Digital Realty Trust (NYSE:DLR) Price Target Cut to $235.00 by Analysts at HSBC

Digital Realty Trust (NYSE:DLR) had its price target decreased by HSBC from $240.00 to $235.00 in a research report released on Wednesday. HSBC currently has a buy rating on the real estate investment trust’s stock.

Other analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $229.00 price objective on shares of Digital Realty Trust in a report on Monday, July 27th. JPMorgan Chase & Co. upped their price target on Digital Realty Trust from $230.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Wells Fargo & Company raised Digital Realty Trust from an “overweight” rating to a “buy” rating in a research note on Wednesday, August 5th. Cantor Fitzgerald raised their price objective on Digital Realty Trust from $211.00 to $221.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Truist Financial cut their price objective on Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $219.69.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $181.14 on Wednesday. The business’s 50-day moving average price is $188.27 and its 200-day moving average price is $187.22. Digital Realty Trust has a 12 month low of $146.23 and a 12 month high of $208.14. The firm has a market capitalization of $67.20 billion, a price-to-earnings ratio of 87.93, a PEG ratio of 3.56 and a beta of 1.02. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.77). The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.66 billion. Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The business’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.87 EPS. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. Equities research analysts forecast that Digital Realty Trust will post 8.4 EPS for the current year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid 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 is Tuesday, September 15th. Digital Realty Trust’s payout ratio is currently 236.89%.

Insider Activity at Digital Realty Trust

In related news, Director Mark Patterson sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $193.96, for a total transaction of $38,792.00. Following the completion of the sale, the director owned 6,322 shares of the company’s stock, valued at $1,226,215.12. This trade represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Digital Realty Trust

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Digital Realty Trust during the 2nd quarter valued at $7,277,032,000. Cohen & Steers Inc. raised its holdings in shares of Digital Realty Trust by 18.0% during the fourth 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 bought a new position in shares of Digital Realty Trust during the 4th quarter worth about $3,402,995,000. Bank of America Corp DE boosted its position in shares of Digital Realty Trust by 6.0% during the 1st quarter. Bank of America Corp DE now owns 9,470,695 shares of the real estate investment trust’s stock worth $1,706,714,000 after purchasing an additional 534,158 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Digital Realty Trust by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 9,234,073 shares of the real estate investment trust’s stock valued at $1,423,373,000 after buying an additional 197,180 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers around the world. The company provides the physical infrastructure businesses need to house information technology equipment, cloud-computing resources and critical digital systems.

Its services include data center colocation, hyperscale facilities, interconnection and related infrastructure solutions. Through its PlatformDIGITAL offering, Digital Realty helps customers connect to cloud providers, network operators, internet service providers, enterprises and other digital ecosystems.