Digital Realty Trust (NYSE:DLR) Reaches New 12-Month High on Analyst Upgrade

Digital Realty Trust, Inc. (NYSE:DLR)’s share price hit a new 52-week high on Monday after BMO Capital Markets raised their price target on the stock from $205.00 to $220.00. BMO Capital Markets currently has an outperform rating on the stock. Digital Realty Trust traded as high as $204.54 and last traded at $204.0930, with a volume of 86469 shares. The stock had previously closed at $203.62.

A number of other brokerages have also recently weighed in on DLR. Bank of America reaffirmed a “neutral” rating and set a $170.00 price target (down from $210.00) on shares of Digital Realty Trust in a research report on Thursday, January 8th. Citigroup decreased their price target on shares of Digital Realty Trust from $212.00 to $190.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Truist Financial started coverage on shares of Digital Realty Trust in a research report on Tuesday, March 31st. They set a “buy” rating and a $207.00 price target for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of Digital Realty Trust in a research report on Monday, January 5th. They set a “buy” rating and a $180.00 price target for the company. Finally, Weiss Ratings raised shares of Digital Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 17th. Four 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $199.12.

Hedge Funds Weigh In On Digital Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. purchased a new position in Digital Realty Trust in the 3rd quarter valued at about $25,000. Salomon & Ludwin LLC bought a new position in shares of Digital Realty Trust during the third quarter worth about $28,000. Sunbelt Securities Inc. grew its stake in Digital Realty Trust by 347.2% in the third quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. First Horizon Corp acquired a new position in Digital Realty Trust in the third quarter worth about $31,000. Finally, Bell Investment Advisors Inc increased its holdings in Digital Realty Trust by 56.9% in the first 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 during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Stock Performance

The company has a debt-to-equity ratio of 0.81, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a market capitalization of $70.07 billion, a P/E ratio of 56.64, a price-to-earnings-growth ratio of 4.51 and a beta of 1.07. The company has a fifty day moving average of $181.35 and a two-hundred day moving average of $169.46.

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

Digital Realty Trust Dividend Announcement

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

About Digital Realty Trust

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.