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

Key Points

• Digital Realty Trust, Inc. (NYSE:DLR) has received a consensus rating of "Moderate Buy" from 23 analysts, with 15 buy, 5 hold, and 1 sell recommendations.
• The company reported $1.87 earnings per share for the last quarter, exceeding analyst estimates, with a revenue of $1.49 billion, which is a 10% increase year-over-year.
• Digital Realty Trust announced a quarterly dividend of $1.22 per share, representing an annualized dividend yield of 3.0% and a dividend payout ratio of 128.08%.

Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty-three ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, fifteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $190.7368.

A number of research firms recently weighed in on DLR. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Barclays raised their price target on shares of Digital Realty Trust from $140.00 to $141.00 and gave the company an "underweight" rating in a report on Wednesday, August 20th. Wells Fargo & Company raised their price target on shares of Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Oppenheimer assumed coverage on shares of Digital Realty Trust in a report on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price objective for the company. Finally, Truist Financial set a $199.00 price objective on shares of Digital Realty Trust and gave the stock a "buy" rating in a report on Wednesday, July 30th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DLR. Greykasell Wealth Strategies Inc. acquired a new position in shares of Digital Realty Trust in the 1st quarter valued at about $26,000. South Plains Financial Inc. boosted its holdings in shares of Digital Realty Trust by 280.5% in the 2nd quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 115 shares during the period. Tobam acquired a new position in shares of Digital Realty Trust in the 2nd quarter valued at about $28,000. WPG Advisers LLC acquired a new position in shares of Digital Realty Trust in the 1st quarter valued at about $30,000. Finally, 1 North Wealth Services LLC acquired a new position in shares of Digital Realty Trust in the 1st quarter valued at about $31,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Price Performance

DLR opened at $161.23 on Tuesday. The company has a fifty day simple moving average of $170.53 and a 200 day simple moving average of $163.48. The firm has a market cap of $54.99 billion, a price-to-earnings ratio of 42.32, a PEG ratio of 4.69 and a beta of 0.96. Digital Realty Trust has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.13. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The business's revenue was up 10.0% on a year-over-year basis. During the same period last year, the business earned $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Equities research analysts expect that Digital Realty Trust will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. Digital Realty Trust's dividend payout ratio (DPR) 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.

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