Digital Realty Trust (NYSE:DLR) Price Target Raised to $147.00

Digital Realty Trust (NYSE:DLR) had its target price upped by UBS Group from $143.00 to $147.00 in a report issued on Friday morning, Benzinga reports. UBS Group currently has a neutral rating on the real estate investment trust’s stock.

DLR has been the topic of several other research reports. Stifel Nicolaus increased their price objective on shares of Digital Realty Trust from $155.00 to $160.00 and gave the stock a buy rating in a research note on Friday, February 16th. Truist Financial lifted their price target on shares of Digital Realty Trust from $145.00 to $158.00 and gave the stock a buy rating in a research note on Monday, March 18th. Scotiabank lowered Digital Realty Trust from a sector outperform rating to a sector perform rating and set a $157.00 price objective for the company. in a research note on Friday, February 16th. StockNews.com downgraded Digital Realty Trust from a hold rating to a sell rating in a research report on Friday, February 16th. Finally, Morgan Stanley upped their price target on Digital Realty Trust from $100.00 to $108.00 and gave the stock an equal weight rating in a research report on Tuesday, April 2nd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of Hold and an average target price of $142.65.

Digital Realty Trust Stock Up 4.9 %

DLR stock opened at $147.00 on Friday. The company has a market cap of $45.93 billion, a price-to-earnings ratio of 40.83, a P/E/G ratio of 3.34 and a beta of 0.55. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 1.29. The business’s 50-day moving average is $142.27 and its two-hundred day moving average is $137.52. Digital Realty Trust has a fifty-two week low of $86.33 and a fifty-two week high of $154.18.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend was Thursday, March 14th. Digital Realty Trust’s payout ratio is currently 135.56%.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total transaction of $494,700.00. Following the sale, the director now directly owns 8,413 shares of the company’s stock, valued at approximately $1,224,091.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.39% of the stock is currently owned by company insiders.

Institutional Trading of Digital Realty Trust

Hedge funds have recently made changes to their positions in the business. Rise Advisors LLC lifted its stake in shares of Digital Realty Trust by 1,125.0% in the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 180 shares during the last quarter. GoalVest Advisory LLC purchased a new position in Digital Realty Trust during the first quarter worth $29,000. Baldwin Brothers LLC MA increased its position in Digital Realty Trust by 528.6% during the fourth quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 185 shares during the last quarter. Operose Advisors LLC bought a new stake in shares of Digital Realty Trust in the 3rd quarter worth about $27,000. Finally, Bfsg LLC purchased a new position in shares of Digital Realty Trust during the 4th quarter worth about $31,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

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.