Digital Realty Trust, Inc. (NYSE:DLR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Digital Realty Trust, Inc. (NYSE:DLR) have received a consensus rating of “Moderate Buy” from the twenty ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $154.00.

Several equities analysts recently issued reports on DLR shares. Wells Fargo & Company boosted their price target on Digital Realty Trust from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. UBS Group upped their target price on Digital Realty Trust from $143.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Barclays raised their target price on Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 24th. Stifel Nicolaus boosted their price target on shares of Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, Truist Financial raised their price objective on shares of Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th.

Insider Activity at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the transaction, the director now directly owns 9,055 shares in the company, valued at $1,360,604.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Digital Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in shares of Digital Realty Trust during the 4th quarter valued at $21,101,000. Choreo LLC boosted its holdings in Digital Realty Trust by 9.2% during the fourth quarter. Choreo LLC now owns 4,801 shares of the real estate investment trust’s stock worth $652,000 after buying an additional 404 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Digital Realty Trust by 14.8% during the 4th quarter. Van ECK Associates Corp now owns 124,622 shares of the real estate investment trust’s stock worth $16,772,000 after buying an additional 16,061 shares during the period. Kestra Private Wealth Services LLC bought a new stake in shares of Digital Realty Trust in the 4th quarter valued at about $318,000. Finally, Brighton Jones LLC raised its position in shares of Digital Realty Trust by 7.8% in the 4th quarter. Brighton Jones LLC now owns 7,346 shares of the real estate investment trust’s stock valued at $989,000 after acquiring an additional 529 shares during the period. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 0.4 %

Shares of Digital Realty Trust stock opened at $149.49 on Friday. The company has a market cap of $46.70 billion, a price-to-earnings ratio of 41.53, a PEG ratio of 10.97 and a beta of 0.59. Digital Realty Trust has a 1 year low of $113.94 and a 1 year high of $162.58. The company’s fifty day simple moving average is $151.11 and its 200-day simple moving average is $145.84. The company has a current ratio of 1.78, a quick ratio of 1.29 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($1.43). The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.68 earnings per share. As a group, sell-side analysts expect that Digital Realty Trust will post 6.67 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Friday, September 13th. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Digital Realty Trust Company Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.