Digital Realty Trust (NYSE:DLR) Price Target Lowered to $177.00 at Mizuho

Digital Realty Trust (NYSE:DLR) had its price objective lowered by Mizuho from $211.00 to $177.00 in a report published on Friday,Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

DLR has been the subject of a number of other research reports. Barclays cut their price objective on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a research report on Thursday, March 20th. Scotiabank raised Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price objective on the stock in a research note on Tuesday, February 18th. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Wells Fargo & Company reduced their price target on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $180.32.

Digital Realty Trust Stock Performance

NYSE DLR opened at $142.10 on Friday. The business has a 50-day moving average price of $160.10 and a 200-day moving average price of $169.75. The firm has a market cap of $47.84 billion, a price-to-earnings ratio of 87.71, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. Digital Realty Trust has a twelve month low of $135.54 and a twelve month high of $198.00. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. As a group, equities research analysts predict that Digital Realty Trust will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s dividend payout ratio is presently 301.23%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DLR. Norges Bank purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at $3,858,428,000. Northern Trust Corp grew its holdings in Digital Realty Trust by 57.5% during the 4th quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust’s stock worth $900,934,000 after acquiring an additional 1,854,748 shares in the last quarter. Deutsche Bank AG increased its position in Digital Realty Trust by 66.6% during the 4th quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust’s stock valued at $546,499,000 after purchasing an additional 1,232,043 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Digital Realty Trust in the 4th quarter valued at about $182,126,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Digital Realty Trust in the 3rd quarter worth approximately $132,980,000. 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.