Shares of Digital Realty Trust, Inc. (NYSE:DLR) have been given a consensus rating of “Buy” by the seventeen brokerages that are covering the company. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $113.33.

A number of equities research analysts recently commented on DLR shares. Barclays PLC reissued an “overweight” rating and issued a $110.00 price target (down from $118.00) on shares of Digital Realty Trust in a research report on Monday, January 23rd. Jefferies Group LLC lowered their price target on Digital Realty Trust from $106.00 to $105.00 and set a “hold” rating for the company in a research report on Friday, February 17th. Stifel Nicolaus upped their price objective on Digital Realty Trust from $100.00 to $110.00 and gave the company a “hold” rating in a research note on Friday, February 17th. Royal Bank of Canada restated a “buy” rating and issued a $120.00 price objective on shares of Digital Realty Trust in a research note on Friday, March 24th. Finally, Macquarie restated a “neutral” rating and issued a $105.00 price objective on shares of Digital Realty Trust in a research note on Thursday, April 6th.

Digital Realty Trust (NYSE:DLR) traded up 0.49% during trading on Monday, hitting $115.40. 98,133 shares of the company traded hands. Digital Realty Trust has a 12-month low of $85.63 and a 12-month high of $116.08. The stock has a 50-day moving average price of $111.92 and a 200-day moving average price of $103.01. The firm has a market capitalization of $18.44 billion, a P/E ratio of 49.70 and a beta of 0.12.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.03. The business had revenue of $550.60 million during the quarter, compared to analyst estimates of $552.59 million. Digital Realty Trust had a return on equity of 9.81% and a net margin of 15.25%. Digital Realty Trust’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.42 EPS. Equities analysts expect that Digital Realty Trust will post $1.60 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.24%. Digital Realty Trust’s dividend payout ratio is currently 246.15%.

In other Digital Realty Trust news, SVP Joshua A. Mills sold 4,189 shares of the firm’s stock in a transaction dated Thursday, April 13th. The stock was sold at an average price of $110.00, for a total value of $460,790.00. Following the completion of the transaction, the senior vice president now owns 4,286 shares in the company, valued at approximately $471,460. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Joshua A. Mills sold 4,217 shares of the firm’s stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $107.00, for a total value of $451,219.00. Following the completion of the transaction, the senior vice president now owns 8,383 shares of the company’s stock, valued at approximately $896,981. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Nova Scotia increased its position in shares of Digital Realty Trust by 23.7% in the first quarter. Bank of Nova Scotia now owns 36,371 shares of the real estate investment trust’s stock valued at $3,869,000 after buying an additional 6,961 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Digital Realty Trust during the first quarter valued at approximately $9,947,000. Archford Capital Strategies LLC increased its position in shares of Digital Realty Trust by 6.7% in the first quarter. Archford Capital Strategies LLC now owns 5,862 shares of the real estate investment trust’s stock valued at $624,000 after buying an additional 367 shares in the last quarter. IHT Wealth Management LLC increased its position in shares of Digital Realty Trust by 5.7% in the first quarter. IHT Wealth Management LLC now owns 2,914 shares of the real estate investment trust’s stock valued at $311,000 after buying an additional 157 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of Digital Realty Trust by 16.3% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,770 shares of the real estate investment trust’s stock valued at $507,000 after buying an additional 670 shares in the last quarter.

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Digital Realty Trust Company Profile

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.

12 Month Chart for NYSE:DLR

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