Digital Realty Trust (NYSE:DLR) Sets New 1-Year High – Time to Buy?

Digital Realty Trust, Inc. (NYSE:DLR)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $193.97 and last traded at $193.61, with a volume of 1074304 shares. The stock had previously closed at $192.82.

Wall Street Analysts Forecast Growth

DLR has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price objective on shares of Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Raymond James lifted their target price on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. Jefferies Financial Group raised their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 25th. TD Cowen increased their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $170.37.

Digital Realty Trust Price Performance

The firm has a market cap of $64.36 billion, a PE ratio of 162.13, a P/E/G ratio of 5.04 and a beta of 0.59. 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 business’s fifty day moving average is $170.20 and its 200-day moving average is $156.89.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.58). The business had revenue of $1.43 billion during 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 firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the business posted $1.62 earnings per share. On average, research analysts predict that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 410.08%.

Institutional Trading of Digital Realty Trust

Several hedge funds have recently added to or reduced their stakes in the business. Clear Creek Financial Management LLC increased its stake in shares of Digital Realty Trust by 1.6% during the third quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust’s stock valued at $621,000 after buying an additional 59 shares during the period. OneDigital Investment Advisors LLC lifted its holdings in 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 worth $305,000 after buying an additional 59 shares during the period. Trueblood Wealth Management LLC grew its stake in Digital Realty Trust by 3.1% in the third quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock worth $334,000 after purchasing an additional 61 shares during the period. Gilman Hill Asset Management LLC grew its holdings in Digital Realty Trust by 1.1% in the second quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust’s stock worth $940,000 after purchasing an additional 65 shares during the period. Finally, GHP Investment Advisors Inc. raised its stake in Digital Realty Trust by 14.3% during the 3rd quarter. GHP Investment Advisors Inc. now owns 527 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 66 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

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.