Digital Realty Trust, Inc. (NYSE:DLR) Given Consensus Rating of “Moderate Buy” by Brokerages

Digital Realty Trust, Inc. (NYSE:DLR) has been given a consensus recommendation of “Moderate Buy” by the twenty-three research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, fifteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $190.7368.

DLR has been the topic of a number of research analyst reports. Truist Financial set a $199.00 price target on Digital Realty Trust and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Mizuho increased their target price on Digital Realty Trust from $177.00 to $191.00 and gave the stock an “outperform” rating in a report on Tuesday, June 17th. Wall Street Zen upgraded Digital Realty Trust from a “sell” rating to a “hold” rating in a research note on Sunday, June 1st. Bank of America assumed coverage on shares of Digital Realty Trust in a research report on Monday, May 19th. They set a “buy” rating and a $210.00 price target on the stock. Finally, Guggenheim initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, July 9th. They issued a “neutral” rating for the company.

Digital Realty Trust Stock Down 1.1%

DLR opened at $163.5320 on Friday. The firm has a market cap of $55.77 billion, a price-to-earnings ratio of 42.92, a PEG ratio of 4.75 and a beta of 0.92. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.22 and a current ratio of 2.22. The firm’s 50-day simple moving average is $172.74 and its 200-day simple moving average is $163.57. Digital Realty Trust has a twelve month low of $129.95 and a twelve month high of $198.00.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.13. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Equities research analysts anticipate that Digital Realty Trust will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.0%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 128.08%.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the company’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction of $30,887.50. Following the transaction, the director owned 6,522 shares of the company’s stock, valued at approximately $1,151,133. This represents a 2.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by company insiders.

Hedge Funds Weigh In On Digital Realty Trust

Several large investors have recently made changes to their positions in the company. Greykasell Wealth Strategies Inc. bought a new position in shares of Digital Realty Trust in the 1st quarter valued at about $26,000. South Plains Financial Inc. lifted its holdings in Digital Realty Trust by 280.5% in the second quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 115 shares during the period. Tobam bought a new position in Digital Realty Trust in the second quarter valued at approximately $28,000. WPG Advisers LLC acquired a new stake in Digital Realty Trust during the 1st quarter worth $30,000. Finally, 1 North Wealth Services LLC bought a new stake in shares of Digital Realty Trust during the 1st quarter valued at $31,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

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.