Analysts Set Digital Realty Trust, Inc. (NYSE:DLR) Target Price at $197.52

Shares of Digital Realty Trust, Inc. (NYSE:DLR) have been given a consensus rating of “Moderate Buy” by the twenty-five ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $198.0952.

Several equities analysts have weighed in on the stock. Loop Capital set a $205.00 price target on shares of Digital Realty Trust in a report on Monday. TD Cowen lifted their price target on shares of Digital Realty Trust from $163.00 to $179.00 and gave the company a “hold” rating in a report on Friday, October 24th. Citigroup lifted their price target on shares of Digital Realty Trust from $200.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday. Cowen reaffirmed a “hold” rating on shares of Digital Realty Trust in a report on Friday, October 24th. Finally, Moffett Nathanson lifted their price target on shares of Digital Realty Trust from $163.00 to $166.00 and gave the company a “neutral” rating in a report on Monday, October 6th.

Insider Activity at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On Digital Realty Trust

Several hedge funds have recently modified their holdings of DLR. Pacific Heights Asset Management LLC increased its position in Digital Realty Trust by 33.3% in the first quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust’s stock worth $14,329,000 after purchasing an additional 25,000 shares during the last quarter. Brown Advisory Inc. increased its position in Digital Realty Trust by 25.2% in the first quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust’s stock worth $1,171,000 after purchasing an additional 1,644 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Digital Realty Trust by 9.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust’s stock worth $20,110,000 after purchasing an additional 12,289 shares during the last quarter. Vontobel Holding Ltd. increased its position in Digital Realty Trust by 71.2% in the first quarter. Vontobel Holding Ltd. now owns 27,028 shares of the real estate investment trust’s stock worth $3,873,000 after purchasing an additional 11,239 shares during the last quarter. Finally, Seamount Financial Group Inc. bought a new stake in Digital Realty Trust in the first quarter worth $227,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $170.63 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.22. Digital Realty Trust has a 1-year low of $129.95 and a 1-year high of $198.00. The company has a market capitalization of $58.19 billion, a P/E ratio of 44.09, a P/E/G ratio of 4.13 and a beta of 0.96. The firm’s 50 day simple moving average is $171.34 and its two-hundred day simple moving average is $170.03.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.11. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the firm earned $1.67 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. Research analysts expect that Digital Realty Trust will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, September 15th. Digital Realty Trust’s payout ratio is 126.10%.

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.