Digital Realty Trust (NYSE:DLR) Price Target Lowered to $184.00 at Jefferies Financial Group

Digital Realty Trust (NYSE:DLR) had its target price decreased by Jefferies Financial Group from $206.00 to $184.00 in a research report sent to investors on Tuesday,MarketScreener reports. Jefferies Financial Group currently has a buy rating on the real estate investment trust’s stock.

A number of other analysts have also weighed in on DLR. Morgan Stanley began coverage on shares of Digital Realty Trust in a report on Thursday, October 16th. They issued an “equal weight” rating and a $195.00 price target for the company. Wolfe Research upgraded Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price objective for the company in a report on Monday, October 20th. Truist Financial boosted their target price on Digital Realty Trust from $199.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Citigroup lifted their price objective on shares of Digital Realty Trust from $200.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Barclays upped their target price on shares of Digital Realty Trust from $141.00 to $161.00 and gave the company an “underweight” rating in a research note on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $198.00.

Digital Realty Trust Price Performance

Shares of DLR stock traded down $0.98 during mid-day trading on Tuesday, reaching $149.30. The company’s stock had a trading volume of 326,502 shares, compared to its average volume of 1,961,013. The firm’s 50-day moving average is $165.33 and its two-hundred day moving average is $169.74. The company has a market cap of $51.29 billion, a P/E ratio of 38.58, a PEG ratio of 3.95 and a beta of 1.11. Digital Realty Trust has a 1-year low of $129.95 and a 1-year high of $187.74. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.02 and a current ratio of 2.02.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. The business had revenue of $1.58 billion for the quarter. On average, research analysts predict that Digital Realty Trust will post 7.07 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 15th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.88 dividend on an annualized basis and a yield of 3.3%. Digital Realty Trust’s dividend payout ratio is 126.10%.

Insider Activity at Digital Realty Trust

In related news, Director Mary Hogan Preusse sold 4,166 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $157.42, for a total transaction of $655,811.72. The sale 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 corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Digital Realty Trust during the second quarter worth about $3,808,270,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Digital Realty Trust by 686.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,807,512 shares of the real estate investment trust’s stock valued at $831,123,000 after purchasing an additional 4,195,862 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Digital Realty Trust by 63.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust’s stock worth $1,023,769,000 after buying an additional 2,760,286 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of Digital Realty Trust by 581.0% in the third quarter. Alyeska Investment Group L.P. now owns 961,121 shares of the real estate investment trust’s stock worth $166,159,000 after acquiring an additional 819,982 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Digital Realty Trust by 37.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,009,673 shares of the real estate investment trust’s stock valued at $431,256,000 after purchasing an additional 816,334 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

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.