Digital Realty Trust, Inc. (NYSE:DLR) Stock Has Average Price Target of $221.53 According to Brokerages

Key Points

• Analyst sentiment is broadly positive: 34 brokerages give Digital Realty Trust a consensus “Moderate Buy” rating, with an average 12-month price target of $221.53 versus the reported share price of $174.03.
• Latest results were mixed: Quarterly EPS of $0.48 missed the $0.52 consensus, while revenue of $1.90 billion topped estimates and grew 20.6% year over year.
• The company’s quarterly dividend is $1.22 per share, or $4.88 annualized, representing a 2.8% yield; its reported dividend payout ratio is 204.18%.

Shares of Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the thirty-four brokerages that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $221.53.

Several brokerages have weighed in on DLR. Weiss Ratings cut Digital Realty Trust from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, November 2nd. BTIG Research increased their target price on Digital Realty Trust from $215.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, September 10th. TD Cowen upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and raised their price target for the stock from $192.00 to $222.00 in a research report on Friday, July 24th. Evercore restated an "outperform" rating and issued a $240.00 price target on shares of Digital Realty Trust in a research report on Tuesday, August 18th. Finally, Canadian Imperial Bank of Commerce began coverage on Digital Realty Trust in a research note on Tuesday, October 20th. They issued an "outperform" rating and a $213.00 price target for the company.

Insider Activity at Digital Realty Trust

In other news, Director Mark Patterson sold 200 shares of the business's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total value of $38,792.00. Following the completion of the transaction, the director directly owned 6,322 shares in the company, valued at approximately $1,226,215.12. The trade was a 3.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.15% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DLR. BlackRock Inc. bought a new position in shares of Digital Realty Trust in the 2nd quarter valued at $7,277,032,000. Bank of America Corp DE raised its holdings in shares of Digital Realty Trust by 6.0% during the 1st quarter. Bank of America Corp DE now owns 9,470,695 shares of the real estate investment trust's stock worth $1,706,714,000 after buying an additional 534,158 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Digital Realty Trust during the 2nd quarter worth $1,178,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Digital Realty Trust by 17,256.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,890,993 shares of the real estate investment trust's stock worth $878,325,000 after buying an additional 4,862,814 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Digital Realty Trust by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,850,416 shares of the real estate investment trust's stock valued at $874,046,000 after buying an additional 35,850 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Stock Performance

NYSE DLR opened at $174.03 on Friday. The firm has a 50-day moving average price of $180.10 and a two-hundred day moving average price of $183.34. Digital Realty Trust has a 12-month low of $146.23 and a 12-month high of $208.14. The company has a market capitalization of $65.84 billion, a P/E ratio of 72.81, a P/E/G ratio of 3.40 and a beta of 0.97. The company has a quick ratio of 1.06, a current ratio of 0.72 and a debt-to-equity ratio of 0.70.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results on Thursday, October 29th. The real estate investment trust reported $0.48 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.04). The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.75 billion. Digital Realty Trust had a return on equity of 3.68% and a net margin of 13.06%. The firm's revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.89 earnings per share. Analysts anticipate that Digital Realty Trust will post 8.42 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, September 15th. Digital Realty Trust's dividend payout ratio (DPR) is currently 204.18%.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers. Its facilities support customers' IT infrastructure, including the equipment and systems used to store, process and exchange digital information.

The company provides data center space and related services, including colocation, interconnection and access to cloud and network providers. Its PlatformDIGITAL offering connects businesses with customers, partners and service providers across its data center portfolio.

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