Digital Realty Trust, Inc. (NYSE:DLR) Given Consensus Rating of “Moderate Buy” by Brokerages

Digital Realty Trust, Inc. (NYSE:DLR) has been assigned an average recommendation of “Moderate Buy” from the twenty-three brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $190.6842.

A number of equities analysts recently issued reports on the stock. Oppenheimer initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, May 14th. They set an “outperform” rating and a $200.00 target price on the stock. Scotiabank decreased their price target on shares of Digital Realty Trust from $208.00 to $206.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, April 22nd. New Street Research upgraded shares of Digital Realty Trust to a “hold” rating in a research note on Monday, April 28th. Guggenheim initiated coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They set a “neutral” rating on the stock. Finally, Wells Fargo & Company lifted their price target on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th.

Digital Realty Trust Trading Down 1.4%

Shares of DLR stock opened at $166.17 on Friday. Digital Realty Trust has a 1 year low of $129.95 and a 1 year high of $198.00. The firm’s fifty day simple moving average is $173.86 and its 200 day simple moving average is $163.48. The firm has a market capitalization of $56.67 billion, a P/E ratio of 43.61, a price-to-earnings-growth ratio of 4.85 and a beta of 0.92. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.13. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm posted $1.65 earnings per share. Digital Realty Trust’s revenue was up 10.0% compared to the same quarter last year. As a group, sell-side analysts predict that Digital Realty Trust will post 7.07 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Monday, September 15th. Digital Realty Trust’s payout ratio is currently 128.08%.

Insider Activity at Digital Realty Trust

In related news, Director Mark R. Patterson sold 175 shares of Digital Realty Trust stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the transaction, the director directly owned 6,522 shares of the company’s stock, valued at $1,151,133. The trade was a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. South Plains Financial Inc. raised its holdings in shares of Digital Realty Trust by 280.5% in the second quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 115 shares during the last quarter. Tobam bought a new stake in Digital Realty Trust during the 2nd quarter worth about $28,000. Greykasell Wealth Strategies Inc. bought a new stake in Digital Realty Trust during the 1st quarter worth about $26,000. AdvisorShares Investments LLC bought a new stake in Digital Realty Trust during the 2nd quarter worth about $32,000. Finally, NewSquare Capital LLC raised its holdings in Digital Realty Trust by 149.3% during the 2nd quarter. NewSquare Capital LLC now owns 187 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 112 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

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.