Digital Realty Trust’s (DLR) “Buy” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Digital Realty Trust (NYSE:DLR) in a research note released on Friday, Benzinga reports. They currently have a $195.00 price target on the real estate investment trust’s stock, up from their previous price target of $185.00.

Several other equities research analysts have also recently issued reports on DLR. The Goldman Sachs Group assumed coverage on shares of Digital Realty Trust in a report on Monday, July 1st. They issued a “buy” rating and a $175.00 target price on the stock. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Barclays upped their price target on shares of Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. Truist Financial boosted their target price on shares of Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Finally, HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and upped their target price for the company from $124.00 to $160.00 in a report on Friday, October 4th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of “Hold” and a consensus target price of $165.21.

Digital Realty Trust Stock Up 9.6 %

Shares of Digital Realty Trust stock opened at $181.01 on Friday. The company has a 50-day simple moving average of $157.70 and a two-hundred day simple moving average of $150.74. Digital Realty Trust has a 52-week low of $116.73 and a 52-week high of $193.88. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78. The stock has a market capitalization of $56.55 billion, a PE ratio of 50.28, a price-to-earnings-growth ratio of 5.08 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last released 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 business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company posted $1.62 earnings per share. On average, analysts anticipate that Digital Realty Trust will post 6.65 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid 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 2.70%. Digital Realty Trust’s payout ratio is 135.56%.

Insider Buying and Selling at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the transaction, the director now owns 9,055 shares in the company, valued at approximately $1,360,604.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Digital Realty Trust

Several large investors have recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new stake in Digital Realty Trust in the 1st quarter worth approximately $34,000. Independence Bank of Kentucky raised its stake in Digital Realty Trust by 633.3% during the first quarter. Independence Bank of Kentucky now owns 1,100 shares of the real estate investment trust’s stock valued at $158,000 after purchasing an additional 950 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Digital Realty Trust by 36.0% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 2,448 shares of the real estate investment trust’s stock valued at $353,000 after purchasing an additional 648 shares during the last quarter. Aviance Capital Partners LLC purchased a new position in shares of Digital Realty Trust in the 1st quarter worth $242,000. Finally, Little House Capital LLC bought a new stake in shares of Digital Realty Trust in the 1st quarter worth about $2,436,000. 99.71% of the stock is owned by institutional investors.

About Digital Realty Trust

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.