Digital Realty Trust, Inc. (NYSE:DLR) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Digital Realty Trust, Inc. (NYSE:DLR) have been assigned an average recommendation of “Moderate Buy” from the twenty-three brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, fifteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $183.05.

A number of research firms have recently issued reports on DLR. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. New Street Research upgraded shares of Digital Realty Trust to a “hold” rating in a report on Monday, April 28th. JPMorgan Chase & Co. upped their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Barclays cut their target price on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a research note on Thursday, March 20th.

Digital Realty Trust Stock Up 0.2 %

Shares of DLR opened at $166.92 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The firm has a market cap of $56.21 billion, a P/E ratio of 103.04, a PEG ratio of 4.38 and a beta of 0.93. The stock’s 50 day moving average is $150.12 and its two-hundred day moving average is $167.71. Digital Realty Trust has a 12 month low of $129.95 and a 12 month high of $198.00.

Digital Realty Trust (NYSE:DLR) last issued its quarterly 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. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 EPS. Analysts predict that Digital Realty Trust will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Friday, March 14th. Digital Realty Trust’s dividend payout ratio is currently 456.07%.

Institutional Trading of Digital Realty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in DLR. Stolper Co raised its holdings in shares of Digital Realty Trust by 0.5% during the 4th quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock valued at $2,243,000 after buying an additional 64 shares during the period. Bleakley Financial Group LLC lifted its holdings in Digital Realty Trust by 1.5% in the fourth quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust’s stock worth $769,000 after acquiring an additional 64 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC lifted its stake in Digital Realty Trust by 3.2% in the first quarter. Hutchens & Kramer Investment Management Group LLC now owns 2,145 shares of the real estate investment trust’s stock valued at $307,000 after buying an additional 66 shares during the last quarter. Robbins Farley boosted its position in shares of Digital Realty Trust by 0.7% during the first quarter. Robbins Farley now owns 10,956 shares of the real estate investment trust’s stock worth $1,570,000 after buying an additional 71 shares during the period. Finally, Catalina Capital Group LLC grew its position in Digital Realty Trust by 3.1% in the 4th quarter. Catalina Capital Group LLC now owns 2,393 shares of the real estate investment trust’s stock valued at $424,000 after buying an additional 72 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

About Digital Realty Trust

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.