Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $153.75, but opened at $160.17. Digital Realty Trust shares last traded at $161.17, with a volume of 370,454 shares trading hands.
Analyst Ratings Changes
A number of research firms have recently issued reports on DLR. Citizens Jmp raised shares of Digital Realty Trust to a "strong-buy" rating in a report on Monday, January 27th. JPMorgan Chase & Co. increased their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. StockNews.com cut shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 22nd. Barclays dropped their price target on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research note on Thursday, March 20th. Finally, Truist Financial cut their price target on Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating for the company in a report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Digital Realty Trust currently has an average rating of "Moderate Buy" and a consensus price target of $183.05.
Check Out Our Latest Research Report on Digital Realty Trust
Digital Realty Trust Price Performance
The company has a market cap of $53.75 billion, a PE ratio of 98.52, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92. The stock has a 50 day moving average of $149.68 and a 200-day moving average of $167.66. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07.
Digital Realty Trust (NYSE:DLR - Get Free Report) last released its earnings results 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. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The firm's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.67 EPS. Equities analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current year.
Digital Realty Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.06%. Digital Realty Trust's payout ratio is currently 456.07%.
Institutional Investors Weigh In On Digital Realty Trust
A number of hedge funds and other institutional investors have recently modified their holdings of DLR. Greenleaf Trust increased its position in Digital Realty Trust by 3.9% during the 1st quarter. Greenleaf Trust now owns 4,630 shares of the real estate investment trust's stock valued at $663,000 after buying an additional 172 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in shares of Digital Realty Trust by 16.8% during the 1st quarter. Valeo Financial Advisors LLC now owns 4,077 shares of the real estate investment trust's stock valued at $584,000 after buying an additional 586 shares in the last quarter. Stratos Investment Management LLC boosted its stake in Digital Realty Trust by 56.0% in the 1st quarter. Stratos Investment Management LLC now owns 23,427 shares of the real estate investment trust's stock worth $3,357,000 after purchasing an additional 8,407 shares during the period. Brown Advisory Inc. lifted its position in shares of Digital Realty Trust by 25.2% in the first quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust's stock worth $1,171,000 after buying an additional 1,644 shares in the last quarter. Finally, Alpha Cubed Investments LLC grew its stake in shares of Digital Realty Trust by 102.6% in the 1st quarter. Alpha Cubed Investments LLC now owns 402,525 shares of the real estate investment trust's stock worth $57,678,000 after buying an additional 203,799 shares in the last quarter. Institutional investors own 99.71% of the company's stock.
Digital Realty Trust Company Profile
(
Get Free Report)
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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