Digital Realty Trust, Inc. (NYSE:DLR) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) have earned an average rating of "Moderate Buy" from the twenty-four research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, sixteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $186.55.

Several analysts have issued reports on the company. New Street Research raised Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. JMP Securities reiterated a "market outperform" rating and set a $220.00 price target on shares of Digital Realty Trust in a report on Monday, April 28th. Truist Financial reduced their price target on Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating for the company in a report on Monday, May 12th. Jefferies Financial Group restated a "buy" rating and set a $193.00 price objective (up previously from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. Finally, Oppenheimer began coverage on Digital Realty Trust in a research note on Wednesday, May 14th. They issued an "outperform" rating and a $200.00 price target for the company.

Digital Realty Trust Trading Down 1.5%

DLR stock traded down $2.59 during midday trading on Thursday, hitting $169.66. 4,732,266 shares of the company's stock were exchanged, compared to its average volume of 2,012,992. The stock's fifty day moving average price is $168.02 and its 200-day moving average price is $165.14. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.92 and a current ratio of 1.92. The company has a market cap of $57.14 billion, a PE ratio of 158.56, a price-to-earnings-growth ratio of 2.70 and a beta of 0.95. Digital Realty Trust has a one year low of $129.95 and a one year high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the business posted $1.67 EPS. The company's revenue for the quarter was up 5.7% on a year-over-year basis. Research 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, June 13th. Digital Realty Trust's dividend payout ratio is presently 456.07%.

Insider Transactions at Digital Realty Trust

In other news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction of $30,887.50. Following the sale, the director now directly owns 6,522 shares in the company, valued at $1,151,133. The trade was a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.13% of the company's stock.

Institutional Investors Weigh In On Digital Realty Trust

A number of hedge funds have recently made changes to their positions in DLR. Greykasell Wealth Strategies Inc. bought a new stake in shares of Digital Realty Trust in the 1st quarter worth approximately $26,000. WPG Advisers LLC bought a new stake in shares of Digital Realty Trust in the 1st quarter worth approximately $30,000. 1 North Wealth Services LLC bought a new stake in shares of Digital Realty Trust in the 1st quarter worth approximately $31,000. Fairway Wealth LLC bought a new stake in shares of Digital Realty Trust in the 4th quarter worth approximately $35,000. Finally, Key Financial Inc raised its holdings in shares of Digital Realty Trust by 114.0% in the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 138 shares during the period. 99.71% of the stock is currently owned by institutional investors.

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.