Brokerages Set Digital Realty Trust, Inc. (NYSE:DLR) PT at $169.47

Shares of Digital Realty Trust, Inc. (NYSE:DLR) have received a consensus rating of “Moderate Buy” from the twenty-two ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $169.47.

DLR has been the subject of several recent analyst reports. Evercore ISI raised their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Truist Financial lifted their price objective on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday. Argus cut Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Raymond James upped their price target on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th.

Institutional Trading of Digital Realty Trust

A number of large investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in Digital Realty Trust in the 2nd quarter valued at $25,000. Gradient Investments LLC lifted its stake in Digital Realty Trust by 75.2% during the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 76 shares during the last quarter. American Capital Advisory LLC acquired a new stake in Digital Realty Trust in the second quarter valued at about $27,000. Private Ocean LLC acquired a new position in Digital Realty Trust during the second quarter worth about $27,000. Finally, Asset Dedication LLC bought a new position in shares of Digital Realty Trust in the second quarter worth about $31,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $179.67 on Wednesday. The firm’s 50-day moving average is $165.93 and its 200-day moving average is $154.52. The company has a market cap of $59.60 billion, a price-to-earnings ratio of 150.03, a PEG ratio of 4.73 and a beta of 0.59. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. Digital Realty Trust has a 52-week low of $130.00 and a 52-week high of $193.88.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. Digital Realty Trust’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.62 earnings per share. Equities research analysts anticipate that Digital Realty Trust will post 6.71 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

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.