Digital Realty Trust (NYSE:DLR) PT Raised to $170.00 at Wells Fargo & Company

Digital Realty Trust (NYSE:DLR) had its price target raised by Wells Fargo & Company from $155.00 to $170.00 in a research note released on Tuesday, Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Other analysts also recently issued reports about the company. Stifel Nicolaus boosted their target price on Digital Realty Trust from $165.00 to $175.00 and gave the company a buy rating in a report on Friday, July 12th. UBS Group boosted their target price on Digital Realty Trust from $143.00 to $147.00 and gave the company a neutral rating in a report on Friday, May 3rd. Royal Bank of Canada boosted their price target on Digital Realty Trust from $144.00 to $160.00 and gave the company an outperform rating in a research report on Monday, June 3rd. BMO Capital Markets upgraded Digital Realty Trust from a market perform rating to an outperform rating and boosted their price target for the company from $144.00 to $170.00 in a research report on Wednesday, June 26th. Finally, Morgan Stanley boosted their price target on Digital Realty Trust from $100.00 to $108.00 and gave the company an equal weight rating in a research report on Tuesday, April 2nd. Three analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $152.20.

Digital Realty Trust Stock Down 1.2 %

Digital Realty Trust stock opened at $145.65 on Tuesday. Digital Realty Trust has a fifty-two week low of $113.94 and a fifty-two week high of $162.58. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $45.51 billion, a P/E ratio of 40.46, a PEG ratio of 10.99 and a beta of 0.59. The stock has a 50-day simple moving average of $149.57 and a 200-day simple moving average of $144.40.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Friday, June 14th. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Institutional Investors Weigh In On Digital Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of DLR. CoreCap Advisors LLC grew its holdings in shares of Digital Realty Trust by 8.3% in the 4th quarter. CoreCap Advisors LLC now owns 5,798 shares of the real estate investment trust’s stock worth $780,000 after acquiring an additional 446 shares during the period. Salem Investment Counselors Inc. lifted its stake in Digital Realty Trust by 317.3% in the 4th quarter. Salem Investment Counselors Inc. now owns 313 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 238 shares in the last quarter. Raymond James & Associates lifted its stake in Digital Realty Trust by 5.7% in the 4th quarter. Raymond James & Associates now owns 299,551 shares of the real estate investment trust’s stock valued at $40,314,000 after buying an additional 16,101 shares in the last quarter. CVA Family Office LLC purchased a new stake in Digital Realty Trust in the 4th quarter valued at approximately $36,000. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Digital Realty Trust by 6.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 113,198 shares of the real estate investment trust’s stock valued at $15,234,000 after buying an additional 7,054 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

About Digital Realty Trust

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.