Digital Realty Trust (NYSE:DLR) Sets New 1-Year Low – Here’s Why

Digital Realty Trust, Inc. (NYSE:DLR)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $135.52 and last traded at $138.36, with a volume of 203345 shares traded. The stock had previously closed at $141.09.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Scotiabank upgraded Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price for the company in a research report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Truist Financial decreased their price objective on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a report on Monday, March 10th. Finally, JPMorgan Chase & Co. raised their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Two analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $184.33.

Digital Realty Trust Trading Down 1.7 %

The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The firm has a market capitalization of $46.68 billion, a price-to-earnings ratio of 85.29, a PEG ratio of 4.38 and a beta of 0.92. The company has a 50-day moving average price of $157.12 and a 200-day moving average price of $169.36.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping the consensus estimate 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, research analysts forecast that Digital Realty Trust, Inc. will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.52%. Digital Realty Trust’s payout ratio is 301.23%.

Institutional Investors Weigh In On Digital Realty Trust

Large investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC raised its position in shares of Digital Realty Trust by 1.7% during the 3rd quarter. HighTower Advisors LLC now owns 78,575 shares of the real estate investment trust’s stock worth $12,655,000 after purchasing an additional 1,337 shares during the last quarter. Janus Henderson Group PLC grew its position in Digital Realty Trust by 12.1% during the third quarter. Janus Henderson Group PLC now owns 101,815 shares of the real estate investment trust’s stock valued at $16,478,000 after acquiring an additional 10,994 shares during the period. Investment Management Corp of Ontario lifted its holdings in shares of Digital Realty Trust by 54.4% during the 3rd quarter. Investment Management Corp of Ontario now owns 10,785 shares of the real estate investment trust’s stock valued at $1,745,000 after acquiring an additional 3,800 shares in the last quarter. IHT Wealth Management LLC raised its position in Digital Realty Trust by 25.2% in the third quarter. IHT Wealth Management LLC now owns 6,074 shares of the real estate investment trust’s stock valued at $981,000 after purchasing an additional 1,222 shares during the period. Finally, Motley Fool Asset Management LLC boosted its position in shares of Digital Realty Trust by 4.5% in the third quarter. Motley Fool Asset Management LLC now owns 13,175 shares of the real estate investment trust’s stock worth $2,112,000 after buying an additional 567 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

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.