Digital Realty Trust (NYSE:DLR) Rating Increased to Strong-Buy at Truist Financial

Truist Financial upgraded shares of Digital Realty Trust (NYSE:DLR) to a strong-buy rating in a report issued on Monday,Zacks.com reports.

A number of other equities research analysts have also weighed in on DLR. Scotiabank reduced their price objective on shares of Digital Realty Trust from $206.00 to $189.00 and set a “sector outperform” rating on the stock in a report on Wednesday, January 14th. Jefferies Financial Group increased their target price on Digital Realty Trust from $184.00 to $189.00 and gave the company a “buy” rating in a report on Friday, February 6th. HSBC set a $193.00 price target on Digital Realty Trust and gave the company a “buy” rating in a research note on Thursday, January 15th. Sanford C. Bernstein started coverage on Digital Realty Trust in a report on Thursday, March 5th. They set an “outperform” rating and a $218.00 price target for the company. Finally, BMO Capital Markets upped their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Four analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $194.88.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $180.45 on Monday. The business has a 50-day simple moving average of $174.65 and a 200-day simple moving average of $167.83. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.59 and a current ratio of 1.59. Digital Realty Trust has a one year low of $129.95 and a one year high of $184.79. The company has a market cap of $62.00 billion, a PE ratio of 50.12, a P/E/G ratio of 3.99 and a beta of 1.12.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, February 5th. The real estate investment trust reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.03. Digital Realty Trust had a net margin of 21.41% and a return on equity of 5.88%. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the company earned $1.73 earnings per share. The firm’s revenue was up 13.8% compared to the same quarter last year. Digital Realty Trust has set its FY 2026 guidance at 7.900-8.000 EPS. On average, equities research analysts forecast 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, March 31st. Investors of record on Friday, March 13th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, March 13th. Digital Realty Trust’s dividend payout ratio (DPR) is 135.56%.

Institutional Investors Weigh In On Digital Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Digital Realty Trust by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 54,260,359 shares of the real estate investment trust’s stock worth $8,394,620,000 after purchasing an additional 854,828 shares in the last quarter. Cohen & Steers Inc. boosted its position in shares of Digital Realty Trust by 18.0% in the 4th quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock valued at $4,332,366,000 after purchasing an additional 4,276,073 shares during the period. Norges Bank purchased a new position in Digital Realty Trust during the 4th quarter worth approximately $3,402,995,000. State Street Corp grew its stake in Digital Realty Trust by 1.1% during the 4th quarter. State Street Corp now owns 20,649,053 shares of the real estate investment trust’s stock worth $3,219,256,000 after buying an additional 231,933 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Digital Realty Trust by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 9,234,073 shares of the real estate investment trust’s stock worth $1,423,373,000 after buying an additional 197,180 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

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.