Brokerages Set Digital Realty Trust, Inc. (NYSE:DLR) Target Price at $183.05

Digital Realty Trust, Inc. (NYSE:DLR) has been assigned a consensus rating of “Moderate Buy” from the twenty-three analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, fifteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $183.05.

Several brokerages recently weighed in on DLR. Truist Financial reduced their price target on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, March 10th. Citigroup lowered their price target on shares of Digital Realty Trust from $188.00 to $174.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. New Street Research raised shares of Digital Realty Trust to a “hold” rating in a research note on Monday, April 28th. Finally, Wells Fargo & Company cut their price target on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DLR. Headlands Technologies LLC purchased a new stake in Digital Realty Trust in the first quarter valued at $148,000. Charles Schwab Investment Management Inc. lifted its position in Digital Realty Trust by 2.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,734,601 shares of the real estate investment trust’s stock valued at $535,131,000 after buying an additional 101,849 shares during the last quarter. ASR Vermogensbeheer N.V. purchased a new position in Digital Realty Trust during the first quarter worth about $8,339,000. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Digital Realty Trust during the first quarter valued at about $26,000. Finally, WealthShield Partners LLC lifted its holdings in shares of Digital Realty Trust by 5.7% in the 1st quarter. WealthShield Partners LLC now owns 16,394 shares of the real estate investment trust’s stock worth $2,349,000 after acquiring an additional 882 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Trading Down 0.1 %

Shares of NYSE:DLR opened at $166.59 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. Digital Realty Trust has a 52-week low of $129.95 and a 52-week high of $198.00. The stock has a market cap of $56.11 billion, a price-to-earnings ratio of 102.83, a PEG ratio of 4.38 and a beta of 0.93. The business has a 50-day moving average price of $150.78 and a 200-day moving average price of $167.73.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, beating the consensus estimate of $1.73 by $0.04. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.67 EPS. Equities analysts predict that Digital Realty Trust will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 2.93%. Digital Realty Trust’s dividend payout ratio (DPR) is 456.07%.

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.