Digital Realty Trust (NYSE:DLR) Upgraded at Barclays

Barclays upgraded shares of Digital Realty Trust (NYSE:DLR) from an underweight rating to an equal weight rating in a research note released on Tuesday morning, Marketbeat Ratings reports. The firm currently has $164.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $161.00.

DLR has been the subject of several other reports. Mizuho reduced their price target on Digital Realty Trust from $191.00 to $180.00 and set an “outperform” rating for the company in a report on Monday. Truist Financial increased their price objective on Digital Realty Trust from $199.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of Digital Realty Trust in a research report on Monday, January 5th. They set a “buy” rating and a $180.00 target price on the stock. Cowen reaffirmed a “hold” rating on shares of Digital Realty Trust in a research note on Friday, October 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Digital Realty Trust from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.22.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $160.62 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.02. The firm has a market cap of $55.17 billion, a price-to-earnings ratio of 41.50, a price-to-earnings-growth ratio of 3.73 and a beta of 1.11. The firm’s fifty day moving average price is $157.69 and its 200 day moving average price is $166.72. Digital Realty Trust has a 1-year low of $129.95 and a 1-year high of $187.74.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Friday, October 31st. The real estate investment trust reported $0.15 EPS for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. The company had revenue of $1.58 billion during the quarter. On average, sell-side analysts expect that Digital Realty Trust will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors 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 yield of 3.0%. Digital Realty Trust’s dividend payout ratio is presently 126.10%.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mary Hogan Preusse sold 4,166 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $157.42, for a total transaction of $655,811.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Institutional Trading of Digital Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DLR. Pinnacle Bancorp Inc. acquired a new stake in shares of Digital Realty Trust during the 3rd quarter worth about $25,000. South Plains Financial Inc. lifted its stake in shares of Digital Realty Trust by 280.5% during the second quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 115 shares during the period. Tobam acquired a new stake in Digital Realty Trust during the second quarter worth approximately $28,000. Salomon & Ludwin LLC acquired a new stake in Digital Realty Trust during the third quarter worth approximately $28,000. Finally, Sunbelt Securities Inc. grew its stake in Digital Realty Trust by 347.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 125 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

About Digital Realty Trust

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.