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

Key Points

• Digital Realty Trust, Inc. (NYSE:DLR) has received a consensus rating of "Moderate Buy" from analysts, with 16 buy ratings and a 12-month price target averaging $192.44.
• The company recently announced a $1.22 per share quarterly dividend, with an annualized yield of 2.8% and a payout ratio of 128.08%.
• Digital Realty Trust reported earnings of $1.87 per share for the last quarter, exceeding estimates and showing a 10% growth in revenue year-over-year, totaling $1.49 billion.

Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twenty-two ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $192.4444.

DLR has been the subject of a number of analyst reports. Raymond James Financial boosted their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a research report on Friday, July 25th. Guggenheim initiated coverage on Digital Realty Trust in a research report on Wednesday, July 9th. They set a "neutral" rating for the company. Citigroup reissued a "buy" rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Stifel Nicolaus boosted their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Barclays boosted their price objective on Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 20th.

Digital Realty Trust Stock Performance

NYSE DLR opened at $176.56 on Friday. The company has a market cap of $60.22 billion, a P/E ratio of 46.34, a P/E/G ratio of 5.00 and a beta of 0.96. 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 stock has a 50-day moving average of $170.00 and a two-hundred day moving average of $165.94. 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 released its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.13. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.Digital Realty Trust's revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, analysts anticipate that Digital Realty Trust will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $1.22 per share. The ex-dividend date was Monday, September 15th. This represents a $4.88 annualized dividend and a yield of 2.8%. Digital Realty Trust's payout ratio is presently 128.08%.

Insiders Place Their Bets

In related news, CEO Andrew Power sold 53,269 shares of the business's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Digital Realty Trust

Institutional investors have recently added to or reduced their stakes in the business. South Plains Financial Inc. lifted its stake in Digital Realty Trust by 280.5% during the second quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 115 shares during the last quarter. Tobam purchased a new stake in Digital Realty Trust during the second quarter worth approximately $28,000. Greykasell Wealth Strategies Inc. purchased a new stake in Digital Realty Trust during the first quarter worth approximately $26,000. AdvisorShares Investments LLC purchased a new stake in Digital Realty Trust during the second quarter worth approximately $32,000. Finally, NewSquare Capital LLC lifted its stake in Digital Realty Trust by 149.3% during the second quarter. NewSquare Capital LLC now owns 187 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.