Digital Realty Trust (NYSE:DLR) Price Target Raised to $207.00 at Royal Bank of Canada

Digital Realty Trust (NYSE:DLR) had its target price raised by Royal Bank of Canada from $177.00 to $207.00 in a research report released on Monday morning, Benzinga reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Other analysts have also issued reports about the company. TD Cowen increased their target price on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday. Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Scotiabank increased their target price on Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a report on Friday. Jefferies Financial Group increased their target price on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday. Finally, Wells Fargo & Company increased their target price on Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $167.68.

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $183.31 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.78. The stock’s fifty day moving average price is $158.40 and its two-hundred day moving average price is $151.02. Digital Realty Trust has a one year low of $121.38 and a one year high of $193.88. The firm has a market cap of $57.27 billion, a price-to-earnings ratio of 50.92, a P/E/G ratio of 5.08 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the company earned $1.62 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities analysts forecast that Digital Realty Trust will post 6.65 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders 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 yield of 2.66%. Digital Realty Trust’s dividend payout ratio is presently 135.56%.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the completion of the transaction, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 have recently made changes to their positions in the stock. Trueblood Wealth Management LLC raised its position in shares of Digital Realty Trust by 3.1% during the third quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock worth $334,000 after acquiring an additional 61 shares during the last quarter. Gilman Hill Asset Management LLC raised its position in shares of Digital Realty Trust by 1.1% during the second quarter. Gilman Hill Asset Management LLC now owns 6,179 shares of the real estate investment trust’s stock worth $940,000 after acquiring an additional 65 shares during the last quarter. GHP Investment Advisors Inc. raised its position in shares of Digital Realty Trust by 14.3% during the third quarter. GHP Investment Advisors Inc. now owns 527 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 66 shares during the last quarter. Telos Capital Management Inc. raised its position in shares of Digital Realty Trust by 0.8% during the third quarter. Telos Capital Management Inc. now owns 8,569 shares of the real estate investment trust’s stock worth $1,387,000 after acquiring an additional 71 shares during the last quarter. Finally, Gradient Investments LLC increased its holdings in Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 76 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

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.