Digital Realty Trust, Inc. (NYSE:DLR) Receives Average Rating of “Moderate Buy” from Brokerages

Digital Realty Trust, Inc. (NYSE:DLR) has received a consensus rating of “Moderate Buy” from the twenty-two brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, fourteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $179.95.

DLR has been the topic of several recent research reports. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Wells Fargo & Company dropped their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. JPMorgan Chase & Co. boosted their target price on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Truist Financial decreased their target price on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, March 10th.

Digital Realty Trust Price Performance

DLR opened at $150.76 on Tuesday. The firm has a market cap of $50.75 billion, a PE ratio of 93.06, a P/E/G ratio of 4.38 and a beta of 0.65. The stock has a 50-day moving average price of $162.82 and a 200-day moving average price of $169.91. Digital Realty Trust has a 1 year low of $135.54 and a 1 year high of $198.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Sell-side analysts predict that Digital Realty Trust will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s payout ratio is 301.23%.

Institutional Investors Weigh In On Digital Realty Trust

Large investors have recently bought and sold shares of the company. OneDigital Investment Advisors LLC boosted its holdings in shares of Digital Realty Trust by 3.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock worth $305,000 after purchasing an additional 59 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Digital Realty Trust by 4.1% during the third quarter. CIBC Asset Management Inc now owns 45,097 shares of the real estate investment trust’s stock worth $7,298,000 after buying an additional 1,778 shares during the last quarter. Empowered Funds LLC grew its holdings in Digital Realty Trust by 9.2% in the 3rd quarter. Empowered Funds LLC now owns 4,937 shares of the real estate investment trust’s stock valued at $799,000 after buying an additional 417 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in shares of Digital Realty Trust by 6.3% in the 3rd quarter. Mutual of America Capital Management LLC now owns 46,544 shares of the real estate investment trust’s stock valued at $7,532,000 after buying an additional 2,748 shares during the period. Finally, Claro Advisors LLC acquired a new stake in shares of Digital Realty Trust during the 3rd quarter worth approximately $223,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Company Profile

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.