Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust (NYSE:DLR – Free Report) from a hold rating to a buy rating in a report issued on Wednesday morning, Marketbeat reports. Deutsche Bank Aktiengesellschaft currently has $194.00 target price on the real estate investment trust’s stock, up from their previous target price of $185.00.
Several other research analysts have also recently issued reports on the stock. Truist Financial increased their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. raised their price target on Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Jefferies Financial Group increased their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. TD Cowen boosted their target price on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, Raymond James increased their price target on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and an average target price of $177.32.
Read Our Latest Research Report on Digital Realty Trust
Digital Realty Trust Stock Up 0.5 %
Digital Realty Trust (NYSE:DLR – Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business earned $1.62 earnings per share. As a group, research analysts expect that Digital Realty Trust will post 6.71 earnings per share for the current year.
Digital Realty Trust Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.79%. Digital Realty Trust’s dividend payout ratio (DPR) is 410.08%.
Insider Activity at Digital Realty Trust
In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.
Institutional Investors Weigh In On Digital Realty Trust
Hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. raised its stake in Digital Realty Trust by 49.9% during the second quarter. Federated Hermes Inc. now owns 6,931 shares of the real estate investment trust’s stock worth $1,054,000 after purchasing an additional 2,307 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Digital Realty Trust by 0.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 391,051 shares of the real estate investment trust’s stock worth $59,459,000 after buying an additional 2,479 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Digital Realty Trust by 543.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust’s stock valued at $220,068,000 after acquiring an additional 1,773,591 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Digital Realty Trust during the second quarter valued at about $9,105,000. Finally, Mutual of America Capital Management LLC increased its stake in Digital Realty Trust by 2.9% during the second quarter. Mutual of America Capital Management LLC now owns 43,796 shares of the real estate investment trust’s stock worth $6,659,000 after acquiring an additional 1,217 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.
Digital Realty Trust Company Profile
Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.
Further Reading
- Five stocks we like better than Digital Realty Trust
- 3 Healthcare Dividend Stocks to Buy
- 3 Cheap Small-Cap Banks for Dividend Growth Investors
- Expert Stock Trading Psychology Tips
- 3 Defensive Stocks Analysts Are Bullish on to Kick Off the Year
- Technology Stocks Explained: Here’s What to Know About Tech
- Vistra Corp: Could 2025 Continue Its Streak of Outperformance?
Receive News & Ratings for Digital Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.