Digital Realty Trust, Inc. (NYSE:DLR) Receives $171.68 Average Price Target from Brokerages

Digital Realty Trust, Inc. (NYSE:DLR) has been given an average rating of “Moderate Buy” by the twenty-one research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $174.74.

A number of equities analysts recently weighed in on the company. TD Cowen raised their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a report on Friday, October 25th. Truist Financial boosted their price target on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Wells Fargo & Company upped their price objective on shares of Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Evercore ISI raised their target price on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Hsbc Global Res upgraded shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th.

Digital Realty Trust Price Performance

DLR stock opened at $180.74 on Thursday. The firm has a 50 day moving average of $183.47 and a 200-day moving average of $165.49. The firm has a market capitalization of $59.95 billion, a P/E ratio of 151.88, a price-to-earnings-growth ratio of 4.97 and a beta of 0.64. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust has a 12 month low of $131.42 and a 12 month high of $198.00.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the company posted $1.62 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, sell-side analysts predict that Digital Realty Trust will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be given a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.70%. Digital Realty Trust’s payout ratio is 410.08%.

Insider Activity at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its stake in Digital Realty Trust by 6.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock worth $61,643,000 after purchasing an additional 23,028 shares in the last quarter. Cumberland Partners Ltd grew its stake in shares of Digital Realty Trust by 207.3% during the third quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock valued at $7,540,000 after buying an additional 31,430 shares during the last quarter. TCW Group Inc. increased its stake in Digital Realty Trust by 161.0% in the third quarter. TCW Group Inc. now owns 50,696 shares of the real estate investment trust’s stock worth $8,204,000 after purchasing an additional 31,272 shares during the period. Choreo LLC lifted its holdings in Digital Realty Trust by 86.8% during the 2nd quarter. Choreo LLC now owns 8,782 shares of the real estate investment trust’s stock valued at $1,336,000 after buying an additional 4,081 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Digital Realty Trust by 11.2% in the second quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust’s stock valued at $222,886,000 after purchasing an additional 147,689 shares during the period. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Company Profile

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.