Analysts Set Digital Realty Trust, Inc. (NYSE:DLR) Target Price at $178.89

Digital Realty Trust, Inc. (NYSE:DLR) has received an average rating of “Moderate Buy” from the twenty-three analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, fourteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $180.95.

Several research firms recently commented on DLR. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. Royal Bank of Canada raised their price target on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Finally, Stifel Nicolaus lifted their target price on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 21st.

Digital Realty Trust Stock Down 0.3 %

Shares of NYSE:DLR opened at $163.80 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. Digital Realty Trust has a 52-week low of $131.42 and a 52-week high of $198.00. The company has a market capitalization of $54.33 billion, a PE ratio of 137.65, a price-to-earnings-growth ratio of 4.11 and a beta of 0.64. The company has a fifty day moving average of $181.55 and a 200-day moving average of $167.91.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.98%. The ex-dividend date was Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 410.08%.

Insider Transactions at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sierra Ocean LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter valued at $29,000. Adirondack Trust Co. increased its stake in shares of Digital Realty Trust by 68.6% in the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 81 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Digital Realty Trust in the 4th quarter worth approximately $35,000. Versant Capital Management Inc grew 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 purchasing an additional 173 shares in the last quarter. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Digital Realty Trust during the 3rd quarter valued at $38,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Digital Realty Trust Company Profile

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.