Digital Realty Trust’s (DLR) Outperform Rating Reiterated at Evercore ISI

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

DLR has been the topic of a number of other reports. Stifel Nicolaus lifted their price objective on shares of Digital Realty Trust from $155.00 to $160.00 and gave the stock a buy rating in a report on Friday, February 16th. Truist Financial lifted their target price on Digital Realty Trust from $145.00 to $158.00 and gave the stock a buy rating in a research note on Monday, March 18th. JPMorgan Chase & Co. lifted their target price on Digital Realty Trust from $125.00 to $140.00 and gave the stock a neutral rating in a research note on Tuesday, February 20th. Citigroup lifted their target price on Digital Realty Trust from $154.00 to $160.00 and gave the stock a buy rating in a research note on Thursday, February 29th. Finally, Raymond James lifted their target price on Digital Realty Trust from $140.00 to $170.00 and gave the stock a strong-buy rating in a research note on Friday, February 16th. 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. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $141.47.

Digital Realty Trust Price Performance

DLR opened at $144.04 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $44.98 billion, a price-to-earnings ratio of 48.50, a P/E/G ratio of 3.26 and a beta of 0.54. The firm’s fifty day moving average price is $142.84 and its two-hundred day moving average price is $134.14. Digital Realty Trust has a 1 year low of $86.33 and a 1 year high of $154.18.

Digital Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend was Thursday, March 14th. Digital Realty Trust’s payout ratio is presently 164.31%.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total transaction of $494,700.00. Following the completion of the transaction, the director now owns 8,413 shares of the company’s stock, valued at $1,224,091.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.39% of the company’s stock.

Institutional Inflows and Outflows

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

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.