Digital Realty Trust (NYSE:DLR) Hits New 1-Year High at $155.15

Digital Realty Trust, Inc. (NYSE:DLR) hit a new 52-week high during trading on Wednesday . The stock traded as high as $155.15 and last traded at $154.23, with a volume of 49437 shares trading hands. The stock had previously closed at $153.30.

Analysts Set New Price Targets

Several brokerages recently commented on DLR. HSBC increased their price target on Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a research report on Friday, May 3rd. Wells Fargo & Company upgraded Digital Realty Trust from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $135.00 to $155.00 in a research note on Tuesday, April 9th. UBS Group upped their price objective on Digital Realty Trust from $143.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Evercore ISI reiterated an “outperform” rating and set a $154.00 target price on shares of Digital Realty Trust in a research note on Wednesday, March 27th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Digital Realty Trust from $143.00 to $145.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. Three analysts have rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Hold” and an average target price of $150.45.

Digital Realty Trust Stock Performance

The stock has a fifty day simple moving average of $147.10 and a two-hundred day simple moving average of $142.84. The stock has a market cap of $49.28 billion, a price-to-earnings ratio of 43.81, a P/E/G ratio of 20.20 and a beta of 0.59. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.29 and a current ratio of 1.29.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Friday, June 14th. Digital Realty Trust’s dividend payout ratio is presently 135.56%.

Institutional Trading of Digital Realty Trust

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Digital Realty Trust by 2.0% during the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock worth $6,986,458,000 after purchasing an additional 951,567 shares during the last quarter. Norges Bank acquired a new position in shares of Digital Realty Trust during the fourth quarter worth approximately $2,141,890,000. Principal Financial Group Inc. raised its position in shares of Digital Realty Trust by 1.7% during the fourth quarter. Principal Financial Group Inc. now owns 5,829,206 shares of the real estate investment trust’s stock worth $784,495,000 after purchasing an additional 97,509 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Digital Realty Trust by 4.0% during the first quarter. Canada Pension Plan Investment Board now owns 4,680,249 shares of the real estate investment trust’s stock worth $674,143,000 after purchasing an additional 182,100 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Digital Realty Trust by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,236,434 shares of the real estate investment trust’s stock worth $435,559,000 after purchasing an additional 85,262 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Company Profile

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.