Digital Realty Trust (NYSE:DLR) Upgraded to Strong-Buy at Citizens Jmp

Citizens Jmp upgraded shares of Digital Realty Trust (NYSE:DLR) to a strong-buy rating in a research note released on Monday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on DLR. Evercore ISI increased their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada raised their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. TD Cowen boosted their target price on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Hsbc Global Res upgraded shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Finally, JMP Securities initiated coverage on shares of Digital Realty Trust in a report on Monday. They issued an “outperform” rating and a $220.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $180.95.

Digital Realty Trust Price Performance

Shares of DLR opened at $164.46 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market capitalization of $54.55 billion, a price-to-earnings ratio of 138.20, a P/E/G ratio of 4.64 and a beta of 0.64. The business’s 50-day moving average is $183.37 and its 200-day moving average is $167.90. Digital Realty Trust has a fifty-two week low of $131.42 and a fifty-two week high of $198.00.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 13th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.17% of the stock is currently owned by insiders.

Institutional Trading of Digital Realty Trust

Several hedge funds have recently modified their holdings of DLR. Adirondack Trust Co. increased its stake in shares of Digital Realty Trust by 68.6% in the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 81 shares during the period. FNY Investment Advisers LLC acquired a new stake in Digital Realty Trust in the fourth quarter worth about $35,000. Versant Capital Management Inc raised its holdings in Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 173 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in Digital Realty Trust during the 3rd quarter valued at about $38,000. Finally, First Financial Corp IN bought a new position in shares of Digital Realty Trust in the 4th quarter valued at about $42,000. 99.71% of the stock is owned by institutional investors.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.