Digital Realty Trust, Inc. (NYSE:DLR) Receives $171.68 Average PT from Brokerages

Digital Realty Trust, Inc. (NYSE:DLR) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $171.68.

Several brokerages have issued reports on DLR. Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Raymond James boosted their price objective on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Truist Financial increased their target price on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. TD Cowen boosted their price target on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, HSBC raised Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their price objective for the company from $124.00 to $160.00 in a research report on Friday, October 4th.

Insider Transactions at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. grew its holdings in shares of Digital Realty Trust by 6.4% in the third quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock worth $61,643,000 after purchasing an additional 23,028 shares during the last quarter. Cumberland Partners Ltd grew its stake in Digital Realty Trust by 207.3% in the 3rd quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock worth $7,540,000 after acquiring an additional 31,430 shares in the last quarter. TCW Group Inc. increased its position in shares of Digital Realty Trust by 161.0% during the third quarter. TCW Group Inc. now owns 50,696 shares of the real estate investment trust’s stock worth $8,204,000 after acquiring an additional 31,272 shares during the period. Choreo LLC raised its stake in shares of Digital Realty Trust by 86.8% during the second quarter. Choreo LLC now owns 8,782 shares of the real estate investment trust’s stock valued at $1,336,000 after acquiring an additional 4,081 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Digital Realty Trust by 11.2% in the second quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust’s stock valued at $222,886,000 after purchasing an additional 147,689 shares during the period. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

DLR opened at $179.38 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. Digital Realty Trust has a 1 year low of $130.28 and a 1 year high of $198.00. The stock’s 50 day simple moving average is $183.56 and its 200 day simple moving average is $165.16. The firm has a market cap of $59.50 billion, a price-to-earnings ratio of 150.74, a PEG ratio of 4.97 and a beta of 0.64.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the business posted $1.62 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, analysts predict that Digital Realty Trust will post 6.71 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.

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.