Digital Realty Trust, Inc. (NYSE:DLR) Receives $198.00 Consensus PT from Analysts

Shares of Digital Realty Trust, Inc. (NYSE:DLR) have been assigned a consensus rating of “Moderate Buy” from the twenty-six ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $197.5455.

A number of equities research analysts recently commented on the company. Truist Financial lifted their price objective on Digital Realty Trust from $199.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Morgan Stanley assumed coverage on Digital Realty Trust in a research report on Thursday, October 16th. They set an “equal weight” rating and a $195.00 target price for the company. Cowen reiterated a “hold” rating on shares of Digital Realty Trust in a research report on Friday, October 24th. Moffett Nathanson boosted their price objective on shares of Digital Realty Trust from $166.00 to $172.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Finally, Loop Capital set a $205.00 target price on shares of Digital Realty Trust in a report on Monday, October 27th.

Insider Activity

In other Digital Realty Trust news, Director Mary Hogan Preusse sold 4,166 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $157.42, for a total value of $655,811.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by company insiders.

Institutional Trading of Digital Realty Trust

Several hedge funds have recently bought and sold shares of DLR. Summit Place Financial Advisors LLC raised its holdings in shares of Digital Realty Trust by 2.0% during the second quarter. Summit Place Financial Advisors LLC now owns 2,857 shares of the real estate investment trust’s stock worth $498,000 after acquiring an additional 57 shares during the period. Riverbend Wealth Management LLC raised its stake in shares of Digital Realty Trust by 3.0% in the 2nd quarter. Riverbend Wealth Management LLC now owns 2,043 shares of the real estate investment trust’s stock valued at $356,000 after purchasing an additional 60 shares during the period. Security National Bank of Sioux City Iowa IA lifted its holdings in shares of Digital Realty Trust by 0.4% in the third quarter. Security National Bank of Sioux City Iowa IA now owns 14,335 shares of the real estate investment trust’s stock valued at $2,478,000 after purchasing an additional 60 shares in the last quarter. EP Wealth Advisors LLC boosted its position in shares of Digital Realty Trust by 1.3% during the first quarter. EP Wealth Advisors LLC now owns 4,766 shares of the real estate investment trust’s stock worth $683,000 after buying an additional 63 shares during the period. Finally, Telos Capital Management Inc. grew its holdings in shares of Digital Realty Trust by 0.8% during the second quarter. Telos Capital Management Inc. now owns 8,089 shares of the real estate investment trust’s stock worth $1,410,000 after buying an additional 64 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $150.11 on Thursday. The company has a market cap of $51.56 billion, a PE ratio of 38.79, a PEG ratio of 3.87 and a beta of 1.11. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.80. Digital Realty Trust has a 1 year low of $129.95 and a 1 year high of $187.74. The company’s 50-day moving average is $163.90 and its two-hundred day moving average is $169.25.

Digital Realty Trust (NYSE:DLR) last posted its quarterly 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 during the quarter. Equities analysts anticipate that Digital Realty Trust will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

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

About Digital Realty Trust

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.