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

Digital Realty Trust, Inc. (NYSE:DLR) has been assigned an average recommendation of “Moderate Buy” from the twenty-one analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $184.33.

DLR has been the topic of several analyst reports. Truist Financial decreased their price target on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Scotiabank raised shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target for the company in a report on Tuesday, February 18th. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price objective for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. AAFMAA Wealth Management & Trust LLC bought a new position in Digital Realty Trust during the 1st quarter worth approximately $1,187,000. Tealwood Asset Management Inc. increased its stake in shares of Digital Realty Trust by 0.6% in the first quarter. Tealwood Asset Management Inc. now owns 16,840 shares of the real estate investment trust’s stock worth $2,413,000 after buying an additional 100 shares during the period. Pines Wealth Management LLC raised its holdings in Digital Realty Trust by 14.3% during the 1st quarter. Pines Wealth Management LLC now owns 3,468 shares of the real estate investment trust’s stock valued at $472,000 after buying an additional 434 shares during the last quarter. Permanent Capital Management LP purchased a new stake in Digital Realty Trust during the 1st quarter valued at $210,000. Finally, Gilman Hill Asset Management LLC grew its holdings in Digital Realty Trust by 9.4% in the 1st quarter. Gilman Hill Asset Management LLC now owns 6,348 shares of the real estate investment trust’s stock worth $910,000 after acquiring an additional 544 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

DLR opened at $145.10 on Friday. The firm has a 50-day moving average price of $153.16 and a 200-day moving average price of $168.28. Digital Realty Trust has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $48.85 billion, a price-to-earnings ratio of 89.56, a PEG ratio of 4.38 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share 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 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.36%. Digital Realty Trust’s payout ratio is 301.23%.

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.