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

Shares of Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twenty-three brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $183.05.

Several brokerages have issued reports on DLR. Barclays dropped their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research report on Thursday, March 20th. Jefferies Financial Group reiterated a "buy" rating and issued a $193.00 price objective (up previously from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. New Street Research raised Digital Realty Trust to a "hold" rating in a research report on Monday, April 28th. Truist Financial reduced their target price on shares of Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, March 10th. Finally, Citizens Jmp raised Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th.

Digital Realty Trust Stock Performance

Shares of NYSE:DLR traded down $0.11 during trading on Wednesday, hitting $166.59. 1,399,343 shares of the company were exchanged, compared to its average volume of 1,986,300. Digital Realty Trust has a 52-week low of $129.95 and a 52-week high of $198.00. The stock has a 50 day moving average of $150.78 and a 200 day moving average of $167.73. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The company has a market cap of $56.11 billion, a PE ratio of 102.83, a P/E/G ratio of 4.38 and a beta of 0.93.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.04. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The business had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter in the prior year, the firm posted $1.67 EPS. The firm's quarterly revenue was up 5.7% on a year-over-year basis. As a group, equities research analysts predict that Digital Realty Trust will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $1.22 dividend. The ex-dividend date was Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a yield of 2.93%. Digital Realty Trust's dividend payout ratio is currently 456.07%.

Institutional Trading of Digital Realty Trust

Several institutional investors and hedge funds have recently made changes to their positions in DLR. Headlands Technologies LLC purchased a new position in Digital Realty Trust during the 1st quarter valued at about $148,000. Charles Schwab Investment Management Inc. lifted its position in shares of Digital Realty Trust by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,734,601 shares of the real estate investment trust's stock valued at $535,131,000 after buying an additional 101,849 shares during the last quarter. ASR Vermogensbeheer N.V. bought a new position in shares of Digital Realty Trust during the 1st quarter worth approximately $8,339,000. Greykasell Wealth Strategies Inc. purchased a new stake in Digital Realty Trust during the first quarter valued at approximately $26,000. Finally, WealthShield Partners LLC boosted its stake in Digital Realty Trust by 5.7% in the first quarter. WealthShield Partners LLC now owns 16,394 shares of the real estate investment trust's stock valued at $2,349,000 after acquiring an additional 882 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

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.