Digital Realty Trust, Inc. (NYSE:DLR) Receives $190.68 Consensus PT from Analysts

Key Points

• Digital Realty Trust, Inc. has a consensus rating of "Moderate Buy" from analysts, with 15 buy ratings and one sell rating among the 23 analysts covering the stock.
• The company recently reported $1.87 EPS for the quarter, beating expectations of $1.74, along with a significant year-over-year revenue increase of 10%.
• Digital Realty Trust announced a quarterly dividend of $1.22 per share, representing a 2.9% yield, with a payout ratio of 128.08%.

Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twenty-three research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $190.6842.

Several equities research analysts have recently issued reports on the company. Citigroup reaffirmed a "buy" rating and set a $200.00 target price (up from $174.00) on shares of Digital Realty Trust in a research report on Monday, July 28th. Bank of America began coverage on shares of Digital Realty Trust in a research report on Monday, May 19th. They issued a "buy" rating and a $210.00 price objective on the stock. New Street Research upgraded shares of Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. Truist Financial set a $199.00 price target on shares of Digital Realty Trust and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Barclays upped their price objective on Digital Realty Trust from $139.00 to $140.00 and gave the company an "underweight" rating in a research note on Thursday, July 24th.

Insiders Place Their Bets

In other news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the transaction, the director owned 6,522 shares of the company's stock, valued at $1,151,133. The trade was a 2.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.17% of the stock is currently owned by company insiders.

Institutional Trading of Digital Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in DLR. Geneos Wealth Management Inc. lifted its stake in Digital Realty Trust by 29.9% in the second quarter. Geneos Wealth Management Inc. now owns 1,372 shares of the real estate investment trust's stock worth $239,000 after acquiring an additional 316 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Digital Realty Trust in the 2nd quarter valued at $138,000. Front Row Advisors LLC raised its position in Digital Realty Trust by 0.9% in the 2nd quarter. Front Row Advisors LLC now owns 13,230 shares of the real estate investment trust's stock valued at $2,306,000 after purchasing an additional 118 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in Digital Realty Trust by 10.5% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 808,263 shares of the real estate investment trust's stock worth $141,039,000 after purchasing an additional 76,596 shares during the last quarter. Finally, Nikulski Financial Inc. raised its holdings in shares of Digital Realty Trust by 1.1% in the second quarter. Nikulski Financial Inc. now owns 15,051 shares of the real estate investment trust's stock valued at $2,624,000 after buying an additional 170 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Digital Realty Trust Price Performance

DLR stock traded down $1.38 during trading on Friday, reaching $165.53. 865,811 shares of the company were exchanged, compared to its average volume of 2,091,382. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22. The company has a 50-day moving average of $173.67 and a two-hundred day moving average of $163.52. Digital Realty Trust has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a market capitalization of $56.45 billion, a price-to-earnings ratio of 43.47, a P/E/G ratio of 4.80 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, topping the consensus estimate of $1.74 by $0.13. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%. The business had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter last year, the firm posted $1.65 earnings per share. The firm's revenue was up 10.0% on a year-over-year basis. As a group, equities analysts predict that Digital Realty Trust will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $1.22 dividend. The ex-dividend date is Monday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.9%. Digital Realty Trust's payout ratio is currently 128.08%.

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.