Digital Realty Trust, Inc. (NYSE:DLR) Stock Has Average Price Target of $219.61

Digital Realty Trust, Inc. (NYSE:DLR) has earned a consensus rating of “Moderate Buy” from the thirty-three research firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation, twenty-six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $219.69.

Several equities analysts recently weighed in on the stock. Wells Fargo & Company upgraded shares of Digital Realty Trust from an “overweight” rating to a “buy” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $229.00 price objective on shares of Digital Realty Trust in a research note on Monday, July 27th. HSBC dropped their price objective on shares of Digital Realty Trust from $240.00 to $235.00 and set a “buy” rating on the stock in a report on Wednesday. Mizuho set a $223.00 price objective on shares of Digital Realty Trust in a research note on Monday, August 10th. Finally, Argus raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $212.00 target price for the company in a report on Wednesday, August 5th.

Digital Realty Trust Trading Down 1.3%

NYSE DLR opened at $178.64 on Friday. The company has a fifty day simple moving average of $188.52 and a two-hundred day simple moving average of $187.19. The stock has a market cap of $66.27 billion, a P/E ratio of 86.72, a P/E/G ratio of 3.47 and a beta of 1.02. Digital Realty Trust has a 12-month low of $146.23 and a 12-month high of $208.14. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $1.21 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.77). Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%.The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the firm posted $1.87 earnings per share. The company’s quarterly revenue was up 28.9% on a year-over-year basis. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. On average, analysts forecast that Digital Realty Trust will post 8.4 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 236.89%.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Mark Patterson sold 200 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $193.96, for a total value of $38,792.00. Following the completion of the transaction, the director owned 6,322 shares of the company’s stock, valued at $1,226,215.12. The trade was a 3.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.15% of the company’s stock.

Institutional Trading of Digital Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Digital Realty Trust in the 2nd quarter worth approximately $7,277,032,000. Cohen & Steers Inc. increased its holdings in shares of Digital Realty Trust by 18.0% during the 4th quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock valued at $4,332,366,000 after purchasing an additional 4,276,073 shares in the last quarter. Norges Bank acquired a new position in shares of Digital Realty Trust in the 4th quarter valued at $3,402,995,000. Bank of America Corp DE lifted its stake in shares of Digital Realty Trust by 6.0% in the 1st quarter. Bank of America Corp DE now owns 9,470,695 shares of the real estate investment trust’s stock valued at $1,706,714,000 after purchasing an additional 534,158 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Digital Realty Trust by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 9,234,073 shares of the real estate investment trust’s stock worth $1,423,373,000 after buying an additional 197,180 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers around the world. The company provides the physical infrastructure businesses need to house information technology equipment, cloud-computing resources and critical digital systems.

Its services include data center colocation, hyperscale facilities, interconnection and related infrastructure solutions. Through its PlatformDIGITAL offering, Digital Realty helps customers connect to cloud providers, network operators, internet service providers, enterprises and other digital ecosystems.