Deutsche Bank Aktiengesellschaft Boosts Digital Realty Trust (NYSE:DLR) Price Target to $145.00

Digital Realty Trust (NYSE:DLRFree Report) had its target price upped by Deutsche Bank Aktiengesellschaft from $143.00 to $145.00 in a research note issued to investors on Thursday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the real estate investment trust’s stock.

DLR has been the topic of several other research reports. Morgan Stanley raised their target price on shares of Digital Realty Trust from $100.00 to $108.00 and gave the company an equal weight rating in a research note on Tuesday, April 2nd. TD Cowen lifted their price objective on shares of Digital Realty Trust from $116.00 to $122.00 and gave the stock a hold rating in a research note on Friday, May 3rd. Royal Bank of Canada reaffirmed an outperform rating and issued a $144.00 price objective on shares of Digital Realty Trust in a research note on Friday, February 16th. Truist Financial lifted their price objective 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. Finally, HSBC lifted their price objective on shares of Digital Realty Trust from $115.00 to $118.00 and gave the stock a reduce rating in a research note on Friday, May 3rd. 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 issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $143.71.

Get Our Latest Research Report on DLR

Digital Realty Trust Stock Up 0.9 %

Digital Realty Trust stock opened at $145.34 on Thursday. The stock has a market cap of $45.41 billion, a price-to-earnings ratio of 40.37 and a beta of 0.55. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.91. The company’s 50-day moving average price is $141.69 and its two-hundred day moving average price is $140.03. Digital Realty Trust has a 52 week low of $99.65 and a 52 week high of $154.18.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Friday, June 14th. Digital Realty Trust’s payout ratio is 135.56%.

Insiders Place Their Bets

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total transaction of $494,700.00. Following the completion of the sale, the director now directly owns 8,413 shares in the company, valued at $1,224,091.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Institutional Trading of Digital Realty Trust

Several institutional investors have recently made changes to their positions in DLR. Savant Capital LLC boosted its holdings in shares of Digital Realty Trust by 28.5% during the third quarter. Savant Capital LLC now owns 5,311 shares of the real estate investment trust’s stock worth $643,000 after purchasing an additional 1,177 shares during the period. Jump Financial LLC bought a new position in Digital Realty Trust during the third quarter valued at approximately $278,000. Barclays PLC raised its position in Digital Realty Trust by 17.8% during the third quarter. Barclays PLC now owns 626,180 shares of the real estate investment trust’s stock valued at $75,783,000 after acquiring an additional 94,464 shares in the last quarter. Chartwell Investment Partners LLC raised its position in Digital Realty Trust by 30.2% during the third quarter. Chartwell Investment Partners LLC now owns 38,086 shares of the real estate investment trust’s stock valued at $4,609,000 after acquiring an additional 8,843 shares in the last quarter. Finally, Great Lakes Advisors LLC raised its position in Digital Realty Trust by 16.3% during the third quarter. Great Lakes Advisors LLC now owns 10,767 shares of the real estate investment trust’s stock valued at $1,303,000 after acquiring an additional 1,506 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Company Profile

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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.

Further Reading

Analyst Recommendations for Digital Realty Trust (NYSE:DLR)

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