Digital Realty Trust, Inc. (NYSE:DLR) Receives $157.17 Consensus Target Price from Brokerages

Shares of Digital Realty Trust, Inc. (NYSE:DLR) have been assigned an average recommendation of “Moderate Buy” from the twenty-one analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $157.17.

A number of research firms recently issued reports on DLR. Wells Fargo & Company upped their price target on shares of Digital Realty Trust from $170.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. TD Cowen lowered their price target on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating for the company in a report on Friday, July 26th. The Goldman Sachs Group assumed coverage on Digital Realty Trust in a research report on Monday, July 1st. They issued a “buy” rating and a $175.00 price target for the company. Stifel Nicolaus upped their price objective on Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th.

Digital Realty Trust Trading Down 0.1 %

Shares of DLR stock opened at $165.16 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $51.60 billion, a price-to-earnings ratio of 45.88, a price-to-earnings-growth ratio of 5.08 and a beta of 0.60. Digital Realty Trust has a 12-month low of $113.94 and a 12-month high of $165.65. The stock’s 50-day moving average price is $156.16 and its 200-day moving average price is $150.01.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate 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 was down .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.68 EPS. Equities research analysts predict that Digital Realty Trust will post 6.65 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.95%. The ex-dividend date was Friday, September 13th. Digital Realty Trust’s dividend payout ratio is presently 135.56%.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the transaction, the director now directly owns 9,055 shares in the company, valued at $1,360,604.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.17% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Digital Realty Trust

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Digital Realty Trust by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock worth $6,986,458,000 after purchasing an additional 951,567 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Digital Realty Trust by 3.1% during the second quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust’s stock worth $733,859,000 after buying an additional 146,183 shares during the period. Legal & General Group Plc boosted its position in Digital Realty Trust by 2.8% during the 2nd quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust’s stock valued at $719,222,000 after acquiring an additional 129,799 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Digital Realty Trust by 16.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock valued at $718,584,000 after acquiring an additional 678,165 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Digital Realty Trust by 5.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust’s stock valued at $690,498,000 after acquiring an additional 228,585 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

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.