Digital Realty Trust (NYSE:DLR) Sets New 1-Year High at $155.15

Digital Realty Trust, Inc. (NYSE:DLR) reached a new 52-week high on Wednesday . The stock traded as high as $155.15 and last traded at $154.23, with a volume of 49437 shares. The stock had previously closed at $153.30.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. HSBC raised their price objective on shares of Digital Realty Trust from $115.00 to $118.00 and gave the stock a “reduce” rating in a report on Friday, May 3rd. TD Cowen increased their price target 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. Royal Bank of Canada increased their price target on shares of Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Digital Realty Trust from $143.00 to $145.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Finally, UBS Group increased their price target on shares of Digital Realty Trust from $143.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $149.42.

Digital Realty Trust Trading Up 0.4 %

The company’s fifty day simple moving average is $146.39 and its two-hundred day simple moving average is $142.65. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $48.10 billion, a price-to-earnings ratio of 42.58, a price-to-earnings-growth ratio of 20.20 and a beta of 0.59.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $4.88 annualized dividend and a yield of 3.17%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Institutional Investors Weigh In On Digital Realty Trust

Hedge funds have recently bought and sold shares of the company. Public Sector Pension Investment Board raised its holdings in shares of Digital Realty Trust by 8.1% during the third quarter. Public Sector Pension Investment Board now owns 60,560 shares of the real estate investment trust’s stock worth $7,329,000 after acquiring an additional 4,528 shares during the period. EP Wealth Advisors LLC raised its holdings in shares of Digital Realty Trust by 31.0% during the third quarter. EP Wealth Advisors LLC now owns 4,364 shares of the real estate investment trust’s stock worth $528,000 after acquiring an additional 1,032 shares during the period. American Century Companies Inc. raised 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 worth $87,209,000 after acquiring an additional 19,931 shares during the period. Wellington Management Group LLP raised its holdings in shares of Digital Realty Trust by 1,825.0% during the third quarter. Wellington Management Group LLP now owns 401,775 shares of the real estate investment trust’s stock worth $48,623,000 after acquiring an additional 380,904 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its holdings in shares of Digital Realty Trust by 11.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 3,660 shares of the real estate investment trust’s stock worth $443,000 after acquiring an additional 371 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.