Digital Realty Trust’s (DLR) Neutral Rating Reiterated at Bank of America

Bank of America reiterated their neutral rating on shares of Digital Realty Trust (NYSE:DLR) in a report released on Thursday, Marketbeat Ratings reports. They currently have a $170.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $210.00.

A number of other equities research analysts have also recently commented on DLR. Stifel Nicolaus set a $210.00 price target on shares of Digital Realty Trust in a report on Friday, October 24th. Wall Street Zen cut Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Cowen reiterated a “hold” rating on shares of Digital Realty Trust in a research note on Friday, October 24th. Weiss Ratings raised Digital Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Digital Realty Trust in a report on Monday, January 5th. They set a “buy” rating and a $180.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $194.62.

Digital Realty Trust Trading Up 3.6%

NYSE DLR opened at $158.50 on Thursday. Digital Realty Trust has a 12 month low of $129.95 and a 12 month high of $187.74. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.80. The stock’s fifty day moving average price is $158.43 and its 200-day moving average price is $167.01. The stock has a market cap of $54.44 billion, a P/E ratio of 40.96, a P/E/G ratio of 3.80 and a beta of 1.11.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. The company had revenue of $1.58 billion for the quarter. As a group, equities analysts forecast that Digital Realty Trust will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 15th will be given a $1.22 dividend. The ex-dividend date is Monday, December 15th. This represents a $4.88 annualized dividend and a yield of 3.1%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 126.10%.

Insider Activity

In related news, Director Mary Hogan Preusse sold 4,166 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $157.42, for a total value of $655,811.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC grew its stake in shares of Digital Realty Trust by 3,200.5% during the 4th quarter. SG Americas Securities LLC now owns 291,306 shares of the real estate investment trust’s stock valued at $45,068,000 after acquiring an additional 282,480 shares during the period. TABR Capital Management LLC purchased a new position in shares of Digital Realty Trust during the 4th quarter valued at $5,397,000. Norway Savings Bank boosted its stake in shares of Digital Realty Trust by 3.6% in the fourth quarter. Norway Savings Bank now owns 11,398 shares of the real estate investment trust’s stock worth $1,763,000 after acquiring an additional 391 shares during the period. Elmwood Wealth Management Inc. raised its stake in Digital Realty Trust by 3.9% during the 4th quarter. Elmwood Wealth Management Inc. now owns 3,163 shares of the real estate investment trust’s stock valued at $489,000 after purchasing an additional 120 shares during the period. Finally, Sound View Wealth Advisors Group LLC lifted its holdings in Digital Realty Trust by 3.9% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 17,551 shares of the real estate investment trust’s stock worth $2,715,000 after purchasing an additional 657 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.