Citizens Jmp upgraded shares of Digital Realty Trust (NYSE:DLR – Free Report) to a strong-buy rating in a report released on Monday,Zacks.com reports.
Several other research analysts have also recently weighed in on DLR. Raymond James upped their price objective 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. Scotiabank upped their price objective on shares of Digital Realty Trust from $178.00 to $208.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 23rd. Truist Financial upped their target price on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Jefferies Financial Group upped their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus upped their target price on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $180.95.
Read Our Latest Stock Report on DLR
Digital Realty Trust Stock Down 0.0 %
Digital Realty Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 13th were paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.
Insider Buying and Selling
In related news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.17% of the stock is currently owned by insiders.
Institutional Trading of Digital Realty Trust
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clear Creek Financial Management LLC boosted its position in shares of Digital Realty Trust by 1.6% during the third quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust’s stock valued at $621,000 after buying an additional 59 shares during the last quarter. OneDigital Investment Advisors LLC boosted its position in shares of Digital Realty Trust by 3.2% during the third quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock valued at $305,000 after buying an additional 59 shares during the last quarter. Trueblood Wealth Management LLC boosted its position in shares of Digital Realty Trust by 3.1% during the third quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock valued at $334,000 after buying an additional 61 shares during the last quarter. Stolper Co boosted its position in shares of Digital Realty Trust by 0.5% during the fourth quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock valued at $2,243,000 after buying an additional 64 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its position in shares of Digital Realty Trust by 1.5% during the fourth quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust’s stock valued at $769,000 after buying an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.
About Digital Realty Trust
Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.
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