Shares of Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twenty-five research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen 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 updated their coverage on the stock in the last year is $185.10.
A number of brokerages recently issued reports on DLR. Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday. JMP Securities reaffirmed a "market outperform" rating and set a $220.00 price target on shares of Digital Realty Trust in a research note on Monday, April 28th. Jefferies Financial Group reiterated a "buy" rating and set a $193.00 price target (up from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. Citigroup decreased their price objective on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. increased their price target on Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, February 14th.
Check Out Our Latest Stock Report on Digital Realty Trust
Digital Realty Trust Price Performance
Shares of DLR stock traded down $0.57 on Friday, reaching $171.69. The company's stock had a trading volume of 4,130,824 shares, compared to its average volume of 1,984,224. The company has a market capitalization of $57.82 billion, a price-to-earnings ratio of 105.98, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93. The stock's fifty day simple moving average is $156.34 and its 200-day simple moving average is $166.69. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. Digital Realty Trust has a 1 year low of $129.95 and a 1 year high of $198.00.
Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.04. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the firm posted $1.67 EPS. The business's quarterly revenue was up 5.7% on a year-over-year basis. Analysts forecast that Digital Realty Trust will post 7.07 earnings per share for the current fiscal year.
Digital Realty Trust Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.84%. Digital Realty Trust's dividend payout ratio is currently 456.07%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Greykasell Wealth Strategies Inc. bought a new stake in Digital Realty Trust during the first quarter valued at about $26,000. Sierra Ocean LLC purchased a new stake in shares of Digital Realty Trust during the fourth quarter valued at about $29,000. WPG Advisers LLC purchased a new stake in shares of Digital Realty Trust during the first quarter valued at about $30,000. 1 North Wealth Services LLC bought a new stake in shares of Digital Realty Trust in the 1st quarter valued at about $31,000. Finally, Fairway Wealth LLC purchased a new position in shares of Digital Realty Trust in the 4th quarter worth approximately $35,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.
About Digital Realty Trust
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Get Free ReportDigital 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.
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