Analysts Set Digital Realty Trust, Inc. (NYSE:DLR) PT at $169.47

Digital Realty Trust, Inc. (NYSE:DLR) has earned an average rating of “Moderate Buy” from the twenty-two research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $169.47.

Several research analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Evercore ISI upped their price target on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Jefferies Financial Group increased their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada increased their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, October 28th.

Institutional Trading of Digital Realty Trust

Several institutional investors and hedge funds have recently modified their holdings of DLR. Empowered Funds LLC raised its holdings in shares of Digital Realty Trust by 21.8% in the first quarter. Empowered Funds LLC now owns 4,607 shares of the real estate investment trust’s stock valued at $664,000 after acquiring an additional 826 shares in the last quarter. ProShare Advisors LLC grew its position in shares of Digital Realty Trust by 2.1% in the 1st quarter. ProShare Advisors LLC now owns 52,521 shares of the real estate investment trust’s stock worth $7,565,000 after buying an additional 1,056 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Digital Realty Trust by 170.9% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 308,782 shares of the real estate investment trust’s stock worth $44,477,000 after acquiring an additional 194,800 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in Digital Realty Trust by 0.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 334,144 shares of the real estate investment trust’s stock valued at $48,130,000 after acquiring an additional 2,194 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Digital Realty Trust by 12.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 537,196 shares of the real estate investment trust’s stock valued at $77,378,000 after acquiring an additional 58,680 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

DLR stock opened at $179.67 on Wednesday. The company has a market capitalization of $59.60 billion, a P/E ratio of 150.03, a PEG ratio of 4.73 and a beta of 0.59. The company has a fifty day moving average price of $165.93 and a 200-day moving average price of $154.52. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. Digital Realty Trust has a 52-week low of $130.00 and a 52-week high of $193.88.

Digital Realty Trust (NYSE:DLR) last announced its earnings results 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 2.24% and a net margin of 8.04%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the business earned $1.62 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts expect that Digital Realty Trust will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 410.08%.

About Digital Realty Trust

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.