Analysts Set Digital Realty Trust, Inc. (NYSE:DLR) Target Price at $179.95

Digital Realty Trust, Inc. (NYSE:DLR) has been assigned an average rating of “Moderate Buy” from the twenty-two analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, fourteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $181.00.

A number of research analysts have recently weighed in on DLR shares. JMP Securities reaffirmed a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Scotiabank raised shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target on the stock in a report on Tuesday, February 18th. Stifel Nicolaus raised their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their target price for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Finally, Truist Financial raised their price target on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 12th.

Digital Realty Trust Stock Down 1.3 %

DLR opened at $157.28 on Friday. The firm’s 50 day simple moving average is $171.70 and its two-hundred day simple moving average is $169.69. The company has a market capitalization of $52.17 billion, a PE ratio of 97.08, a PEG ratio of 4.38 and a beta of 0.63. Digital Realty Trust has a 1-year low of $135.54 and a 1-year high of $198.00. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. As a group, equities analysts forecast that Digital Realty Trust will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.10%. Digital Realty Trust’s payout ratio is currently 301.23%.

Insider Transactions at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Digital Realty Trust

Several institutional investors have recently modified their holdings of the stock. Clear Creek Financial Management LLC raised its holdings in Digital Realty Trust by 1.6% during the 3rd quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust’s stock valued at $621,000 after buying an additional 59 shares during the period. OneDigital Investment Advisors LLC increased its position in Digital Realty Trust by 3.2% during the third quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock valued at $305,000 after acquiring an additional 59 shares during the last quarter. Trueblood Wealth Management LLC raised its stake in shares of Digital Realty Trust by 3.1% in the third quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock valued at $334,000 after acquiring an additional 61 shares during the period. Stolper Co lifted its holdings in shares of Digital Realty Trust by 0.5% in the 4th quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock worth $2,243,000 after acquiring an additional 64 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its stake in shares of Digital Realty Trust by 1.5% during the 4th quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust’s stock worth $769,000 after purchasing an additional 64 shares during the period. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.