Digital Realty Trust (NYSE:DLR) Upgraded at Argus

Argus upgraded shares of Digital Realty Trust (NYSE:DLR) from a hold rating to a buy rating in a report issued on Wednesday, MarketBeat reports. The brokerage currently has $212.00 price objective on the real estate investment trust’s stock.

DLR has been the topic of a number of other research reports. Weiss Ratings lowered shares of Digital Realty Trust from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, July 29th. Barclays increased their target price on Digital Realty Trust from $189.00 to $197.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $229.00 price target on shares of Digital Realty Trust in a research report on Monday, July 27th. BNP Paribas Exane upped their price target on Digital Realty Trust from $196.00 to $224.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. increased their price objective on Digital Realty Trust from $230.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and a consensus target price of $217.97.

Digital Realty Trust Price Performance

DLR stock opened at $193.75 on Wednesday. The stock has a market capitalization of $71.70 billion, a price-to-earnings ratio of 94.05, a PEG ratio of 5.49 and a beta of 1.03. Digital Realty Trust has a 12-month low of $146.23 and a 12-month high of $208.14. The firm’s 50-day moving average price is $184.88 and its two-hundred day moving average price is $183.14. The company has a current ratio of 1.06, a quick ratio of 1.59 and a debt-to-equity ratio of 0.68.

Digital Realty Trust (NYSE:DLR) last posted its earnings results 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 business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. Digital Realty Trust’s quarterly revenue was up 28.9% on a year-over-year basis. During the same period last year, the firm posted $1.87 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. As a group, equities analysts predict that Digital Realty Trust will post 8.35 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, June 15th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 236.89%.

Institutional Trading of Digital Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. grew its stake in shares of Digital Realty Trust by 347.2% in the third 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 last quarter. Bell Investment Advisors Inc boosted its stake in Digital Realty Trust by 56.9% in the 1st quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 62 shares in the last quarter. Harvest Fund Management Co. Ltd grew its position in Digital Realty Trust by 970.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 165 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Digital Realty Trust during the 3rd quarter valued at about $34,000. Finally, MCF Advisors LLC bought a new stake in Digital Realty Trust during the 4th quarter valued at about $35,000. 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.