Digital Realty Trust (DLR) Upgraded by Raymond James Financial to Outperform

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Raymond James Financial upgraded shares of Digital Realty Trust (NYSE:DLR) from a market perform rating to an outperform rating in a research note released on Monday, March 12th, MarketBeat.com reports.

Other equities research analysts have also issued research reports about the stock. TheStreet raised shares of Digital Realty Trust from a c+ rating to a b rating in a research report on Thursday, February 15th. Citigroup upgraded Digital Realty Trust from a neutral rating to a buy rating and boosted their price objective for the company from $105.12 to $120.00 in a research note on Wednesday, February 14th. SunTrust Banks reiterated a buy rating and set a $135.00 price objective on shares of Digital Realty Trust in a research note on Friday, November 24th. Deutsche Bank upgraded Digital Realty Trust from a hold rating to a buy rating and set a $130.00 price objective for the company in a research note on Wednesday, January 10th. Finally, ValuEngine upgraded Digital Realty Trust from a hold rating to a buy rating in a research note on Sunday, December 31st. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Digital Realty Trust has an average rating of Buy and an average target price of $122.25.

Shares of NYSE DLR traded down $0.91 during midday trading on Monday, hitting $104.30. 839,637 shares of the company’s stock traded hands, compared to its average volume of 1,508,381. Digital Realty Trust has a 1 year low of $96.56 and a 1 year high of $127.23. The firm has a market capitalization of $21,492.19, a P/E ratio of 16.99, a PEG ratio of 2.35 and a beta of -0.02. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.88.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.52 by ($1.18). Digital Realty Trust had a net margin of 10.10% and a return on equity of 4.03%. The business had revenue of $731.45 million for the quarter, compared to analysts’ expectations of $729.30 million. equities research analysts anticipate that Digital Realty Trust will post 6.54 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Thursday, March 15th were paid a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 3.87%. This is an increase from Digital Realty Trust’s previous quarterly dividend of $0.93. The ex-dividend date was Wednesday, March 14th. Digital Realty Trust’s dividend payout ratio is presently 65.80%.

In other Digital Realty Trust news, SVP Christopher Kenney sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $103.47, for a total value of $1,034,700.00. Following the completion of the transaction, the senior vice president now directly owns 10,000 shares in the company, valued at approximately $1,034,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.40% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Amica Retiree Medical Trust bought a new position in Digital Realty Trust in the 3rd quarter worth approximately $102,000. Grove Bank & Trust boosted its stake in Digital Realty Trust by 1,284.6% in the 3rd quarter. Grove Bank & Trust now owns 900 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 835 shares during the period. Thompson Siegel & Walmsley LLC boosted its stake in Digital Realty Trust by 4,984.2% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 966 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 947 shares during the period. Fieldpoint Private Securities LLC bought a new position in Digital Realty Trust in the 3rd quarter worth approximately $134,000. Finally, Catalyst Capital Advisors LLC bought a new position in Digital Realty Trust in the 3rd quarter worth approximately $168,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

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About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.

Analyst Recommendations for Digital Realty Trust (NYSE:DLR)

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