Digital Realty Trust (NYSE:DLR) Given Outperform Rating at Evercore ISI

Evercore ISI reissued their outperform rating on shares of Digital Realty Trust (NYSE:DLR) in a research report released on Wednesday morning, Benzinga reports. The firm currently has a $154.00 price objective on the real estate investment trust’s stock.

A number of other research firms also recently commented on DLR. KeyCorp began coverage on Digital Realty Trust in a report on Wednesday, December 6th. They issued a sector weight rating on the stock. StockNews.com lowered Digital Realty Trust from a hold rating to a sell rating in a research note on Friday, February 16th. Scotiabank lowered Digital Realty Trust from a sector outperform rating to a sector perform rating and set a $157.00 target price for the company. in a research note on Friday, February 16th. Citigroup increased their target price on Digital Realty Trust from $154.00 to $160.00 and gave the company a buy rating in a research note on Thursday, February 29th. Finally, Wells Fargo & Company increased their target price on Digital Realty Trust from $125.00 to $135.00 and gave the company an equal weight rating in a research note on Thursday, February 8th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $141.47.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $143.74 on Wednesday. The stock’s 50-day moving average is $142.49 and its 200-day moving average is $134.00. The company has a market cap of $44.89 billion, a price-to-earnings ratio of 48.40, a price-to-earnings-growth ratio of 3.13 and a beta of 0.54. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 1.14. Digital Realty Trust has a 12 month low of $86.33 and a 12 month high of $154.18.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 15th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Thursday, March 14th. Digital Realty Trust’s payout ratio is currently 164.31%.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of Digital Realty Trust stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total transaction of $494,700.00. Following the sale, the director now owns 8,413 shares of the company’s stock, valued at approximately $1,224,091.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.39% of the stock is owned by company insiders.

Hedge Funds Weigh In On Digital Realty Trust

Hedge funds have recently modified their holdings of the company. Schechter Investment Advisors LLC grew its holdings in shares of Digital Realty Trust by 18.5% in the 3rd quarter. Schechter Investment Advisors LLC now owns 3,269 shares of the real estate investment trust’s stock worth $396,000 after acquiring an additional 511 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Digital Realty Trust by 2.8% during the third quarter. American Century Companies Inc. now owns 720,618 shares of the real estate investment trust’s stock valued at $87,209,000 after buying an additional 19,931 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Digital Realty Trust by 2.1% during the third quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust’s stock valued at $5,735,240,000 after buying an additional 971,032 shares in the last quarter. Shelton Capital Management grew its holdings in shares of Digital Realty Trust by 753.5% during the third quarter. Shelton Capital Management now owns 17,897 shares of the real estate investment trust’s stock valued at $2,166,000 after buying an additional 15,800 shares in the last quarter. Finally, Credit Suisse AG grew its holdings in shares of Digital Realty Trust by 65.0% during the second quarter. Credit Suisse AG now owns 755,372 shares of the real estate investment trust’s stock valued at $86,014,000 after buying an additional 297,681 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.