TD Cowen Boosts Digital Realty Trust (NYSE:DLR) Price Target to $122.00

Digital Realty Trust (NYSE:DLR) had its price objective upped by TD Cowen from $116.00 to $122.00 in a research report report published on Friday, Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

DLR has been the topic of a number of other reports. Raymond James boosted their price target on shares of Digital Realty Trust from $140.00 to $170.00 and gave the company a strong-buy rating in a research report on Friday, February 16th. Citigroup boosted their target price on Digital Realty Trust from $154.00 to $160.00 and gave the stock a buy rating in a report on Thursday, February 29th. Truist Financial raised their price target on Digital Realty Trust from $145.00 to $158.00 and gave the company a buy rating in a report on Monday, March 18th. Stifel Nicolaus boosted their price objective on Digital Realty Trust from $155.00 to $160.00 and gave the stock a buy rating in a research note on Friday, February 16th. Finally, Wells Fargo & Company upgraded Digital Realty Trust from an equal weight rating to an overweight rating and raised their target price for the company from $135.00 to $155.00 in a research note on Tuesday, April 9th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $142.65.

Digital Realty Trust Trading Up 4.9 %

Shares of DLR opened at $147.00 on Friday. The stock has a market cap of $45.93 billion, a PE ratio of 40.83, a PEG ratio of 3.34 and a beta of 0.55. The stock has a 50 day simple moving average of $142.27 and a 200-day simple moving average of $137.52. Digital Realty Trust has a 1 year low of $86.33 and a 1 year high of $154.18. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.91.

Digital Realty Trust Announces Dividend

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

Insider Buying and Selling

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total value of $494,700.00. Following the transaction, the director now owns 8,413 shares of the company’s stock, valued at $1,224,091.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.39% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLR. Operose Advisors LLC bought a new position in shares of Digital Realty Trust during the 3rd quarter valued at about $27,000. Rise Advisors LLC lifted its position in shares of Digital Realty Trust by 1,125.0% in the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 180 shares in the last quarter. GoalVest Advisory LLC bought a new position in Digital Realty Trust in the first quarter valued at $29,000. Baldwin Brothers LLC MA lifted its stake in Digital Realty Trust by 528.6% in the 4th quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 185 shares during the last quarter. Finally, Bfsg LLC bought a new position in Digital Realty Trust during the fourth 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.