Digital Realty Trust (NYSE:DLR) Upgraded by JPMorgan Chase & Co. to "Overweight"

JPMorgan Chase & Co. upgraded shares of Digital Realty Trust (NYSE:DLR - Free Report) from a neutral rating to an overweight rating in a research note issued to investors on Friday morning, Marketbeat.com reports. The firm currently has $175.00 price objective on the real estate investment trust's stock, up from their previous price objective of $150.00.

A number of other equities research analysts have also issued reports on DLR. Truist Financial upped their target price on shares of Digital Realty Trust from $145.00 to $158.00 and gave the company a buy rating in a research note on Monday, March 18th. TD Cowen upped their target price on shares of Digital Realty Trust from $116.00 to $122.00 and gave the company a hold rating in a research note on Friday, May 3rd. BMO Capital Markets upgraded shares of Digital Realty Trust from a market perform rating to an outperform rating and increased their price objective for the stock from $144.00 to $170.00 in a research note on Wednesday. Evercore ISI reiterated an outperform rating and set a $154.00 price objective on shares of Digital Realty Trust in a research note on Wednesday, March 27th. Finally, Barclays increased their price objective on shares of Digital Realty Trust from $119.00 to $123.00 and gave the stock an underweight rating in a research note on Thursday, May 30th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $148.00.

Digital Realty Trust Stock Up 2.2 %

Shares of Digital Realty Trust stock traded up $3.33 during trading on Friday, reaching $152.05. The company had a trading volume of 3,406,259 shares, compared to its average volume of 1,983,558. The company has a market cap of $47.50 billion, a price-to-earnings ratio of 42.24, a price-to-earnings-growth ratio of 19.23 and a beta of 0.57. The firm's fifty day moving average is $144.67 and its 200-day moving average is $141.63. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.29 and a current ratio of 1.29. Digital Realty Trust has a fifty-two week low of $108.68 and a fifty-two week high of $154.18.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Friday, June 14th. Digital Realty Trust's dividend payout ratio (DPR) is presently 135.56%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DLR. Rise Advisors LLC boosted its holdings in Digital Realty Trust by 1,125.0% during the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust's stock worth $28,000 after buying an additional 180 shares in the last quarter. GoalVest Advisory LLC bought a new stake in Digital Realty Trust during the first quarter worth approximately $29,000. Baldwin Brothers LLC MA boosted its holdings in Digital Realty Trust by 528.6% during the fourth quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust's stock worth $30,000 after buying an additional 185 shares in the last quarter. Bfsg LLC bought a new stake in Digital Realty Trust during the fourth quarter worth approximately $31,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in Digital Realty Trust during the fourth quarter worth approximately $32,000. 99.71% of the stock is currently owned by institutional investors.

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.