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

Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) has earned an average rating of "Moderate Buy" from the twenty-two brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $169.47.

Several analysts have recently weighed in on the stock. Truist Financial boosted their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a "buy" rating in a research report on Tuesday. Raymond James upped their price objective on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a "strong-buy" rating in a research note on Friday, October 25th. Royal Bank of Canada lifted their target price on Digital Realty Trust from $177.00 to $207.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. 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 research report on Friday, October 25th. Finally, Scotiabank raised their price target on Digital Realty Trust from $157.00 to $178.00 and gave the stock a "sector perform" rating in a research note on Friday, October 25th.

Digital Realty Trust Stock Down 0.7 %

NYSE:DLR traded down $1.22 during trading hours on Wednesday, hitting $179.57. The company's stock had a trading volume of 805,164 shares, compared to its average volume of 1,853,671. Digital Realty Trust has a 52-week low of $130.00 and a 52-week high of $193.88. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $59.57 billion, a P/E ratio of 151.36, a price-to-earnings-growth ratio of 4.80 and a beta of 0.59. The stock has a fifty day moving average of $164.79 and a 200-day moving average of $154.18.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $1.67 by ($1.58). The business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The company's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 EPS. On average, equities analysts forecast that Digital Realty Trust will post 6.71 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.72%. Digital Realty Trust's dividend payout ratio (DPR) is presently 410.08%.

Institutional Investors Weigh In On Digital Realty Trust

Several institutional investors have recently modified their holdings of the company. Bessemer Group Inc. increased its holdings in Digital Realty Trust by 102.1% during the 1st quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust's stock valued at $2,813,000 after acquiring an additional 9,865 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Digital Realty Trust by 295.5% during the 1st quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust's stock worth $4,561,000 after purchasing an additional 23,659 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of Digital Realty Trust by 652.4% during the 2nd quarter. QRG Capital Management Inc. now owns 29,292 shares of the real estate investment trust's stock worth $4,454,000 after purchasing an additional 25,399 shares during the last quarter. Choreo LLC lifted its stake in Digital Realty Trust by 86.8% in 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. grew its holdings in Digital Realty Trust by 11.2% during the 2nd quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust's stock valued at $222,886,000 after buying an additional 147,689 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

About Digital Realty Trust

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.