Digital Realty Trust (NYSE:DLR) Research Coverage Started at Sanford C. Bernstein

Sanford C. Bernstein initiated coverage on shares of Digital Realty Trust (NYSE:DLR) in a research note issued to investors on Thursday morning, MarketBeat reports. The firm issued an outperform rating and a $218.00 target price on the real estate investment trust’s stock.

Other analysts also recently issued reports about the company. Wall Street Zen downgraded Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Jefferies Financial Group boosted their price objective on shares of Digital Realty Trust from $184.00 to $189.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Weiss Ratings upgraded shares of Digital Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Mizuho dropped their price target on shares of Digital Realty Trust from $191.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, January 12th. Finally, HSBC set a $193.00 price target on shares of Digital Realty Trust and gave the company a “buy” rating in a report on Thursday, January 15th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $193.36.

Digital Realty Trust Trading Down 2.0%

DLR opened at $176.21 on Thursday. The stock has a 50-day moving average of $167.28 and a 200 day moving average of $166.38. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.81. Digital Realty Trust has a 12 month low of $129.95 and a 12 month high of $184.79. The firm has a market cap of $60.55 billion, a P/E ratio of 48.95, a P/E/G ratio of 3.90 and a beta of 1.12.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, February 5th. The real estate investment trust reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.03. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.58 billion. Digital Realty Trust had a return on equity of 5.88% and a net margin of 21.41%.The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.73 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 7.900-8.000 EPS. As a group, research analysts forecast that Digital Realty Trust will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, March 13th. Digital Realty Trust’s payout ratio is currently 135.56%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. New York State Common Retirement Fund boosted its stake in shares of Digital Realty Trust by 7.1% during the third quarter. New York State Common Retirement Fund now owns 233,569 shares of the real estate investment trust’s stock valued at $40,379,000 after purchasing an additional 15,569 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Digital Realty Trust by 13.5% during the third quarter. Jones Financial Companies Lllp now owns 148,970 shares of the real estate investment trust’s stock valued at $25,545,000 after buying an additional 17,729 shares during the period. OFI Invest Asset Management raised its stake in Digital Realty Trust by 37,575.7% in the third quarter. OFI Invest Asset Management now owns 271,265 shares of the real estate investment trust’s stock worth $46,896,000 after buying an additional 270,545 shares in the last quarter. Gallacher Capital Management LLC purchased a new stake in Digital Realty Trust during the third quarter worth $762,000. Finally, World Investment Advisors lifted its holdings in Digital Realty Trust by 412.7% during the third quarter. World Investment Advisors now owns 11,003 shares of the real estate investment trust’s stock worth $1,902,000 after buying an additional 8,857 shares during the period. 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.