Digital Realty Trust (NYSE:DLR) Given New $202.00 Price Target at Truist Financial

Digital Realty Trust (NYSE:DLR) had its price target hoisted by Truist Financial from $168.00 to $202.00 in a research report report published on Tuesday morning,Benzinga reports. Truist Financial currently has a buy rating on the real estate investment trust’s stock.

Other research analysts have also recently issued research reports about the company. Argus cut Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and raised their price target for the stock from $124.00 to $160.00 in a research report on Friday, October 4th. Wells Fargo & Company lifted their target price on Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Evercore ISI boosted their price target on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus restated a “buy” rating and set a $195.00 price target (up from $185.00) on shares of Digital Realty Trust in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $169.47.

Digital Realty Trust Stock Up 0.8 %

DLR opened at $179.67 on Tuesday. Digital Realty Trust has a fifty-two week low of $130.00 and a fifty-two week high of $193.88. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market capitalization of $59.60 billion, a P/E ratio of 150.98, a P/E/G ratio of 4.73 and a beta of 0.59. The stock has a fifty day moving average of $165.93 and a 200-day moving average of $154.52.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the business posted $1.62 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities analysts expect that Digital Realty Trust will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.

Hedge Funds Weigh In On Digital Realty Trust

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Digital Realty Trust by 2.0% during the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock worth $6,986,458,000 after purchasing an additional 951,567 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Digital Realty Trust by 2.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock worth $783,812,000 after purchasing an additional 117,461 shares during the period. Canada Pension Plan Investment Board boosted its stake in Digital Realty Trust by 3.1% in the second quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust’s stock valued at $733,859,000 after acquiring an additional 146,183 shares during the last quarter. Legal & General Group Plc grew its holdings in Digital Realty Trust by 2.8% during the second quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust’s stock valued at $719,222,000 after purchasing an additional 129,799 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Digital Realty Trust by 5.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust’s stock worth $690,498,000 after acquiring an additional 228,585 shares during the last quarter. 99.71% of the stock is 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.