Digital Realty Trust, Inc. (NYSE:DLR) Receives $169.47 Consensus Price Target from Analysts

Digital Realty Trust, Inc. (NYSE:DLR) has been assigned a consensus rating of “Moderate Buy” from the twenty-two research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $169.84.

Several research firms recently commented on DLR. HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and lifted their price objective for the stock from $124.00 to $160.00 in a report on Friday, October 4th. JPMorgan Chase & Co. boosted their price objective on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Argus cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Truist Financial boosted their target price on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $195.00 price objective (up previously from $185.00) on shares of Digital Realty Trust in a report on Friday, October 25th.

Institutional Trading of Digital Realty Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Digital Realty Trust by 501.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock worth $700,224,000 after acquiring an additional 3,607,802 shares during the last quarter. Pathway Financial Advisers LLC increased its stake in Digital Realty Trust by 15,301.1% in the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock worth $299,433,000 after purchasing an additional 1,838,278 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Digital Realty Trust by 543.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust’s stock valued at $220,068,000 after buying an additional 1,773,591 shares in the last quarter. Vanguard Group Inc. grew its stake in Digital Realty Trust by 2.0% in the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock worth $6,986,458,000 after purchasing an additional 951,567 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Digital Realty Trust in the third quarter valued at about $132,980,000. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Stock Up 2.2 %

NYSE:DLR opened at $187.26 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market cap of $62.12 billion, a P/E ratio of 157.36, a P/E/G ratio of 4.77 and a beta of 0.59. Digital Realty Trust has a fifty-two week low of $130.00 and a fifty-two week high of $193.88. The firm has a 50-day simple moving average of $167.85 and a two-hundred day simple moving average of $155.59.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the business earned $1.62 EPS. Digital Realty Trust’s revenue was up 2.1% on a year-over-year basis. Analysts predict that Digital Realty Trust will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.61%. Digital Realty Trust’s payout ratio is 410.08%.

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.