Digital Realty Trust, Inc. (NYSE:DLR) Receives Consensus Recommendation 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-one analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $184.33.

DLR has been the topic of several research reports. Barclays cut their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research report on Thursday, March 20th. JPMorgan Chase & Co. boosted their target price on Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. UBS Group raised shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and raised their price target for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Wells Fargo & Company cut their price objective on shares of Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Finally, Scotiabank raised shares of Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 target price for the company in a research report on Tuesday, February 18th.

Digital Realty Trust Trading Up 1.0 %

Digital Realty Trust stock traded up $1.46 during mid-day trading on Friday, hitting $149.64. 256,054 shares of the company's stock were exchanged, compared to its average volume of 2,023,374. Digital Realty Trust has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $50.39 billion, a P/E ratio of 92.40, a PEG ratio of 4.38 and a beta of 0.92. The company's 50 day simple moving average is $151.91 and its 200-day simple moving average is $167.93.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. On average, equities analysts anticipate that Digital Realty Trust will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.26%. The ex-dividend date was Friday, March 14th. Digital Realty Trust's payout ratio is 301.23%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DLR. Exchange Traded Concepts LLC boosted its holdings in shares of Digital Realty Trust by 22.0% during the first quarter. Exchange Traded Concepts LLC now owns 5,921 shares of the real estate investment trust's stock worth $848,000 after acquiring an additional 1,067 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in Digital Realty Trust in the 1st quarter valued at $2,191,000. Foster Victor Wealth Advisors LLC grew its holdings in Digital Realty Trust by 7.9% in the 1st quarter. Foster Victor Wealth Advisors LLC now owns 41,858 shares of the real estate investment trust's stock valued at $6,073,000 after buying an additional 3,048 shares in the last quarter. Pacific Sun Financial Corp increased its position in Digital Realty Trust by 30.9% during the 1st quarter. Pacific Sun Financial Corp now owns 6,313 shares of the real estate investment trust's stock worth $905,000 after buying an additional 1,491 shares during the period. Finally, Dover Advisors LLC acquired a new stake in shares of Digital Realty Trust during the first quarter worth $249,000. 99.71% of the stock is owned by institutional investors.

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.