Digital Realty Trust (NYSE:DLR - Free Report) had its target price increased by Wells Fargo & Company from $185.00 to $195.00 in a report issued on Friday,Benzinga reports. The firm currently has an overweight rating on the real estate investment trust's stock.
A number of other equities analysts also recently commented on DLR. Barclays upped their price objective on shares of Digital Realty Trust from $139.00 to $140.00 and gave the stock an "underweight" rating in a research report on Thursday. Scotiabank cut their price objective on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a research report on Tuesday, April 22nd. Truist Financial cut their price objective on shares of Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Wall Street Zen upgraded shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $193.00 price target (up previously from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $188.53.
View Our Latest Research Report on DLR
Digital Realty Trust Stock Performance
NYSE:DLR traded down $2.16 during trading hours on Friday, reaching $177.86. 2,602,172 shares of the company's stock were exchanged, compared to its average volume of 1,482,118. The firm has a market capitalization of $59.90 billion, a price-to-earnings ratio of 46.68, a P/E/G ratio of 2.68 and a beta of 0.95. The company has a 50-day moving average of $173.62 and a 200 day moving average of $163.91. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.81. 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 announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 23.98% and a return on equity of 6.59%. Digital Realty Trust's quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.65 EPS. Research analysts anticipate that Digital Realty Trust will post 7.07 EPS for the current year.
Digital Realty Trust Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.74%. Digital Realty Trust's dividend payout ratio (DPR) is presently 128.08%.
Insider Activity at Digital Realty Trust
In related news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the sale, the director directly owned 6,522 shares in the company, valued at approximately $1,151,133. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Digital Realty Trust
Institutional investors have recently bought and sold shares of the stock. Canada Pension Plan Investment Board lifted its position in Digital Realty Trust by 63.0% during the first quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust's stock valued at $1,023,769,000 after buying an additional 2,760,286 shares in the last quarter. Nuveen LLC acquired a new position in Digital Realty Trust during the first quarter valued at approximately $342,389,000. Northern Trust Corp lifted its position in Digital Realty Trust by 57.5% during the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock valued at $900,934,000 after buying an additional 1,854,748 shares in the last quarter. Deutsche Bank AG lifted its position in Digital Realty Trust by 66.6% during the fourth quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust's stock valued at $546,499,000 after buying an additional 1,232,043 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Digital Realty Trust by 13,842.2% during the first quarter. GAMMA Investing LLC now owns 1,131,131 shares of the real estate investment trust's stock valued at $162,080,000 after buying an additional 1,123,018 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.
About Digital Realty Trust
(
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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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