Digital Realty Trust, Inc. (NYSE:DLR) Given Consensus Rating of “Moderate Buy” by Brokerages

Digital Realty Trust, Inc. (NYSE:DLR) has been assigned a consensus rating of “Moderate Buy” from the twenty-five analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $198.00.

Several equities analysts have issued reports on the company. Morgan Stanley initiated coverage on Digital Realty Trust in a research report on Thursday, October 16th. They issued an “equal weight” rating and a $195.00 price objective for the company. Barclays raised their price objective on shares of Digital Realty Trust from $141.00 to $161.00 and gave the company an “underweight” rating in a research report on Monday, October 27th. Jefferies Financial Group dropped their price objective on shares of Digital Realty Trust from $206.00 to $184.00 and set a “buy” rating for the company in a research report on Tuesday. Wall Street Zen lowered shares of Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Finally, Loop Capital set a $205.00 price target on Digital Realty Trust in a research note on Monday, October 27th.

Digital Realty Trust Stock Down 1.3%

DLR opened at $148.38 on Thursday. Digital Realty Trust has a twelve month low of $129.95 and a twelve month high of $187.74. The firm has a market cap of $50.97 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 3.88 and a beta of 1.11. The firm’s 50-day simple moving average is $164.82 and its 200-day simple moving average is $169.59. 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 (NYSE:DLR) last released its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.15 EPS for the quarter. The firm had revenue of $1.58 billion for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. Equities research analysts anticipate that Digital Realty Trust will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 15th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, December 15th. Digital Realty Trust’s dividend payout ratio is 126.10%.

Insider Activity at Digital Realty Trust

In other news, Director Mary Hogan Preusse sold 4,166 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $157.42, for a total value of $655,811.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Digital Realty Trust

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Digital Realty Trust by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 53,405,531 shares of the real estate investment trust’s stock valued at $9,232,748,000 after purchasing an additional 512,974 shares during the period. Norges Bank bought a new position in Digital Realty Trust during the 2nd quarter valued at $3,808,270,000. State Street Corp boosted its stake in shares of Digital Realty Trust by 1.9% in the 2nd quarter. State Street Corp now owns 20,405,760 shares of the real estate investment trust’s stock worth $3,557,336,000 after buying an additional 376,699 shares during the last quarter. Bank of America Corp DE boosted its position in Digital Realty Trust by 6.6% in the third quarter. Bank of America Corp DE now owns 8,930,551 shares of the real estate investment trust’s stock worth $1,543,914,000 after purchasing an additional 553,907 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Digital Realty Trust by 2.3% during the second quarter. Geode Capital Management LLC now owns 8,850,818 shares of the real estate investment trust’s stock valued at $1,536,795,000 after buying an additional 196,579 shares during the period. 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.