Digital Realty Trust (NYSE:DLR) Raised to “Outperform” at BMO Capital Markets

BMO Capital Markets upgraded shares of Digital Realty Trust (NYSE:DLR) from a market perform rating to an outperform rating in a research note published on Wednesday morning, MarketBeat.com reports. BMO Capital Markets currently has $170.00 target price on the real estate investment trust’s stock, up from their previous target price of $144.00.

Several other equities research analysts also recently weighed in on DLR. TD Cowen increased their target price on shares of Digital Realty Trust from $116.00 to $122.00 and gave the company a hold rating in a research note on Friday, May 3rd. Wells Fargo & Company upgraded shares of Digital Realty Trust from an equal weight rating to an overweight rating and lifted their price objective for the company from $135.00 to $155.00 in a report on Tuesday, April 9th. Barclays raised their price target on Digital Realty Trust from $119.00 to $123.00 and gave the company an underweight rating in a research note on Thursday, May 30th. Truist Financial boosted their price target on Digital Realty Trust from $145.00 to $158.00 and gave the stock a buy rating in a research report on Monday, March 18th. Finally, Citigroup increased their price target on shares of Digital Realty Trust from $154.00 to $160.00 and gave the company a buy rating in a research report on Thursday, February 29th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $148.00.

Digital Realty Trust Stock Performance

Shares of NYSE:DLR opened at $152.05 on Wednesday. The stock has a market capitalization of $47.50 billion, a P/E ratio of 42.24, a PEG ratio of 19.47 and a beta of 0.57. Digital Realty Trust has a 52 week low of $108.68 and a 52 week high of $154.18. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.91. The firm has a fifty day simple moving average of $144.67 and a two-hundred day simple moving average of $141.68.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $1.22 dividend. The ex-dividend date was Friday, June 14th. This represents a $4.88 annualized dividend and a yield of 3.21%. Digital Realty Trust’s dividend payout ratio is presently 135.56%.

Hedge Funds Weigh In On Digital Realty Trust

Large investors have recently made changes to their positions in the company. Operose Advisors LLC purchased a new position in shares of Digital Realty Trust in the 3rd quarter valued at about $27,000. Rise Advisors LLC increased its stake in shares of Digital Realty Trust by 1,125.0% during the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 180 shares in the last quarter. GoalVest Advisory LLC acquired a new position in shares of Digital Realty Trust during the 1st quarter worth about $29,000. Baldwin Brothers LLC MA boosted its holdings in Digital Realty Trust by 528.6% in the 4th quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 185 shares during the last quarter. Finally, Bfsg LLC acquired a new stake in shares of Digital Realty Trust in the fourth quarter worth approximately $31,000. 99.71% of the stock is currently 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.