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

Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the twenty ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $154.00.

DLR has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on shares of Digital Realty Trust from $155.00 to $170.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 23rd. BMO Capital Markets raised shares of Digital Realty Trust from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $144.00 to $170.00 in a research note on Wednesday, June 26th. Stifel Nicolaus lifted their target price on shares of Digital Realty Trust from $165.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, July 12th. Truist Financial lifted their target price on shares of Digital Realty Trust from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Tuesday, August 13th. Finally, Argus downgraded shares of Digital Realty Trust from a "buy" rating to a "hold" rating in a research report on Thursday, August 1st.

Digital Realty Trust Trading Up 1.4 %

Shares of DLR traded up $2.11 during mid-day trading on Friday, reaching $151.61. The company's stock had a trading volume of 3,017,448 shares, compared to its average volume of 1,853,039. The stock has a market cap of $47.37 billion, a PE ratio of 42.11, a P/E/G ratio of 10.97 and a beta of 0.59. The company has a current ratio of 1.78, a quick ratio of 1.29 and a debt-to-equity ratio of 0.81. Digital Realty Trust has a 52 week low of $113.94 and a 52 week high of $162.58. The company's fifty day moving average price is $151.14 and its two-hundred day moving average price is $145.87.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $1.63 by ($1.43). The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The company's revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.68 earnings per share. On average, analysts predict that Digital Realty Trust will post 6.67 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Friday, September 13th. Digital Realty Trust's dividend payout ratio is presently 135.56%.

Insider Buying and Selling

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the company's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the transaction, the director now owns 9,055 shares in the company, valued at approximately $1,360,604.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.17% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Digital Realty Trust

A number of hedge funds have recently bought and sold shares of the company. Gilman Hill Asset Management LLC lifted its stake in Digital Realty Trust by 1.1% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust's stock valued at $940,000 after acquiring an additional 65 shares during the period. Gladstone Institutional Advisory LLC lifted its stake in Digital Realty Trust by 1.2% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 6,301 shares of the real estate investment trust's stock valued at $848,000 after acquiring an additional 72 shares during the period. Gradient Investments LLC lifted its stake in Digital Realty Trust by 75.2% during the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 76 shares during the period. Pathway Financial Advisers LLC lifted its stake in Digital Realty Trust by 0.6% during the 2nd quarter. Pathway Financial Advisers LLC now owns 12,014 shares of the real estate investment trust's stock valued at $1,820,000 after acquiring an additional 77 shares during the period. Finally, Garrison Asset Management LLC lifted its stake in Digital Realty Trust by 3.6% during the 2nd quarter. Garrison Asset Management LLC now owns 2,277 shares of the real estate investment trust's stock valued at $346,000 after acquiring an additional 80 shares during the period. Institutional investors 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.