Digital Realty Trust (NYSE:DLR) PT Raised to $185.00 at Wells Fargo & Company

Digital Realty Trust (NYSE:DLR) had its target price upped by Wells Fargo & Company from $175.00 to $185.00 in a report published on Friday, Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Several other research analysts have also weighed in on DLR. Stifel Nicolaus raised their price objective on shares of Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, July 12th. The Goldman Sachs Group began coverage on Digital Realty Trust in a research note on Monday, July 1st. They issued a “buy” rating and a $175.00 price target for the company. Argus cut Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Finally, Evercore ISI upped their price target on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $165.21.

Digital Realty Trust Stock Up 9.6 %

Shares of NYSE DLR opened at $181.01 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78. Digital Realty Trust has a 1 year low of $116.73 and a 1 year high of $193.88. The stock’s 50-day simple moving average is $157.70 and its 200-day simple moving average is $150.74. The firm has a market cap of $56.55 billion, a price-to-earnings ratio of 50.28, a PEG ratio of 5.08 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the firm earned $1.62 earnings per share. Digital Realty Trust’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities analysts anticipate that Digital Realty Trust will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend was Friday, September 13th. Digital Realty Trust’s payout ratio is currently 135.56%.

Insider Transactions at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the transaction, the director now owns 9,055 shares of the company’s stock, valued at $1,360,604.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.17% of the company’s stock.

Institutional Trading of Digital Realty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in DLR. Meeder Asset Management Inc. acquired a new stake in shares of Digital Realty Trust during the 2nd quarter valued at $25,000. Gradient Investments LLC raised its position in shares of Digital Realty Trust by 75.2% during the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 76 shares during the period. American Capital Advisory LLC purchased a new stake in shares of Digital Realty Trust during the second quarter valued at $27,000. Private Ocean LLC acquired a new position in shares of Digital Realty Trust in the 2nd quarter valued at $27,000. Finally, Asset Dedication LLC purchased a new stake in Digital Realty Trust in the 2nd quarter worth about $31,000. 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.