Shares of Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) saw strong trading volume on Wednesday . 2,331,833 shares traded hands during trading, an increase of 19% from the previous session's volume of 1,962,503 shares.The stock last traded at $141.25 and had previously closed at $144.63.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on DLR. Truist Financial increased their target price on Digital Realty Trust from $145.00 to $158.00 and gave the stock a "buy" rating in a research report on Monday, March 18th. Royal Bank of Canada reiterated an "outperform" rating and set a $144.00 price objective on shares of Digital Realty Trust in a research report on Friday, February 16th. Raymond James raised their target price on shares of Digital Realty Trust from $140.00 to $170.00 and gave the company a "strong-buy" rating in a research note on Friday, February 16th. Morgan Stanley boosted their price target on shares of Digital Realty Trust from $100.00 to $108.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 2nd. Finally, Citigroup raised their price objective on Digital Realty Trust from $154.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, February 29th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Digital Realty Trust currently has a consensus rating of "Hold" and a consensus target price of $142.65.
Check Out Our Latest Research Report on DLR
Digital Realty Trust Trading Down 3.1 %
The stock has a market capitalization of $43.80 billion, a P/E ratio of 38.94, a P/E/G ratio of 3.34 and a beta of 0.55. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.91. The stock's 50 day moving average price is $142.51 and its 200-day moving average price is $137.93.
Digital Realty Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.48%. Digital Realty Trust's dividend payout ratio (DPR) is currently 135.56%.
Insiders Place Their Bets
In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the firm's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total value of $494,700.00. Following the completion of the transaction, the director now owns 8,413 shares of the company's stock, valued at $1,224,091.50. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.39% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of DLR. Cozad Asset Management Inc. raised its position in Digital Realty Trust by 2.5% during the 1st quarter. Cozad Asset Management Inc. now owns 21,424 shares of the real estate investment trust's stock worth $3,086,000 after buying an additional 516 shares during the last quarter. Motley Fool Asset Management LLC grew its stake in shares of Digital Realty Trust by 10.5% during the 1st quarter. Motley Fool Asset Management LLC now owns 9,216 shares of the real estate investment trust's stock worth $1,327,000 after purchasing an additional 876 shares during the period. ProShare Advisors LLC lifted its stake in shares of Digital Realty Trust by 2.1% in the 1st quarter. ProShare Advisors LLC now owns 52,521 shares of the real estate investment trust's stock valued at $7,565,000 after purchasing an additional 1,056 shares during the period. Russell Investments Group Ltd. grew its position in Digital Realty Trust by 4.5% during the first quarter. Russell Investments Group Ltd. now owns 2,213,433 shares of the real estate investment trust's stock valued at $318,777,000 after buying an additional 94,599 shares during the period. Finally, Legacy Capital Group California Inc. increased its holdings in Digital Realty Trust by 64.8% in the first quarter. Legacy Capital Group California Inc. now owns 8,554 shares of the real estate investment trust's stock valued at $1,232,000 after buying an additional 3,364 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.
Digital Realty Trust Company Profile
(
Get Free Report)
Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.
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