Digital Realty Trust, Inc. (NYSE:DLR) Given Consensus Rating of “Moderate Buy” by Brokerages

Digital Realty Trust, Inc. (NYSE:DLR) has earned an average recommendation of “Moderate Buy” from the twenty-two analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $179.95.

Several equities analysts recently weighed in on DLR shares. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. 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. JMP Securities reissued a “market outperform” rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Wells Fargo & Company dropped their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Finally, Barclays reduced their price target on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a report on Thursday, March 20th.

Institutional Trading of Digital Realty Trust

Hedge funds have recently modified their holdings of the company. OneDigital Investment Advisors LLC raised its holdings in shares of Digital Realty Trust by 3.2% in the third quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock valued at $305,000 after buying an additional 59 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Digital Realty Trust by 4.1% in the third quarter. CIBC Asset Management Inc now owns 45,097 shares of the real estate investment trust’s stock worth $7,298,000 after acquiring an additional 1,778 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Digital Realty Trust by 9.2% during the third quarter. Empowered Funds LLC now owns 4,937 shares of the real estate investment trust’s stock worth $799,000 after purchasing an additional 417 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in shares of Digital Realty Trust by 6.3% during the third quarter. Mutual of America Capital Management LLC now owns 46,544 shares of the real estate investment trust’s stock valued at $7,532,000 after purchasing an additional 2,748 shares during the last quarter. Finally, Claro Advisors LLC acquired a new stake in shares of Digital Realty Trust in the third quarter valued at approximately $223,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $155.46 on Tuesday. The company has a market cap of $52.33 billion, a P/E ratio of 95.96, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The company’s fifty day moving average is $162.49 and its two-hundred day moving average is $170.10. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. Digital Realty Trust has a 12-month low of $135.54 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Equities analysts expect that Digital Realty Trust will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.14%. Digital Realty Trust’s payout ratio is presently 301.23%.

About Digital Realty Trust

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.