Digital Realty Trust (NYSE:DLR) Upgraded to “Overweight” by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Digital Realty Trust (NYSE:DLR) from a neutral rating to an overweight rating in a research report sent to investors on Friday morning, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has $175.00 price target on the real estate investment trust’s stock, up from their prior price target of $150.00.

Several other analysts also recently weighed in on DLR. UBS Group lifted their target price on shares of Digital Realty Trust from $143.00 to $147.00 and gave the company a neutral rating in a report on Friday, May 3rd. Morgan Stanley upped their price objective on Digital Realty Trust from $100.00 to $108.00 and gave the stock an equal weight rating in a report on Tuesday, April 2nd. Evercore ISI reiterated an outperform rating and issued a $154.00 price target on shares of Digital Realty Trust in a report on Wednesday, March 27th. Truist Financial upped their price target on shares of Digital Realty Trust from $145.00 to $158.00 and gave the company a buy rating in a report on Monday, March 18th. Finally, BMO Capital Markets upgraded Digital Realty Trust from a market perform rating to an outperform rating and lifted their price objective for the stock from $144.00 to $170.00 in a research report on Wednesday, June 26th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of Hold and a consensus price target of $149.42.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $152.10 on Friday. The stock has a fifty day moving average price of $144.67 and a 200 day moving average price of $141.72. Digital Realty Trust has a 1-year low of $112.38 and a 1-year high of $154.18. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $47.52 billion, a PE ratio of 42.25, a P/E/G ratio of 19.91 and a beta of 0.57.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $1.22 per share. The ex-dividend date was Friday, June 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.21%. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Bright Futures Wealth Management LLC. bought a new stake in shares of Digital Realty Trust in the 1st quarter worth about $1,038,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of Digital Realty Trust by 4.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 288,395 shares of the real estate investment trust’s stock worth $41,884,000 after purchasing an additional 11,417 shares during the last quarter. Cambridge Trust Co. grew its stake in Digital Realty Trust by 3.5% during the 1st quarter. Cambridge Trust Co. now owns 23,052 shares of the real estate investment trust’s stock worth $3,320,000 after buying an additional 769 shares during the last quarter. Pathway Financial Advisers LLC bought a new stake in Digital Realty Trust in the first quarter valued at $1,719,000. Finally, Cetera Advisors LLC grew its position in shares of Digital Realty Trust by 26.9% during the first quarter. Cetera Advisors LLC now owns 11,145 shares of the real estate investment trust’s stock worth $1,605,000 after acquiring an additional 2,361 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

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.