Digital Realty Trust (NYSE:DLR) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Digital Realty Trust (NYSE:DLR) had its price target raised by Stifel Nicolaus from $195.00 to $205.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the real estate investment trust’s stock.

Several other brokerages have also recently weighed in on DLR. Wells Fargo & Company boosted their price objective on shares of Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. HSBC raised Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their price target for the company from $124.00 to $160.00 in a research note on Friday, October 4th. Jefferies Financial Group upped their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Truist Financial increased their target price on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $170.37.

Digital Realty Trust Trading Up 0.8 %

Shares of DLR stock opened at $187.49 on Thursday. Digital Realty Trust has a twelve month low of $130.00 and a twelve month high of $193.88. The stock’s fifty day simple moving average is $168.94 and its 200 day simple moving average is $156.03. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $62.19 billion, a P/E ratio of 157.55, a P/E/G ratio of 4.97 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.62 earnings per share. As a group, sell-side analysts predict that Digital Realty Trust will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.60%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s payout ratio is currently 410.08%.

Hedge Funds Weigh In On Digital Realty Trust

Large investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new position in shares of Digital Realty Trust in the 2nd quarter worth approximately $25,000. American Capital Advisory LLC bought a new position in Digital Realty Trust in the 2nd quarter valued at $27,000. Private Ocean LLC purchased a new stake in shares of Digital Realty Trust during the 2nd quarter valued at $27,000. Gradient Investments LLC raised its stake in shares of Digital Realty Trust by 75.2% during the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 76 shares during the period. Finally, Adirondack Trust Co. boosted its holdings in shares of Digital Realty Trust by 68.6% in the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 81 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Company Profile

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.