Digital Realty Trust (NYSE:DLR) Receives “Buy” Rating from Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Digital Realty Trust (NYSE:DLR) in a report released on Friday morning, Benzinga reports. They currently have a $195.00 target price on the real estate investment trust’s stock, up from their prior target price of $185.00.

DLR has been the topic of a number of other reports. JPMorgan Chase & Co. lifted their price target on Digital Realty Trust from $175.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Truist Financial lifted their target price on shares of Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and upped their price target for the company from $124.00 to $160.00 in a report on Friday, October 4th. Evercore ISI raised their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, TD Cowen lowered their price objective on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Hold” and an average price target of $165.21.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $181.01 on Friday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. The stock has a market cap of $56.55 billion, a PE ratio of 50.28, a PEG ratio of 5.08 and a beta of 0.60. The company’s fifty day moving average is $157.08 and its 200 day moving average is $150.38. Digital Realty Trust has a 52 week low of $116.73 and a 52 week high of $193.88.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the business posted $1.68 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. Research analysts anticipate that Digital Realty Trust will post 6.65 earnings per share for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 2.70%. The ex-dividend date was Friday, September 13th. Digital Realty Trust’s dividend 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 Digital Realty Trust stock in a transaction dated Thursday, August 1st. The shares were 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 directly owns 9,055 shares of the company’s stock, valued at $1,360,604.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.17% of the company’s stock.

Institutional Trading of Digital Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Trueblood Wealth Management LLC boosted its holdings in Digital Realty Trust by 3.1% in the third quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock worth $334,000 after acquiring an additional 61 shares in the last quarter. Gilman Hill Asset Management LLC grew its position in Digital Realty Trust by 1.1% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust’s stock valued at $940,000 after purchasing an additional 65 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in Digital Realty Trust by 14.3% during the 3rd quarter. GHP Investment Advisors Inc. now owns 527 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 66 shares in the last quarter. Telos Capital Management Inc. raised its holdings in Digital Realty Trust by 0.8% in the third quarter. Telos Capital Management Inc. now owns 8,569 shares of the real estate investment trust’s stock worth $1,387,000 after buying an additional 71 shares during the last quarter. Finally, Gradient Investments LLC lifted its stake in shares of Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

About Digital Realty Trust

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.