Digital Realty Trust (NYSE:DLR) Given New $220.00 Price Target at BMO Capital Markets

Digital Realty Trust (NYSE:DLR) had its price objective hoisted by BMO Capital Markets from $205.00 to $220.00 in a research note published on Monday,MarketScreener reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

DLR has been the subject of several other reports. Raymond James Financial reaffirmed a “strong-buy” rating and set a $210.00 price objective on shares of Digital Realty Trust in a report on Thursday, March 12th. The Goldman Sachs Group upped their price objective on shares of Digital Realty Trust from $188.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Wolfe Research upped their target price on shares of Digital Realty Trust from $194.00 to $211.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Sanford C. Bernstein initiated coverage on shares of Digital Realty Trust in a research note on Thursday, March 5th. They set an “outperform” rating and a $218.00 target price for the company. Finally, Weiss Ratings upgraded shares of Digital Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $199.12.

Digital Realty Trust Price Performance

NYSE DLR opened at $203.91 on Monday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.81. The company has a fifty day simple moving average of $181.35 and a 200 day simple moving average of $169.46. The company has a market cap of $70.07 billion, a P/E ratio of 56.64, a P/E/G ratio of 4.51 and a beta of 1.07. Digital Realty Trust has a 1 year low of $143.83 and a 1 year high of $204.60.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, February 5th. The real estate investment trust reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.03. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.58 billion. Digital Realty Trust had a net margin of 21.41% and a return on equity of 5.88%. Digital Realty Trust’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.73 EPS. Digital Realty Trust has set its FY 2026 guidance at 7.900-8.000 EPS. On average, sell-side analysts predict that Digital Realty Trust will post 7.94 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, March 13th. Digital Realty Trust’s dividend payout ratio is presently 135.56%.

Hedge Funds Weigh In On Digital Realty Trust

A number of hedge funds have recently made changes to their positions in the business. South Plains Financial Inc. raised its stake in shares of Digital Realty Trust by 25.7% in the 4th quarter. South Plains Financial Inc. now owns 274 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 56 shares in the last quarter. Security National Bank of Sioux City Iowa IA raised its stake 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 valued at $2,478,000 after buying an additional 60 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Digital Realty Trust by 2.6% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,404 shares of the real estate investment trust’s stock valued at $372,000 after buying an additional 61 shares in the last quarter. PDS Planning Inc raised its stake in shares of Digital Realty Trust by 3.6% in the 4th quarter. PDS Planning Inc now owns 1,785 shares of the real estate investment trust’s stock valued at $276,000 after buying an additional 62 shares in the last quarter. Finally, Bell Investment Advisors Inc raised its stake in shares of Digital Realty Trust by 56.9% in the 1st quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 62 shares in the last quarter. Institutional investors and hedge funds 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.