Raymond James Increases Digital Realty Trust (NYSE:DLR) Price Target to $190.00

Digital Realty Trust (NYSE:DLR) had its price target lifted by Raymond James from $170.00 to $190.00 in a report issued on Friday, Benzinga reports. The firm currently has a strong-buy rating on the real estate investment trust’s stock.

A number of other brokerages have also weighed in on DLR. Evercore ISI raised their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group initiated coverage on Digital Realty Trust in a research note on Monday, July 1st. They issued a “buy” rating and a $175.00 price target on the stock. TD Cowen decreased their price objective on Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, July 26th. Wells Fargo & Company lifted their target price on shares of Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $195.00 target price (up from $185.00) on shares of Digital Realty Trust in a research report on Friday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $167.68.

Digital Realty Trust Stock Up 1.3 %

Digital Realty Trust stock opened at $183.31 on Friday. Digital Realty Trust has a 12 month low of $121.38 and a 12 month high of $193.88. The stock has a market capitalization of $57.27 billion, a PE ratio of 50.92, a price-to-earnings-growth ratio of 5.08 and a beta of 0.60. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.78. The business has a 50 day simple moving average of $158.40 and a 200-day simple moving average of $151.02.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.58). The company had revenue of $1.43 billion during 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%. Digital Realty Trust’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.62 EPS. On average, analysts anticipate that Digital Realty Trust will post 6.65 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

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

Insider Transactions at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the business’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 sale, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.17% of the company’s stock.

Institutional Trading of Digital Realty Trust

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