Capital Management Inc. now owns 5,618 shares of the real estate investment trust’s stock valued at $1,012,000 after buying an additional 59 shares during the period. Cidel Asset Management Inc. raised its holdings in Digital Realty Trust by 4.0% in the 3rd quarter. Cidel Asset Management Inc. now owns 1,620 shares of the real estate investment trust’s stock valued at $284,000 after buying an additional 62 shares during the last quarter. Verity Asset Management Inc. raised its holdings in Digital Realty Trust by 2.0% in the 3rd quarter. Verity Asset Management Inc. now owns 3,345 shares of the real estate investment trust’s stock valued at $587,000 after buying an additional 64 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV boosted its position in Digital Realty Trust by 0.6% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 10,675 shares of the real estate investment trust’s stock worth $1,924,000 after buying an additional 67 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Up 1.4%

DLR stock opened at $183.66 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $69.48 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 3.55 and a beta of 0.97. The business’s fifty day moving average price is $179.87 and its two-hundred day moving average price is $183.77. Digital Realty Trust has a fifty-two week low of $146.23 and a fifty-two week high of $208.14.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, October 29th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.04). Digital Realty Trust had a return on equity of 3.68% and a net margin of 13.06%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the previous year, the company earned $1.89 EPS. The business’s revenue for the quarter was up 20.6% on a year-over-year basis. On average, equities analysts anticipate that Digital Realty Trust will post 8.40 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Tuesday, December 15th will be given a dividend of $1.22 per share. The ex-dividend date is Tuesday, December 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.7%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 204.18%.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc. is a real estate investment trust that owns, operates and develops data centers. Its facilities support customers’ IT infrastructure, including the equipment and systems used to store, process and exchange digital information. The company provides data center space and related services, including colocation, interconnection and access to cloud and network providers. Its PlatformDIGITAL offering connects businesses with customers, partners and service providers across its data center portfolio.