Digital Realty Trust (NYSE:DLR) Now Covered by Bank of America

Bank of America started coverage on shares of Digital Realty Trust (NYSE:DLR) in a report issued on Monday morning. The brokerage issued a buy rating and a $210.00 target price on the real estate investment trust’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. New Street Research raised shares of Digital Realty Trust to a “hold” rating in a research note on Monday, April 28th. Jefferies Financial Group reissued a “buy” rating and set a $193.00 price target (up previously from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. Mizuho dropped 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 report on Friday, March 28th. Finally, JPMorgan Chase & Co. increased their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and an average target price of $185.10.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $170.69 on Monday. The company’s fifty day moving average price is $152.91 and its 200-day moving average price is $167.21. The firm has a market capitalization of $57.49 billion, a price-to-earnings ratio of 105.36, a PEG ratio of 4.38 and a beta of 0.93. Digital Realty Trust has a one year low of $129.95 and a one year high of $198.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61.

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 analysts’ consensus estimates 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 firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities research analysts anticipate 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 $1.22 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 2.86%. Digital Realty Trust’s payout ratio is 456.07%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. SCS Capital Management LLC bought a new position in shares of Digital Realty Trust in the 1st quarter worth about $417,000. Woodline Partners LP increased its stake in shares of Digital Realty Trust by 2,116.2% in the 1st quarter. Woodline Partners LP now owns 324,651 shares of the real estate investment trust’s stock worth $46,519,000 after acquiring an additional 310,002 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Digital Realty Trust by 9.4% in the 1st quarter. Empowered Funds LLC now owns 6,784 shares of the real estate investment trust’s stock worth $972,000 after acquiring an additional 584 shares in the last quarter. MBB Public Markets I LLC bought a new position in shares of Digital Realty Trust in the 1st quarter worth about $301,000. Finally, United Services Automobile Association bought a new position in shares of Digital Realty Trust in the 1st quarter worth about $942,000. 99.71% of the stock is currently 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.