Digital Realty Trust, Inc. (NYSE:DLR) Receives $198.14 Average PT from Analysts

Digital Realty Trust, Inc. (NYSE:DLR) has been given a consensus rating of “Moderate Buy” by the twenty-five brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $198.1429.

A number of equities analysts have recently issued reports on DLR shares. Loop Capital set a $205.00 price target on Digital Realty Trust in a research report on Monday, October 27th. Morgan Stanley started coverage on Digital Realty Trust in a research report on Thursday, October 16th. They set an “equal weight” rating and a $195.00 target price on the stock. Wall Street Zen downgraded Digital Realty Trust from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Moffett Nathanson boosted their price target on Digital Realty Trust from $163.00 to $166.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Finally, TD Cowen upped their price objective on shares of Digital Realty Trust from $163.00 to $179.00 and gave the company a “hold” rating in a report on Friday, October 24th.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $157.22 on Friday. The company has a market capitalization of $54.00 billion, a PE ratio of 40.62, a P/E/G ratio of 4.13 and a beta of 0.96. The company has a 50-day simple moving average of $169.66 and a two-hundred day simple moving average of $170.82. Digital Realty Trust has a one year low of $129.95 and a one year high of $198.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.22 and a current ratio of 2.02.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. The firm had revenue of $1.58 billion for the quarter. Research analysts expect 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 Friday, January 16th. Shareholders of record on Monday, December 15th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.1%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 126.10%.

Insider Activity at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

Institutional Trading of Digital Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Digital Realty Trust in the second quarter worth about $3,808,270,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Digital Realty Trust by 686.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,807,512 shares of the real estate investment trust’s stock worth $831,123,000 after buying an additional 4,195,862 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Digital Realty Trust by 63.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust’s stock worth $1,023,769,000 after buying an additional 2,760,286 shares during the last quarter. Nuveen LLC acquired a new stake in Digital Realty Trust during the 1st quarter valued at approximately $342,389,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Digital Realty Trust by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust’s stock valued at $7,505,367,000 after acquiring an additional 925,674 shares during the last quarter. 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.