Digital Realty Trust, Inc. (NYSE:DLR) Receives $171.68 Average PT from Analysts

Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty-one analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $171.68.

DLR has been the topic of several research analyst reports. Evercore ISI lifted their price target on Digital Realty Trust from $160.00 to $175.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Wells Fargo & Company upped their price target on Digital Realty Trust from $185.00 to $210.00 and gave the company an "overweight" rating in a report on Tuesday, December 10th. Raymond James lifted their target price on Digital Realty Trust from $170.00 to $190.00 and gave the stock a "strong-buy" rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their target price on Digital Realty Trust from $180.00 to $185.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Finally, Truist Financial lifted their price target on Digital Realty Trust from $168.00 to $202.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th.

Digital Realty Trust Stock Performance

NYSE DLR traded down $0.33 during trading hours on Thursday, hitting $177.00. The company had a trading volume of 1,285,881 shares, compared to its average volume of 1,871,554. Digital Realty Trust has a fifty-two week low of $130.00 and a fifty-two week high of $198.00. The firm has a market cap of $58.71 billion, a P/E ratio of 148.74, a price-to-earnings-growth ratio of 4.97 and a beta of 0.62. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The business has a fifty day simple moving average of $183.62 and a 200-day simple moving average of $164.49.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the company earned $1.62 earnings per share. The business's quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts predict that Digital Realty Trust will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.76%. Digital Realty Trust's payout ratio is 410.08%.

Insider Buying and Selling

In related news, CFO Matt Mercier sold 2,518 shares of the company's stock in a transaction on Thursday, December 12th. The shares were 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 is available through this link. 0.17% of the stock is currently owned by corporate insiders.

Institutional Trading of Digital Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. Clear Creek Financial Management LLC raised its stake in shares of Digital Realty Trust by 1.6% in the 3rd quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust's stock valued at $621,000 after acquiring an additional 59 shares in the last quarter. OneDigital Investment Advisors LLC raised its position in shares of Digital Realty Trust by 3.2% in the third quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust's stock valued at $305,000 after purchasing an additional 59 shares during the period. Trueblood Wealth Management LLC lifted its stake in shares of Digital Realty Trust by 3.1% in the third quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust's stock worth $334,000 after buying an additional 61 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings in shares of Digital Realty Trust by 14.3% during the 3rd quarter. GHP Investment Advisors Inc. now owns 527 shares of the real estate investment trust's stock worth $85,000 after buying an additional 66 shares during the period. Finally, TD Private Client Wealth LLC grew its stake in Digital Realty Trust by 6.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,087 shares of the real estate investment trust's stock valued at $176,000 after buying an additional 67 shares during the last quarter. Institutional investors and hedge funds 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.