Digital Realty Trust, Inc. (NYSE:DLR) Given Average Recommendation of “Moderate Buy” by Brokerages

Digital Realty Trust, Inc. (NYSE:DLR) has been given an average recommendation of “Moderate Buy” by the twenty-five research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $197.5238.

Several equities research analysts have commented on the company. Moffett Nathanson boosted their target price on Digital Realty Trust from $163.00 to $166.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Morgan Stanley started coverage on Digital Realty Trust in a research note on Thursday, October 16th. They issued an “equal weight” rating and a $195.00 target price on the stock. TD Cowen upped their price objective on Digital Realty Trust from $163.00 to $179.00 and gave the stock a “hold” rating in a research note on Friday, October 24th. Raymond James Financial upped their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. upped their price objective on Digital Realty Trust from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th.

Digital Realty Trust Trading Down 2.1%

NYSE DLR opened at $174.31 on Wednesday. The stock has a market capitalization of $59.45 billion, a price-to-earnings ratio of 45.04, a PEG ratio of 4.40 and a beta of 0.96. The stock’s 50 day moving average price is $171.09 and its two-hundred day moving average price is $169.70. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.22 and a current ratio of 2.02. Digital Realty Trust has a 52 week low of $129.95 and a 52 week high of $198.00.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 EPS for the quarter, beating the consensus estimate of $1.78 by $0.11. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.67 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. As a group, analysts anticipate that Digital Realty Trust will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $1.22 per share. The ex-dividend date was Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. Digital Realty Trust’s dividend payout ratio is currently 126.10%.

Insider Activity

In other news, CEO Andrew Power sold 53,269 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.17% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Digital Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Digital Realty Trust by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 52,892,557 shares of the real estate investment trust’s stock worth $9,220,759,000 after acquiring an additional 513,697 shares during the last quarter. Norges Bank acquired a new position in shares of Digital Realty Trust during the 2nd quarter worth approximately $3,808,270,000. State Street Corp increased its holdings in shares of Digital Realty Trust by 1.9% during the 2nd quarter. State Street Corp now owns 20,405,760 shares of the real estate investment trust’s stock worth $3,557,336,000 after acquiring an additional 376,699 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Digital Realty Trust by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 8,850,818 shares of the real estate investment trust’s stock worth $1,536,795,000 after acquiring an additional 196,579 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Digital Realty Trust by 3.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 7,356,429 shares of the real estate investment trust’s stock worth $1,282,446,000 after acquiring an additional 211,692 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

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.