Digital Realty Trust, Inc. (NYSE:DLR) Receives $157.17 Consensus Price Target from Analysts

Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) has received a consensus rating of "Moderate Buy" from the twenty-one brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $157.17.

Several analysts recently commented on the stock. Hsbc Global Res upgraded shares of Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a research report on Friday, October 4th. TD Cowen reduced their price target on shares of Digital Realty Trust from $122.00 to $120.00 and set a "hold" rating for the company in a research report on Friday, July 26th. BMO Capital Markets upgraded shares of Digital Realty Trust from a "market perform" rating to an "outperform" rating and upped their price target for the company from $144.00 to $170.00 in a research report on Wednesday, June 26th. Barclays upped their price target on shares of Digital Realty Trust from $130.00 to $135.00 and gave the company an "underweight" rating in a research report on Thursday, October 10th. Finally, Truist Financial upped their price objective on shares of Digital Realty Trust from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Tuesday, August 13th.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the firm's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the transaction, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.17% of the company's stock.

Hedge Funds Weigh In On Digital Realty Trust

Several hedge funds have recently added to or reduced their stakes in DLR. Meeder Asset Management Inc. purchased a new position in Digital Realty Trust during the 2nd quarter valued at about $25,000. Gradient Investments LLC grew its holdings in shares of Digital Realty Trust by 75.2% during the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust's stock worth $27,000 after buying an additional 76 shares in the last quarter. American Capital Advisory LLC purchased a new stake in shares of Digital Realty Trust during the second quarter worth about $27,000. Private Ocean LLC purchased a new stake in shares of Digital Realty Trust during the second quarter worth about $27,000. Finally, Rise Advisors LLC grew its holdings in Digital Realty Trust by 1,125.0% in the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 180 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Trading Up 1.0 %

Shares of Digital Realty Trust stock opened at $165.35 on Friday. The company has a fifty day simple moving average of $155.83 and a 200-day simple moving average of $149.69. Digital Realty Trust has a 12-month low of $113.94 and a 12-month high of $165.65. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81. The stock has a market cap of $51.66 billion, a price-to-earnings ratio of 45.93, a PEG ratio of 5.08 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($1.43). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the company posted $1.68 EPS. The company's quarterly revenue was down .7% on a year-over-year basis. On average, equities analysts forecast that Digital Realty Trust will post 6.65 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Friday, September 13th. Digital Realty Trust's dividend payout ratio (DPR) is 135.56%.

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.