Digital Realty Trust’s (DLR) Market Outperform Rating Reaffirmed at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Digital Realty Trust (NYSE:DLR) in a research report report published on Monday,Benzinga reports. The firm currently has a $220.00 price objective on the real estate investment trust’s stock.

A number of other analysts have also recently commented on the stock. Mizuho cut their price target on shares of Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating for the company in a research note on Friday, March 28th. StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 22nd. Jefferies Financial Group reiterated a “buy” rating and issued a $193.00 price target (up previously from $190.00) on shares of Digital Realty Trust in a research note on Friday. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Finally, Scotiabank dropped their price objective on shares of Digital Realty Trust from $208.00 to $206.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $183.05.

Digital Realty Trust Stock Performance

Shares of DLR opened at $160.50 on Monday. Digital Realty Trust has a 12 month low of $129.95 and a 12 month high of $198.00. The firm has a fifty day simple moving average of $149.92 and a 200 day simple moving average of $167.72. The stock has a market capitalization of $54.05 billion, a price-to-earnings ratio of 99.07, a PEG ratio of 4.38 and a beta of 0.92. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, topping the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the company posted $1.67 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. Research analysts forecast that Digital Realty Trust will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Friday, March 14th. Digital Realty Trust’s dividend payout ratio is 301.23%.

Hedge Funds Weigh In On Digital Realty Trust

Several hedge funds have recently bought and sold shares of DLR. Norges Bank bought a new position in Digital Realty Trust in the 4th quarter valued at about $3,858,428,000. Northern Trust Corp increased its holdings in Digital Realty Trust by 57.5% in the 4th quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust’s stock valued at $900,934,000 after buying an additional 1,854,748 shares during the period. Deutsche Bank AG increased its holdings in Digital Realty Trust by 66.6% in the 4th quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust’s stock valued at $546,499,000 after buying an additional 1,232,043 shares during the period. GAMMA Investing LLC increased its holdings in Digital Realty Trust by 13,842.2% in the 1st quarter. GAMMA Investing LLC now owns 1,131,131 shares of the real estate investment trust’s stock valued at $162,080,000 after buying an additional 1,123,018 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Digital Realty Trust in the 4th quarter valued at about $182,126,000. 99.71% of the stock is owned by institutional investors.

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.