Evercore ISI Raises Digital Realty Trust (NYSE:DLR) Price Target to $175.00

Digital Realty Trust (NYSE:DLR) had its price target upped by Evercore ISI from $160.00 to $175.00 in a research note released on Wednesday, Benzinga reports. Evercore ISI currently has an outperform rating on the real estate investment trust’s stock.

A number of other research analysts have also recently weighed in on the stock. Truist Financial lifted their price target on shares of Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Mizuho started coverage on Digital Realty Trust in a research report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price objective on the stock. TD Cowen decreased their target price on Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, July 26th. Finally, Wells Fargo & Company raised their target price on Digital Realty Trust from $170.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $165.21.

Digital Realty Trust Trading Up 9.6 %

DLR stock opened at $181.01 on Wednesday. Digital Realty Trust has a 52 week low of $116.73 and a 52 week high of $193.88. The company has a market cap of $56.55 billion, a price-to-earnings ratio of 50.28, a PEG ratio of 5.08 and a beta of 0.60. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. The business has a fifty day simple moving average of $157.70 and a 200-day simple moving average of $150.67.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the business earned $1.68 earnings per share. The business’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities research analysts expect that Digital Realty Trust will post 6.65 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $1.22 dividend. The ex-dividend date was Friday, September 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.70%. Digital Realty Trust’s payout ratio is 135.56%.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the sale, the director now owns 9,055 shares in the company, valued at $1,360,604.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Digital Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. boosted its position in Digital Realty Trust by 102.1% during the 1st quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock valued at $2,813,000 after purchasing an additional 9,865 shares during the period. Cetera Investment Advisers grew its position in shares of Digital Realty Trust by 295.5% during the first quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock worth $4,561,000 after acquiring an additional 23,659 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Digital Realty Trust by 652.4% in the 2nd quarter. QRG Capital Management Inc. now owns 29,292 shares of the real estate investment trust’s stock worth $4,454,000 after acquiring an additional 25,399 shares during the period. Choreo LLC boosted its stake in Digital Realty Trust by 86.8% during the 2nd quarter. Choreo LLC now owns 8,782 shares of the real estate investment trust’s stock valued at $1,336,000 after purchasing an additional 4,081 shares during the period. Finally, Sei Investments Co. grew its position in Digital Realty Trust by 11.2% in the 2nd quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust’s stock worth $222,886,000 after purchasing an additional 147,689 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

About Digital Realty Trust

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.