Digital Realty Trust (NYSE:DLR) Given “Neutral” Rating at Bank of America

Bank of America restated their neutral rating on shares of Digital Realty Trust (NYSE:DLR) in a report issued on Thursday morning, MarketBeat.com reports. The firm currently has a $170.00 target price on the real estate investment trust’s stock, down from their prior target price of $210.00.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley started coverage on shares of Digital Realty Trust in a research report on Thursday, October 16th. They issued an “equal weight” rating and a $195.00 price objective for the company. JPMorgan Chase & Co. increased 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. Weiss Ratings upgraded Digital Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. The Goldman Sachs Group initiated coverage on Digital Realty Trust in a research report on Thursday, December 18th. They set a “buy” rating and a $188.00 target price for the company. Finally, Wolfe Research raised Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price target on the stock in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $194.62.

Digital Realty Trust Price Performance

DLR opened at $152.72 on Thursday. The business has a fifty day moving average of $158.68 and a 200 day moving average of $167.22. The stock has a market cap of $52.46 billion, a P/E ratio of 39.46, a PEG ratio of 3.72 and a beta of 1.11. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.80. Digital Realty Trust has a 52-week low of $129.95 and a 52-week high of $187.74.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share for the quarter. The business had revenue of $1.58 billion during the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%. As a group, sell-side analysts anticipate that Digital Realty Trust will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 15th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, December 15th. Digital Realty Trust’s payout ratio is 126.10%.

Insider Buying and Selling

In other Digital Realty Trust news, Director Mary Hogan Preusse sold 4,166 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $157.42, for a total transaction of $655,811.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Summit Place Financial Advisors LLC grew its holdings in Digital Realty Trust by 2.0% in the second quarter. Summit Place Financial Advisors LLC now owns 2,857 shares of the real estate investment trust’s stock worth $498,000 after purchasing an additional 57 shares during the last quarter. Riverbend Wealth Management LLC boosted its position in shares of Digital Realty Trust by 3.0% in the 2nd quarter. Riverbend Wealth Management LLC now owns 2,043 shares of the real estate investment trust’s stock worth $356,000 after purchasing an additional 60 shares in the last quarter. Security National Bank of Sioux City Iowa IA boosted its position in shares of Digital Realty Trust by 0.4% in the 3rd quarter. Security National Bank of Sioux City Iowa IA now owns 14,335 shares of the real estate investment trust’s stock worth $2,478,000 after purchasing an additional 60 shares in the last quarter. Telos Capital Management Inc. grew its stake in Digital Realty Trust by 0.8% during the 2nd quarter. Telos Capital Management Inc. now owns 8,089 shares of the real estate investment trust’s stock worth $1,410,000 after buying an additional 64 shares during the last quarter. Finally, Commons Capital LLC increased its position in Digital Realty Trust by 4.6% during the 3rd quarter. Commons Capital LLC now owns 1,463 shares of the real estate investment trust’s stock valued at $253,000 after buying an additional 64 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.