Digital Realty Trust (NYSE:DLR) Earns Outperform Rating from Analysts at JMP Securities

JMP Securities assumed coverage on shares of Digital Realty Trust (NYSE:DLR) in a research note published on Monday morning, MarketBeat.com reports. The firm issued an outperform rating and a $220.00 target price on the real estate investment trust’s stock.

A number of other research analysts also recently weighed in on the company. Raymond James increased their price target on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. Stifel Nicolaus boosted their target price on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. TD Cowen lifted their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Scotiabank upped their target price on shares of Digital Realty Trust from $178.00 to $208.00 and gave the company a “sector perform” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company boosted their price target on shares of Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $180.95.

Digital Realty Trust Stock Down 0.0 %

Shares of NYSE:DLR opened at $162.12 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market cap of $53.78 billion, a price-to-earnings ratio of 136.23, a P/E/G ratio of 4.64 and a beta of 0.64. The company has a 50 day moving average of $182.49 and a 200-day moving average of $167.98. Digital Realty Trust has a one year low of $131.42 and a one year high of $198.00.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 3.01%. Digital Realty Trust’s payout ratio is presently 410.08%.

Insider Activity at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.

Institutional Trading of Digital Realty Trust

A number of large investors have recently added to or reduced their stakes in the company. Adirondack Trust Co. lifted its stake in 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 valued at $32,000 after purchasing an additional 81 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $35,000. Versant Capital Management Inc lifted its position in shares of Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 173 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Digital Realty Trust during the 3rd quarter worth approximately $38,000. Finally, First Financial Corp IN bought a new stake in Digital Realty Trust in the 4th quarter valued at $42,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Company Profile

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.