Digital Realty Trust (NYSE:DLR - Free Report) had its target price decreased by Barclays from $142.00 to $139.00 in a report issued on Thursday morning,Benzinga reports. Barclays currently has an underweight rating on the real estate investment trust's stock.
A number of other equities analysts have also weighed in on DLR. JPMorgan Chase & Co. upped their target price on Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. StockNews.com cut shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, February 22nd. UBS Group upgraded shares of 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. Scotiabank raised shares of Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 price target on the stock in a report on Tuesday, February 18th. Finally, Citizens Jmp upgraded shares of Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $179.95.
Read Our Latest Stock Report on DLR
Digital Realty Trust Price Performance
NYSE DLR traded up $5.08 during trading hours on Thursday, hitting $155.46. The company had a trading volume of 2,023,040 shares, compared to its average volume of 1,868,197. The firm has a 50 day simple moving average of $162.49 and a 200 day simple moving average of $170.10. Digital Realty Trust has a 52 week low of $135.54 and a 52 week high of $198.00. The firm has a market capitalization of $52.33 billion, a price-to-earnings ratio of 95.96, a PEG ratio of 4.38 and a beta of 0.65. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07.
Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Equities research analysts expect that Digital Realty Trust will post 7.07 earnings per share for the current year.
Digital Realty Trust Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Friday, March 14th. Digital Realty Trust's payout ratio is 301.23%.
Institutional Investors Weigh In On Digital Realty Trust
Institutional investors have recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in shares of Digital Realty Trust during the fourth quarter valued at about $29,000. FNY Investment Advisers LLC bought a new position in Digital Realty Trust during the 4th quarter valued at approximately $35,000. Fairway Wealth LLC purchased a new stake in Digital Realty Trust in the 4th quarter worth approximately $35,000. Versant Capital Management Inc grew its position in shares of Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock worth $37,000 after buying an additional 173 shares during the last quarter. Finally, Centricity Wealth Management LLC purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 99.71% of the company's stock.
Digital Realty Trust Company Profile
(
Get Free Report)
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.
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