Digital Realty Trust (NYSE:DLR) Price Target Raised to $205.00 at Jefferies Financial Group

Digital Realty Trust (NYSE:DLR) had its target price hoisted by Jefferies Financial Group from $190.00 to $205.00 in a report published on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

DLR has been the topic of several other research reports. Stifel Nicolaus reiterated a “buy” rating and issued a $195.00 target price (up previously from $185.00) on shares of Digital Realty Trust in a research note on Friday. HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and boosted their price objective for the stock from $124.00 to $160.00 in a research note on Friday, October 4th. The Goldman Sachs Group started coverage on Digital Realty Trust in a research report on Monday, July 1st. They set a “buy” rating and a $175.00 price target on the stock. Barclays boosted their target price on Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, October 10th. Finally, Raymond James increased their price target on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $167.68.

Digital Realty Trust Stock Up 1.3 %

DLR stock opened at $183.31 on Friday. The business’s 50-day moving average price is $158.40 and its 200-day moving average price is $151.02. Digital Realty Trust has a twelve month low of $121.38 and a twelve month high of $193.88. The stock has a market cap of $57.27 billion, a P/E ratio of 50.92, a PEG ratio of 5.08 and a beta of 0.60. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the company earned $1.62 earnings per share. On average, equities research analysts forecast that Digital Realty Trust will post 6.65 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $4.88 annualized dividend and a yield of 2.66%. Digital Realty Trust’s payout ratio is 135.56%.

Insider Activity

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the sale, the director now owns 9,055 shares in the company, valued at $1,360,604.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Institutional Trading of Digital Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Trueblood Wealth Management LLC lifted its stake in Digital Realty Trust by 3.1% during the 3rd quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock worth $334,000 after acquiring an additional 61 shares in the last quarter. Gilman Hill Asset Management LLC boosted its position in Digital Realty Trust by 1.1% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust’s stock valued at $940,000 after buying an additional 65 shares during the period. GHP Investment Advisors Inc. grew its stake in shares of Digital Realty Trust by 14.3% in the third quarter. GHP Investment Advisors Inc. now owns 527 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 66 shares in the last quarter. Telos Capital Management Inc. increased its position in shares of Digital Realty Trust by 0.8% during the third quarter. Telos Capital Management Inc. now owns 8,569 shares of the real estate investment trust’s stock worth $1,387,000 after acquiring an additional 71 shares during the period. Finally, Gradient Investments LLC raised its stake in shares of Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

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.