Digital Realty Trust, Inc. (NYSE:DLR) Given Average Rating of “Moderate Buy” by Analysts

Digital Realty Trust, Inc. (NYSE:DLR) has been given an average rating of “Moderate Buy” by the twenty brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $154.00.

A number of brokerages recently commented on DLR. Argus downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Mizuho initiated coverage on shares of Digital Realty Trust in a research note on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price target on the stock. Barclays lifted their price objective on Digital Realty Trust from $123.00 to $130.00 and gave the company an “underweight” rating in a research report on Wednesday, July 24th. TD Cowen dropped their target price on Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Finally, BMO Capital Markets upgraded Digital Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $144.00 to $170.00 in a report on Wednesday, June 26th.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $149.95 on Friday. The company’s fifty day moving average is $151.43 and its two-hundred day moving average is $146.14. The company has a market cap of $46.85 billion, a P/E ratio of 41.65, a price-to-earnings-growth ratio of 4.84 and a beta of 0.60. Digital Realty Trust has a 12-month low of $113.94 and a 12-month high of $162.58. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the company posted $1.68 earnings per share. The firm’s revenue was down .7% on a year-over-year basis. Equities analysts expect that Digital Realty Trust will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.25%. Digital Realty Trust’s payout ratio is presently 135.56%.

Insider Buying and Selling

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the sale, the director now owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.17% of the stock is owned by insiders.

Institutional Trading of Digital Realty Trust

A number of hedge funds have recently bought and sold shares of DLR. Meeder Asset Management Inc. bought a new stake in shares of Digital Realty Trust in the second quarter valued at about $25,000. Gradient Investments LLC lifted its position in shares of Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 76 shares during the period. American Capital Advisory LLC acquired a new stake in shares of Digital Realty Trust during the 2nd quarter worth approximately $27,000. Private Ocean LLC bought a new stake in shares of Digital Realty Trust during the second quarter valued at approximately $27,000. Finally, Rise Advisors LLC raised its stake in shares of Digital Realty Trust by 1,125.0% in the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 180 shares in 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.