Digital Realty Trust (NYSE:DLR) Sees Strong Trading Volume – Time to Buy?

Digital Realty Trust, Inc. (NYSE:DLR) saw unusually-strong trading volume on Monday . Approximately 2,094,435 shares were traded during trading, an increase of 14% from the previous session’s volume of 1,834,839 shares.The stock last traded at $159.22 and had previously closed at $180.50.

Analyst Ratings Changes

DLR has been the topic of a number of recent research reports. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday. Truist Financial upped their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. JMP Securities initiated coverage on Digital Realty Trust in a research report on Monday. They issued an “outperform” rating and a $220.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and upped their target price for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. Finally, Raymond James raised their target price on 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 equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus price target of $180.95.

Digital Realty Trust Stock Performance

The stock’s 50-day moving average is $182.49 and its 200 day moving average is $167.98. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market cap of $53.80 billion, a P/E ratio of 136.29, a PEG ratio of 4.64 and a beta of 0.64.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 3.01%. Digital Realty Trust’s payout ratio is currently 410.08%.

Insider Buying and Selling

In other news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction that occurred on 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 filing with the SEC, which is available at this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Digital Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Adirondack Trust Co. increased its position in Digital Realty Trust by 68.6% during the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 81 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Digital Realty Trust during the fourth quarter worth approximately $35,000. Versant Capital Management Inc raised its position in shares of Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 173 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Digital Realty Trust in the third quarter valued at approximately $38,000. Finally, First Financial Corp IN acquired a new stake in Digital Realty Trust during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.