Digital Realty Trust (NYSE:DLR) Price Target Increased to $122.00 by Analysts at TD Cowen

Digital Realty Trust (NYSE:DLR) had its price target lifted by TD Cowen from $116.00 to $122.00 in a research note released on Friday morning, Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

A number of other analysts have also recently weighed in on the stock. StockNews.com cut shares of Digital Realty Trust from a hold rating to a sell rating in a research note on Friday, February 16th. Truist Financial upped their price target on shares of Digital Realty Trust from $145.00 to $158.00 and gave the company a buy rating in a report on Monday, March 18th. JPMorgan Chase & Co. boosted their price objective on Digital Realty Trust from $125.00 to $140.00 and gave the stock a neutral rating in a research report on Tuesday, February 20th. Barclays raised their target price on Digital Realty Trust from $110.00 to $119.00 and gave the company an underweight rating in a report on Tuesday, March 5th. Finally, Morgan Stanley upped their price target on Digital Realty Trust from $100.00 to $108.00 and gave the stock an equal weight rating in a report on Tuesday, April 2nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $142.65.

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $143.77 on Friday. The business’s 50-day simple moving average is $142.39 and its 200-day simple moving average is $137.72. Digital Realty Trust has a 52 week low of $86.33 and a 52 week high of $154.18. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 1.29. The firm has a market cap of $44.92 billion, a price-to-earnings ratio of 39.94, a P/E/G ratio of 3.34 and a beta of 0.55.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $1.22 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.39%. Digital Realty Trust’s dividend payout ratio is presently 135.56%.

Insider Buying and Selling

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total value of $494,700.00. Following the transaction, the director now directly owns 8,413 shares in the company, valued at $1,224,091.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.39% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Digital Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Operose Advisors LLC bought a new position in shares of Digital Realty Trust in the third quarter valued at about $27,000. Rise Advisors LLC increased its position in Digital Realty Trust by 1,125.0% in the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 180 shares in the last quarter. GoalVest Advisory LLC bought a new position in shares of Digital Realty Trust in the first quarter worth about $29,000. Baldwin Brothers LLC MA lifted its position in shares of Digital Realty Trust by 528.6% during the fourth quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 185 shares in the last quarter. Finally, Bfsg LLC acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $31,000. 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.