Digital Realty Trust (NYSE:DLR) Shares Gap Down – Here’s Why

Shares of Digital Realty Trust, Inc. (NYSE:DLR) gapped down before the market opened on Tuesday . The stock had previously closed at $190.58, but opened at $182.25. Digital Realty Trust shares last traded at $180.7670, with a volume of 3,034,472 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DLR shares. Wells Fargo & Company lifted their price target on shares of Digital Realty Trust from $195.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Sanford C. Bernstein upped their price objective on Digital Realty Trust from $218.00 to $232.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Jefferies Financial Group increased their target price on Digital Realty Trust from $223.00 to $233.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Evercore lifted their target price on Digital Realty Trust from $200.00 to $230.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Finally, TD Cowen boosted their price target on Digital Realty Trust from $185.00 to $192.00 and gave the company a “hold” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $216.52.

Digital Realty Trust Trading Down 5.3%

The firm’s 50 day simple moving average is $192.03 and its 200-day simple moving average is $177.72. The company has a market capitalization of $63.45 billion, a PE ratio of 47.74, a P/E/G ratio of 5.24 and a beta of 1.03. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.78.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. Digital Realty Trust had a net margin of 21.73% and a return on equity of 6.05%. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.77 EPS. Digital Realty Trust has set its FY 2026 guidance at 7.950-8.050 EPS. As a group, equities research analysts anticipate that Digital Realty Trust, Inc. will post 8.05 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th 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 2.7%. The ex-dividend date is Monday, June 15th. Digital Realty Trust’s payout ratio is currently 128.76%.

Institutional Investors Weigh In On Digital Realty Trust

A number of large investors have recently modified their holdings of DLR. Cherry Creek Investment Advisors Inc. raised its stake in Digital Realty Trust by 0.3% in the 1st quarter. Cherry Creek Investment Advisors Inc. now owns 18,745 shares of the real estate investment trust’s stock valued at $3,378,000 after acquiring an additional 51 shares during the period. Columbia Bank boosted its position in Digital Realty Trust by 0.9% during the first quarter. Columbia Bank now owns 6,167 shares of the real estate investment trust’s stock worth $1,111,000 after purchasing an additional 53 shares during the period. GHP Investment Advisors Inc. increased its holdings in shares of Digital Realty Trust by 9.1% in the first quarter. GHP Investment Advisors Inc. now owns 657 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 55 shares during the last quarter. South Plains Financial Inc. increased its holdings in shares of Digital Realty Trust by 25.7% in the fourth quarter. South Plains Financial Inc. now owns 274 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 56 shares during the last quarter. Finally, Twin Capital Management Inc. raised its position in shares of Digital Realty Trust by 1.1% in the first quarter. Twin Capital Management Inc. now owns 5,618 shares of the real estate investment trust’s stock valued at $1,012,000 after purchasing an additional 59 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

About Digital Realty Trust

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.