Digital Realty Trust (NYSE:DLR) Upgraded by UBS Group to "Buy" Rating

UBS Group upgraded shares of Digital Realty Trust (NYSE:DLR - Free Report) from a neutral rating to a buy rating in a report published on Tuesday, Marketbeat Ratings reports. They currently have $205.00 price objective on the real estate investment trust's stock, up from their prior price objective of $147.00.

DLR has been the topic of several other research reports. Truist Financial lifted their target price on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Barclays increased their target price on Digital Realty Trust from $135.00 to $142.00 and gave the company an "underweight" rating in a research note on Monday, November 18th. TD Cowen lifted their price target on Digital Realty Trust from $120.00 to $128.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. HSBC raised Digital Realty Trust from a "reduce" rating to a "hold" rating and increased their price objective for the company from $124.00 to $160.00 in a research report on Friday, October 4th. Finally, Wells Fargo & Company boosted their target price on shares of Digital Realty Trust from $185.00 to $210.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $174.74.

Digital Realty Trust Stock Up 0.1 %

NYSE DLR traded up $0.22 during trading on Tuesday, reaching $179.82. The company's stock had a trading volume of 2,288,473 shares, compared to its average volume of 1,792,543. The stock has a market capitalization of $59.65 billion, a PE ratio of 151.11, a PEG ratio of 4.97 and a beta of 0.64. The business has a 50-day moving average price of $183.56 and a 200-day moving average price of $165.16. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust has a 1-year low of $130.28 and a 1-year high of $198.00.

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

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Friday, December 13th. Digital Realty Trust's dividend payout ratio (DPR) is currently 410.08%.

Insider Buying and Selling at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.17% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DLR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Digital Realty Trust by 501.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust's stock worth $700,224,000 after purchasing an additional 3,607,802 shares during the last quarter. Pathway Financial Advisers LLC raised its stake in shares of Digital Realty Trust by 15,301.1% during the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust's stock worth $299,433,000 after buying an additional 1,838,278 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Digital Realty Trust by 543.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust's stock valued at $220,068,000 after buying an additional 1,773,591 shares during the period. Point72 Asset Management L.P. bought a new position in Digital Realty Trust in the third quarter valued at approximately $132,980,000. Finally, Wulff Hansen & CO. grew its holdings in Digital Realty Trust by 15,105.0% during the 2nd quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust's stock worth $121,006,000 after acquiring an additional 790,596 shares during the period. Institutional investors and hedge funds 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.