Brokerages Set Digital Realty Trust, Inc. (NYSE:DLR) Target Price at $178.89

Shares of Digital Realty Trust, Inc. (NYSE:DLR) have received an average rating of “Moderate Buy” from the twenty-three research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $180.95.

Several brokerages recently weighed in on DLR. Royal Bank of Canada lifted their price target on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a research note on Monday. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Raymond James boosted their price objective on Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th. Finally, Evercore ISI boosted their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd.

Digital Realty Trust Price Performance

Shares of Digital Realty Trust stock opened at $162.12 on Monday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust has a twelve month low of $131.42 and a twelve month high of $198.00. The business has a 50-day moving average price of $182.49 and a 200 day moving average price of $167.98. The firm has a market cap of $53.78 billion, a PE ratio of 136.23, a P/E/G ratio of 4.64 and a beta of 0.64.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 13th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

Insider Activity at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.17% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Adirondack Trust Co. lifted its stake in Digital Realty Trust by 68.6% during the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 81 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Digital Realty Trust during the fourth quarter worth $35,000. Versant Capital Management Inc raised its stake in shares of Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 173 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Digital Realty Trust in the third quarter valued at $38,000. Finally, First Financial Corp IN acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at $42,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Company Profile

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.