Digital Realty Trust, Inc. (NYSE:DLR) Receives Average Rating of "Moderate Buy" from Analysts

Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twenty-three ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $180.95.

DLR has been the topic of several recent research reports. Citizens Jmp raised Digital Realty Trust to a "strong-buy" rating in a research note on Monday. UBS Group raised Digital Realty Trust from a "neutral" rating to a "buy" rating and lifted their target price for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. Hsbc Global Res raised Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their target price for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Finally, Barclays lifted their target price on Digital Realty Trust from $135.00 to $142.00 and gave the company an "underweight" rating in a research report on Monday, November 18th.

Insider Transactions at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.17% of the company's stock.

Institutional Investors Weigh In On Digital Realty Trust

Institutional investors have recently made changes to their positions in the stock. Adirondack Trust Co. lifted its stake in Digital Realty Trust by 68.6% during the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 81 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Digital Realty Trust during the fourth quarter worth $35,000. Versant Capital Management Inc lifted its stake in Digital Realty Trust by 480.6% during the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 173 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in Digital Realty Trust during the third quarter worth $38,000. Finally, First Financial Corp IN bought a new stake in Digital Realty Trust during the fourth quarter worth $42,000. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Up 1.6 %

Shares of DLR traded up $2.55 during midday trading on Monday, hitting $164.28. The stock had a trading volume of 1,964,155 shares, compared to its average volume of 2,436,492. The company has a 50 day simple moving average of $182.02 and a two-hundred day simple moving average of $167.93. Digital Realty Trust has a twelve month low of $131.42 and a twelve month high of $198.00. The firm has a market cap of $54.49 billion, a price-to-earnings ratio of 138.05, a price-to-earnings-growth ratio of 4.64 and a beta of 0.64. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 13th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Friday, December 13th. Digital Realty Trust's dividend payout ratio is presently 410.08%.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.