Digital Realty Trust (NYSE:DLR) Given New $202.00 Price Target at Truist Financial

Digital Realty Trust (NYSE:DLR) had its price objective lifted by Truist Financial from $168.00 to $202.00 in a research note released on Tuesday,Benzinga reports. The firm currently has a buy rating on the real estate investment trust’s stock.

DLR has been the topic of a number of other reports. Hsbc Global Res upgraded shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their price target for the company from $124.00 to $160.00 in a research report on Friday, October 4th. Argus downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Scotiabank increased their price target on shares of Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $195.00 price target (up from $185.00) on shares of Digital Realty Trust in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Digital Realty Trust currently has an average rating of “Hold” and a consensus target price of $169.47.

Digital Realty Trust Stock Up 0.8 %

Shares of NYSE DLR opened at $179.67 on Tuesday. 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 12-month low of $130.00 and a 12-month high of $193.88. The company has a market cap of $59.60 billion, a price-to-earnings ratio of 150.98, a price-to-earnings-growth ratio of 4.73 and a beta of 0.59. The firm’s 50-day simple moving average is $165.93 and its 200 day simple moving average is $154.52.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the company posted $1.62 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, research analysts expect that Digital Realty Trust will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be paid a dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.72%. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Hedge Funds Weigh In On Digital Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. grew its stake in shares of Digital Realty Trust by 102.1% in the first quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock valued at $2,813,000 after buying an additional 9,865 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Digital Realty Trust by 295.5% during the 1st quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock valued at $4,561,000 after purchasing an additional 23,659 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in Digital Realty Trust by 652.4% during the 2nd quarter. QRG Capital Management Inc. now owns 29,292 shares of the real estate investment trust’s stock valued at $4,454,000 after purchasing an additional 25,399 shares during the last quarter. Choreo LLC lifted its holdings 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 last quarter. Finally, Sei Investments Co. lifted its holdings in Digital Realty Trust by 11.2% during the 2nd quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust’s stock valued at $222,886,000 after purchasing an additional 147,689 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

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.