Digital Realty Trust (NYSE:DLR) Given New $230.00 Price Target at Evercore

Digital Realty Trust (NYSE:DLR) had its price target upped by Evercore from $200.00 to $230.00 in a research note issued to investors on Tuesday,MarketScreener reports. Evercore currently has an outperform rating on the real estate investment trust’s stock.

DLR has been the subject of several other research reports. Morgan Stanley boosted their price target on Digital Realty Trust from $195.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday, April 13th. Scotiabank lifted their price objective on Digital Realty Trust from $189.00 to $195.00 and gave the stock a “sector outperform” rating in a report on Tuesday, April 7th. The Goldman Sachs Group lifted their price objective on Digital Realty Trust from $188.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 6th. KeyCorp reaffirmed a “sector weight” rating on shares of Digital Realty Trust in a report on Thursday, January 29th. Finally, Bank of America restated a “neutral” rating and issued a $170.00 price objective (down from $210.00) on shares of Digital Realty Trust in a research report on Thursday, January 8th. Four investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $201.19.

Digital Realty Trust Stock Down 1.3%

Shares of NYSE:DLR opened at $201.29 on Tuesday. The stock has a fifty day simple moving average of $181.92 and a two-hundred day simple moving average of $169.63. The stock has a market capitalization of $69.16 billion, a price-to-earnings ratio of 55.91, a PEG ratio of 4.51 and a beta of 1.07. Digital Realty Trust has a 12-month low of $146.23 and a 12-month high of $204.94. 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 (NYSE:DLR) last announced 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 during the quarter, compared to analysts’ expectations of $1.58 billion. Digital Realty Trust had a return on equity of 5.88% and a net margin of 21.41%.The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.73 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 7.900-8.000 EPS. On average, research analysts anticipate that Digital Realty Trust will post 7.94 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

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

Hedge Funds Weigh In On Digital Realty Trust

Several institutional investors and hedge funds have recently modified their holdings of the stock. New York State Common Retirement Fund increased its stake in shares of Digital Realty Trust by 7.1% in 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 buying an additional 15,569 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Digital Realty Trust by 13.5% in 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 increased its stake in shares of 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 valued at $46,896,000 after buying an additional 270,545 shares during the period. Centersquare Investment Management LLC increased its stake in shares of Digital Realty Trust by 5.0% in the third quarter. Centersquare Investment Management LLC now owns 3,118,869 shares of the real estate investment trust’s stock valued at $539,190,000 after buying an additional 149,770 shares during the period. Finally, Gallacher Capital Management LLC acquired a new position in shares of Digital Realty Trust in the third quarter valued at approximately $762,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.