Barclays Boosts Digital Realty Trust (NYSE:DLR) Price Target to $130.00

Digital Realty Trust (NYSE:DLR) had its target price upped by Barclays from $123.00 to $130.00 in a report published on Wednesday morning, Benzinga reports. They currently have an underweight rating on the real estate investment trust’s stock.

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets raised shares of Digital Realty Trust from a market perform rating to an outperform rating and lifted their price target for the company from $144.00 to $170.00 in a research note on Wednesday, June 26th. Wells Fargo & Company boosted their target price on shares of Digital Realty Trust from $155.00 to $170.00 and gave the stock an overweight rating in a research report on Tuesday. Royal Bank of Canada boosted their target price on shares of Digital Realty Trust from $144.00 to $160.00 and gave the stock an outperform rating in a research report on Monday, June 3rd. HSBC boosted their target price on shares of Digital Realty Trust from $115.00 to $118.00 and gave the stock a reduce rating in a research report on Friday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Digital Realty Trust from $143.00 to $145.00 and gave the stock a hold rating in a research report on Thursday, May 30th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $152.20.

Digital Realty Trust Trading Down 1.2 %

DLR opened at $145.65 on Wednesday. Digital Realty Trust has a 1-year low of $113.94 and a 1-year high of $162.58. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.91. The company has a market cap of $45.51 billion, a P/E ratio of 40.46, a price-to-earnings-growth ratio of 10.99 and a beta of 0.59. The company has a fifty day moving average price of $149.57 and a two-hundred day moving average price of $144.40.

Digital Realty Trust Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DLR. Gradient Investments LLC boosted its stake in Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 76 shares during the last quarter. Rise Advisors LLC lifted its stake in shares of Digital Realty Trust by 1,125.0% during the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 180 shares in the last quarter. GoalVest Advisory LLC purchased a new stake in shares of Digital Realty Trust during the 1st quarter valued at approximately $29,000. Bfsg LLC purchased a new stake in shares of Digital Realty Trust during the 4th quarter valued at approximately $31,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Digital Realty Trust during the 4th quarter valued at approximately $32,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

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.