JPMorgan Chase & Co. Boosts Digital Realty Trust (NYSE:DLR) Price Target to $180.00

Digital Realty Trust (NYSE:DLR) had its price objective raised by JPMorgan Chase & Co. from $175.00 to $180.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Several other analysts have also recently weighed in on DLR. Barclays lifted their price objective on shares of Digital Realty Trust from $123.00 to $130.00 and gave the stock an underweight rating in a research note on Wednesday, July 24th. Stifel Nicolaus boosted their price target on Digital Realty Trust from $165.00 to $175.00 and gave the company a buy rating in a research note on Friday, July 12th. BMO Capital Markets upgraded Digital Realty Trust from a market perform rating to an outperform rating and raised their price objective for the stock from $144.00 to $170.00 in a research note on Wednesday, June 26th. Wells Fargo & Company upped their target price on Digital Realty Trust from $155.00 to $170.00 and gave the company an overweight rating in a research report on Tuesday, July 23rd. Finally, Mizuho initiated coverage on Digital Realty Trust in a research report on Thursday, July 11th. They issued an outperform rating and a $170.00 price target on the stock. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Hold and an average target price of $154.28.

Digital Realty Trust Trading Down 1.4 %

Shares of DLR stock opened at $157.30 on Tuesday. Digital Realty Trust has a 12-month low of $113.94 and a 12-month high of $165.17. The company has a market capitalization of $49.14 billion, a PE ratio of 43.69, a price-to-earnings-growth ratio of 5.14 and a beta of 0.60. The firm has a 50 day moving average price of $153.15 and a two-hundred day moving average price of $148.23. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($1.43). The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the business posted $1.68 earnings per share. As a group, analysts predict that Digital Realty Trust will post 6.65 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $1.22 per share. The ex-dividend date was Friday, September 13th. This represents a $4.88 dividend on an annualized basis and a yield of 3.10%. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Insiders Place Their Bets

In other news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the sale, the director now directly owns 9,055 shares of the company’s stock, valued at $1,360,604.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Digital Realty Trust

Hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new position in Digital Realty Trust during the 2nd quarter worth about $25,000. Gradient Investments LLC lifted its stake in shares of Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 76 shares during the period. American Capital Advisory LLC bought a new stake in Digital Realty Trust in the second quarter valued at approximately $27,000. Private Ocean LLC acquired a new stake in Digital Realty Trust during the 2nd quarter valued at approximately $27,000. Finally, Rise Advisors LLC raised its holdings in Digital Realty Trust by 1,125.0% during the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

About Digital Realty Trust

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.