Digital Realty Trust (NYSE:DLR) Price Target Raised to $206.00

Digital Realty Trust (NYSE:DLR) had its price objective raised by Jefferies Financial Group from $205.00 to $206.00 in a research report released on Thursday,MarketScreener reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

A number of other equities research analysts also recently issued reports on the company. TD Cowen increased their price objective on Digital Realty Trust from $163.00 to $179.00 and gave the stock a “hold” rating in a research report on Friday, October 24th. Daiwa Capital Markets began coverage on Digital Realty Trust in a report on Wednesday, October 22nd. They issued a “buy” rating and a $210.00 price target on the stock. Morgan Stanley started coverage on Digital Realty Trust in a research report on Thursday, October 16th. They set an “equal weight” rating and a $195.00 price target for the company. Moffett Nathanson upped their price objective on shares of Digital Realty Trust from $163.00 to $166.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Finally, Wolfe Research upgraded shares of Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 target price for the company in a research report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $198.76.

Digital Realty Trust Stock Up 2.3%

DLR stock opened at $164.79 on Thursday. The stock has a 50-day simple moving average of $167.63 and a two-hundred day simple moving average of $170.33. Digital Realty Trust has a twelve month low of $129.95 and a twelve month high of $194.22. The firm has a market capitalization of $56.60 billion, a PE ratio of 42.58, a PEG ratio of 4.25 and a beta of 1.11. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.15 EPS for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. The company had revenue of $1.58 billion during the quarter. On average, equities analysts predict that Digital Realty Trust will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 15th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.88 annualized dividend and a yield of 3.0%. Digital Realty Trust’s dividend payout ratio is currently 126.10%.

Insider Buying and Selling

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mary Hogan Preusse sold 4,166 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $157.42, for a total transaction of $655,811.72. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 62,166 shares of company stock worth $10,814,808 over the last quarter. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Digital Realty Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pinnacle Bancorp Inc. purchased a new position in Digital Realty Trust in the 3rd quarter worth approximately $25,000. Greykasell Wealth Strategies Inc. bought a new position in shares of Digital Realty Trust in the first quarter worth approximately $26,000. South Plains Financial Inc. increased its stake in shares of Digital Realty Trust by 280.5% in the second quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 115 shares during the period. Tobam bought a new stake in Digital Realty Trust during the 2nd quarter valued at $28,000. Finally, Salomon & Ludwin LLC purchased a new stake in Digital Realty Trust during the 3rd quarter valued at $28,000. Institutional investors own 99.71% of the company’s stock.

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.