Digital Realty Trust (NYSE:DLR) Price Target Raised to $175.00 at Evercore ISI

Digital Realty Trust (NYSE:DLR) had its price target hoisted by Evercore ISI from $160.00 to $175.00 in a report released on Wednesday, Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

A number of other research firms have also recently weighed in on DLR. Wells Fargo & Company increased their price target on Digital Realty Trust from $170.00 to $175.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Argus downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. raised their price target on Digital Realty Trust from $175.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Truist Financial upped their price objective on Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Finally, Mizuho began coverage on Digital Realty Trust in a research report on Thursday, July 11th. They set an “outperform” rating and a $170.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $158.33.

Digital Realty Trust Price Performance

DLR stock opened at $165.80 on Wednesday. Digital Realty Trust has a 1 year low of $116.18 and a 1 year high of $166.57. 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 firm has a market capitalization of $51.80 billion, a PE ratio of 46.06, a price-to-earnings-growth ratio of 5.08 and a beta of 0.60. The business has a 50 day simple moving average of $156.77 and a 200-day simple moving average of $150.27.

Digital Realty Trust (NYSE:DLR) last issued its earnings results 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 net margin of 20.58% and a return on equity of 5.93%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the company earned $1.68 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. Equities research analysts anticipate that Digital Realty Trust will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.94%. The ex-dividend date was Friday, September 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the completion of the transaction, the director now owns 9,055 shares in the company, valued at approximately $1,360,604.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Digital Realty Trust

A number of large investors have recently modified their holdings of DLR. Meeder Asset Management Inc. acquired a new position in Digital Realty Trust during the second quarter worth $25,000. Gradient Investments LLC lifted its stake in shares of 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 valued at $27,000 after purchasing an additional 76 shares during the period. American Capital Advisory LLC purchased a new stake in Digital Realty Trust during the second quarter worth about $27,000. Private Ocean LLC acquired a new position in Digital Realty Trust during the second quarter worth about $27,000. Finally, GoalVest Advisory LLC purchased a new position in Digital Realty Trust in the first quarter valued at about $29,000. 99.71% of the stock is owned by hedge funds and other 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.