Analysts Set Digital Realty Trust, Inc. (NYSE:DLR) Price Target at $180.11

Shares of Digital Realty Trust, Inc. (NYSE:DLR) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-two brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, fourteen have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $179.95.

Several brokerages have recently issued reports on DLR. Wells Fargo & Company decreased their target price on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. JPMorgan Chase & Co. increased their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Scotiabank upgraded shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price on the stock in a report on Tuesday, February 18th. Stifel Nicolaus increased their price target on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th.

Digital Realty Trust Stock Up 0.2 %

Shares of Digital Realty Trust stock opened at $151.40 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. Digital Realty Trust has a 12-month low of $135.54 and a 12-month high of $198.00. The company has a market cap of $50.97 billion, a P/E ratio of 93.46, a PEG ratio of 4.38 and a beta of 0.65. The company’s fifty day simple moving average is $163.27 and its two-hundred day simple moving average is $169.78.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Research analysts anticipate that Digital Realty Trust will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s payout ratio is presently 301.23%.

Institutional Investors Weigh In On Digital Realty Trust

Large investors have recently added to or reduced their stakes in the stock. Sierra Ocean LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter worth $29,000. FNY Investment Advisers LLC bought a new stake in shares of Digital Realty Trust during the 4th quarter valued at about $35,000. Fairway Wealth LLC purchased a new stake in shares of Digital Realty Trust during the 4th quarter valued at about $35,000. Versant Capital Management Inc lifted its stake in shares of Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 173 shares during the period. Finally, Centricity Wealth Management LLC bought a new stake in Digital Realty Trust during the fourth quarter valued at approximately $37,000. Institutional investors own 99.71% of the company’s stock.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.