Digital Realty Trust (NYSE:DLR) Price Target Raised to $172.00

Digital Realty Trust (NYSE:DLR) had its price objective increased by Moffett Nathanson from $166.00 to $172.00 in a research note released on Friday,MarketScreener reports. They currently have a neutral rating on the real estate investment trust’s stock.

DLR has been the subject of a number of other reports. Barclays increased their price objective on Digital Realty Trust from $141.00 to $161.00 and gave the company an “underweight” rating in a report on Monday, October 27th. Cowen reiterated a “hold” rating on shares of Digital Realty Trust in a research report on Friday, October 24th. Truist Financial raised their price objective on Digital Realty Trust from $199.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Jefferies Financial Group lifted their price objective on Digital Realty Trust from $205.00 to $206.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Finally, Wall Street Zen downgraded shares of Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $199.05.

Digital Realty Trust Stock Performance

DLR opened at $153.59 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.02 and a current ratio of 2.02. Digital Realty Trust has a 52-week low of $129.95 and a 52-week high of $187.80. The firm has a market cap of $52.76 billion, a P/E ratio of 39.69, a price-to-earnings-growth ratio of 3.97 and a beta of 1.11. The business’s fifty day moving average is $166.31 and its 200-day moving average is $170.03.

Digital Realty Trust (NYSE:DLR) last announced 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 business had revenue of $1.58 billion during the quarter. Sell-side analysts expect that Digital Realty Trust will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Monday, December 15th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.88 annualized dividend and a dividend yield of 3.2%. Digital Realty Trust’s dividend payout ratio (DPR) is 126.10%.

Insider Activity

In other news, Director Mary Hogan Preusse sold 4,166 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $157.42, for a total transaction of $655,811.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.17% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Pinnacle Bancorp Inc. bought a new stake in Digital Realty Trust during the third quarter worth $25,000. South Plains Financial Inc. raised its stake in shares of Digital Realty Trust by 280.5% during the 2nd quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 115 shares during the period. Tobam purchased a new position in shares of Digital Realty Trust in the 2nd quarter worth about $28,000. Salomon & Ludwin LLC bought a new position in Digital Realty Trust during the third quarter valued at about $28,000. Finally, Sunbelt Securities Inc. increased its holdings in Digital Realty Trust by 347.2% during the third quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 125 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

About Digital Realty Trust

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.