Digital Realty Trust, Inc. (NYSE:DLR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Digital Realty Trust, Inc. (NYSE:DLR) have been assigned a consensus rating of “Moderate Buy” from the twenty-five brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $194.6190.

DLR has been the subject of a number of research analyst reports. Cowen reiterated a “hold” rating on shares of Digital Realty Trust in a report on Friday, October 24th. Jefferies Financial Group dropped their target price on shares of Digital Realty Trust from $206.00 to $184.00 and set a “buy” rating for the company in a report on Tuesday, December 16th. Truist Financial lifted their price target on shares of Digital Realty Trust from $199.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Citigroup upped their price target on Digital Realty Trust from $200.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, Moffett Nathanson raised their price objective on Digital Realty Trust from $166.00 to $172.00 and gave the company a “neutral” rating in a research note on Friday, December 12th.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $158.50 on Monday. The company has a market cap of $54.44 billion, a price-to-earnings ratio of 40.96, a price-to-earnings-growth ratio of 3.71 and a beta of 1.11. The stock has a 50 day simple moving average of $158.43 and a 200-day simple moving average of $166.98. Digital Realty Trust has a 12-month low of $129.95 and a 12-month high of $187.74. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.80.

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

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Monday, December 15th will be given a $1.22 dividend. The ex-dividend date is Monday, December 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.1%. Digital Realty Trust’s dividend payout ratio (DPR) is currently 126.10%.

Insider Activity at Digital Realty Trust

In related 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 value of $655,811.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.17% of the stock is owned by corporate insiders.

Institutional Trading of Digital Realty Trust

Several institutional investors and hedge funds have recently modified their holdings of DLR. Pinnacle Bancorp Inc. purchased a new position in shares of Digital Realty Trust during the 3rd quarter worth approximately $25,000. South Plains Financial Inc. grew its holdings in 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 valued at $27,000 after buying an additional 115 shares during the last quarter. Tobam purchased a new position in Digital Realty Trust during the second quarter worth $28,000. Salomon & Ludwin LLC acquired a new position in shares of Digital Realty Trust in the third quarter worth $28,000. Finally, Sunbelt Securities Inc. lifted its position in shares of Digital Realty Trust by 347.2% in the third quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

About Digital Realty Trust

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.