Shares of Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twenty-one ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $157.17.
Several brokerages have recently commented on DLR. JPMorgan Chase & Co. boosted their target price on Digital Realty Trust from $175.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday, October 1st. Truist Financial lifted their price objective on shares of Digital Realty Trust from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Tuesday, August 13th. The Goldman Sachs Group began coverage on Digital Realty Trust in a report on Monday, July 1st. They issued a "buy" rating and a $175.00 price target for the company. Wells Fargo & Company raised their price objective on shares of Digital Realty Trust from $170.00 to $175.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Stifel Nicolaus boosted their price objective on shares of Digital Realty Trust from $165.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, July 12th.
View Our Latest Analysis on DLR
Shares of Digital Realty Trust stock opened at $165.35 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81. The company has a market cap of $51.66 billion, a price-to-earnings ratio of 45.93, a PEG ratio of 5.08 and a beta of 0.60. The company's fifty day simple moving average is $155.83 and its 200-day simple moving average is $149.69. Digital Realty Trust has a 1 year low of $113.94 and a 1 year high of $165.65.
Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $1.63 by ($1.43). The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The firm's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.68 earnings per share. As a group, sell-side analysts expect that Digital Realty Trust will post 6.65 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $1.22 dividend. The ex-dividend date was Friday, September 13th. This represents a $4.88 annualized dividend and a yield of 2.95%. Digital Realty Trust's payout ratio is 135.56%.
In related news, Director Jean F. H. P. Mandeville sold 600 shares of the business's 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 sale, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.17% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of DLR. Meeder Asset Management Inc. purchased a new position in shares of Digital Realty Trust in the second quarter valued at $25,000. American Capital Advisory LLC bought a new stake in shares of Digital Realty Trust during the second quarter valued at about $27,000. Private Ocean LLC bought a new stake in shares of Digital Realty Trust during the second quarter valued at about $27,000. Gradient Investments LLC lifted its holdings 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 worth $27,000 after buying an additional 76 shares in the last quarter. Finally, Rise Advisors LLC boosted its position 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 acquiring an additional 180 shares during the period. 99.71% of the stock is owned by institutional investors.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Digital Realty Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Digital Realty Trust wasn't on the list.
While Digital Realty Trust currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.