Digital Realty Trust, Inc. (NYSE:DLR) Receives $180.11 Average PT from Brokerages

Digital Realty Trust, Inc. (NYSE:DLR) has been assigned a consensus rating of “Moderate Buy” from the twenty-two brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $179.95.

A number of research analysts have recently commented on the stock. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Barclays lowered their price target on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating on the stock in a report on Thursday. Wells Fargo & Company dropped their price target on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price objective for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Finally, UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their target price for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th.

Digital Realty Trust Price Performance

Shares of DLR stock opened at $150.76 on Tuesday. Digital Realty Trust has a 12 month low of $135.54 and a 12 month high of $198.00. The firm has a market cap of $50.75 billion, a price-to-earnings ratio of 93.06, a PEG ratio of 4.38 and a beta of 0.65. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The stock has a 50-day moving average price of $162.82 and a 200 day moving average price of $169.91.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Research analysts expect that Digital Realty Trust will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.24%. Digital Realty Trust’s dividend payout ratio (DPR) is 301.23%.

Institutional Investors Weigh In On Digital Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in DLR. Sierra Ocean LLC purchased a new position in shares of Digital Realty Trust during the 4th quarter valued at about $29,000. FNY Investment Advisers LLC bought a new stake in Digital Realty Trust in the fourth quarter valued at $35,000. Fairway Wealth LLC purchased a new position in Digital Realty Trust during the 4th quarter valued at $35,000. Versant Capital Management Inc raised its holdings in Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in shares of Digital Realty Trust in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.