Digital Realty Trust, Inc. (DLR) – What Are Researchers Thinking About This Stock?

Shares of Digital Realty Trust, Inc. (NYSE:DLR) have earned a consensus recommendation of “Moderate Buy” from the thirty-four research firms that are covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation, twenty-six have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $221.53.

A number of analysts have weighed in on the company. TD Cowen upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $192.00 to $222.00 in a research note on Friday, July 24th. Wells Fargo & Company boosted their target price on shares of Digital Realty Trust from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. Truist Financial cut their price target on shares of Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Royal Bank Of Canada raised their price target on shares of Digital Realty Trust from $207.00 to $227.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Finally, Rothschild & Co Redburn assumed coverage on shares of Digital Realty Trust in a report on Monday, September 21st. They set a “buy” rating and a $227.00 price objective for the company.

Insider Buying and Selling

In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of Digital Realty Trust stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $193.96, for a total transaction of $38,792.00. Following the completion of the sale, the director directly owned 6,322 shares of the company’s stock, valued at $1,226,215.12. The trade was a 3.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.15% of the stock is owned by insiders.

Hedge Funds Weigh In On Digital Realty Trust

Institutional investors have recently made changes to their positions in the company. Provenance Wealth Advisors LLC grew its holdings in Digital Realty Trust by 3,600.0% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 148 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 144 shares in the last quarter. Gables Capital Management Inc. bought a new stake in shares of Digital Realty Trust in the 2nd quarter valued at about $29,000. Bell Investment Advisors Inc bought a new stake in shares of Digital Realty Trust in the 2nd quarter valued at about $31,000. First Community Trust NA purchased a new stake in shares of Digital Realty Trust in the 3rd quarter worth approximately $31,000. Finally, Ashurst Perkins Coie Trust Co purchased a new stake in shares of Digital Realty Trust in the 3rd quarter worth approximately $31,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Trading Down 2.0%

Shares of DLR traded down $3.65 during mid-day trading on Friday, reaching $179.82. 1,771,614 shares of the company’s stock traded hands, compared to its average volume of 2,905,049. The stock has a market cap of $68.03 billion, a P/E ratio of 75.24, a P/E/G ratio of 3.60 and a beta of 0.97. The stock’s 50-day moving average is $179.71 and its two-hundred day moving average is $183.86. Digital Realty Trust has a 12 month low of $146.23 and a 12 month high of $208.14. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.72 and a quick ratio of 0.72.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.04). Digital Realty Trust had a return on equity of 3.68% and a net margin of 13.06%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the previous year, the company posted $1.89 earnings per share. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. Research analysts forecast that Digital Realty Trust will post 8.40 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Tuesday, December 15th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $4.88 annualized dividend and a yield of 2.7%. Digital Realty Trust’s dividend payout ratio is 204.18%.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc. is a real estate investment trust that owns, operates and develops data centers. Its facilities support customers’ IT infrastructure, including the equipment and systems used to store, process and exchange digital information. The company provides data center space and related services, including colocation, interconnection and access to cloud and network providers. Its PlatformDIGITAL offering connects businesses with customers, partners and service providers across its data center portfolio.