Digital Realty Trust (NYSE:DLR) Price Target Raised to $200.00

Digital Realty Trust (NYSE:DLR) had its price target lifted by Truist Financial from $199.00 to $200.00 in a research note released on Wednesday,Benzinga reports. Truist Financial currently has a buy rating on the real estate investment trust’s stock.

DLR has been the topic of a number of other reports. Loop Capital set a $205.00 target price on Digital Realty Trust in a report on Monday, October 27th. Daiwa Capital Markets began coverage on shares of Digital Realty Trust in a research note on Wednesday, October 22nd. They set a “buy” rating and a $210.00 price objective for the company. Raymond James Financial lifted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a research report on Friday, July 25th. Wolfe Research upgraded shares of Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price target for the company in a research report on Monday, October 20th. Finally, Barclays raised their price objective on shares of Digital Realty Trust from $141.00 to $161.00 and gave the stock an “underweight” rating in a research note on Monday, October 27th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $198.14.

Digital Realty Trust Price Performance

DLR stock traded up $1.62 during trading hours on Wednesday, hitting $169.97. 1,211,719 shares of the stock traded hands, compared to its average volume of 1,960,702. The stock has a 50-day simple moving average of $171.44 and a 200 day simple moving average of $170.74. The company has a market cap of $58.39 billion, a P/E ratio of 43.92, a P/E/G ratio of 4.13 and a beta of 0.96. Digital Realty Trust has a one year low of $129.95 and a one year high of $198.00. The company has a current ratio of 2.02, a quick ratio of 2.22 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.11. The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.53 billion. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.67 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. Equities analysts forecast that Digital Realty Trust will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Monday, December 15th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.9%. Digital Realty Trust’s dividend payout ratio is 126.10%.

Insider Activity

In related news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction on Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Digital Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in DLR. Pinnacle Bancorp Inc. bought a new position in Digital Realty Trust during the third quarter valued at approximately $25,000. Greykasell Wealth Strategies Inc. acquired a new position in shares of Digital Realty Trust during the 1st quarter worth $26,000. South Plains Financial Inc. raised its holdings in shares of Digital Realty Trust by 280.5% during the 2nd quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 115 shares in the last quarter. Tobam acquired a new stake in shares of Digital Realty Trust in the 2nd quarter valued at $28,000. Finally, Salomon & Ludwin LLC bought a new stake in Digital Realty Trust in the third quarter worth $28,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Company Profile

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.