Digital Realty Trust (NYSE:DLR) Trading 3.8% Higher

Shares of Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) were up 3.8% on Tuesday . The stock traded as high as $155.12 and last traded at $155.07. Approximately 301,045 shares traded hands during trading, a decline of 84% from the average daily volume of 1,832,753 shares. The stock had previously closed at $149.34.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Barclays boosted their price objective on Digital Realty Trust from $123.00 to $130.00 and gave the company an "underweight" rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. raised shares of Digital Realty Trust from a "neutral" rating to an "overweight" rating and increased their price target for the company from $150.00 to $175.00 in a research report on Friday, June 28th. Royal Bank of Canada boosted their price objective on shares of Digital Realty Trust from $144.00 to $160.00 and gave the company an "outperform" rating in a research report on Monday, June 3rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Digital Realty Trust from $143.00 to $145.00 and gave the stock a "hold" rating in a report on Thursday, May 30th. Finally, Argus downgraded Digital Realty Trust from a "buy" rating to a "hold" rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $154.00.

Digital Realty Trust Stock Performance

The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78. The stock has a market capitalization of $48.98 billion, a P/E ratio of 41.48, a PEG ratio of 4.73 and a beta of 0.60. The business has a 50-day moving average price of $151.30 and a 200 day moving average price of $146.45.

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

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $4.88 annualized dividend and a dividend yield of 3.11%. Digital Realty Trust's dividend payout ratio is presently 135.56%.

Insider Activity

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the company's stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the transaction, the director now directly owns 9,055 shares of the company's stock, valued at approximately $1,360,604.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.17% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its stake in Digital Realty Trust by 1.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 587,561 shares of the real estate investment trust's stock valued at $79,074,000 after buying an additional 9,158 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Digital Realty Trust by 102.1% in the first 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 during the period. Clearbridge Investments LLC boosted its position in Digital Realty Trust by 17.7% in the fourth quarter. Clearbridge Investments LLC now owns 235,669 shares of the real estate investment trust's stock worth $31,716,000 after purchasing an additional 35,456 shares during the last quarter. Treasurer of the State of North Carolina increased its position in shares of Digital Realty Trust by 2.1% during the 4th quarter. Treasurer of the State of North Carolina now owns 137,892 shares of the real estate investment trust's stock valued at $18,558,000 after purchasing an additional 2,840 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in Digital Realty Trust by 295.5% during the first quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust's stock valued at $4,561,000 after buying an additional 23,659 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

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.

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