Digital Realty Trust (NYSE:DLR) Given New $208.00 Price Target at Scotiabank

Digital Realty Trust (NYSE:DLR) had its price objective lifted by Scotiabank from $178.00 to $208.00 in a report released on Thursday,Benzinga reports. They currently have a sector perform rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company raised their price objective on Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th. 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. Barclays boosted their price target on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research note on Monday, November 18th. Finally, TD Cowen raised their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.89.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $183.45 on Thursday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm’s 50-day moving average price is $183.25 and its 200-day moving average price is $167.42. The firm has a market capitalization of $60.85 billion, a P/E ratio of 154.16, a P/E/G ratio of 4.61 and a beta of 0.64. Digital Realty Trust has a 1-year low of $131.42 and a 1-year high of $198.00.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.62 EPS. Equities research analysts anticipate that Digital Realty Trust will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.

Insider Buying and Selling at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.17% of the stock is owned by company insiders.

Institutional Trading of Digital Realty Trust

Several institutional investors and hedge funds have recently made changes to their positions in DLR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Digital Realty Trust by 501.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock valued at $700,224,000 after purchasing an additional 3,607,802 shares during the last quarter. Pathway Financial Advisers LLC lifted its holdings in shares of Digital Realty Trust by 15,301.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock worth $299,433,000 after acquiring an additional 1,838,278 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Digital Realty Trust in the third quarter worth approximately $132,980,000. Electron Capital Partners LLC increased its position in Digital Realty Trust by 220.7% during the second quarter. Electron Capital Partners LLC now owns 1,041,594 shares of the real estate investment trust’s stock worth $158,374,000 after purchasing an additional 716,816 shares during the last quarter. Finally, Ghisallo Capital Management LLC purchased a new position in Digital Realty Trust during the second quarter worth approximately $76,025,000. 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.