Barclays Issues Pessimistic Forecast for Digital Realty Trust (NYSE:DLR) Stock Price

Digital Realty Trust (NYSE:DLR) had its price target decreased by Barclays from $142.00 to $139.00 in a research report report published on Thursday morning,Benzinga reports. Barclays currently has an underweight rating on the real estate investment trust’s stock.

Several other research firms have also recently commented on DLR. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. JPMorgan Chase & Co. raised their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. JMP Securities reaffirmed a “market outperform” rating and issued a $220.00 target price on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Wells Fargo & Company reduced their price target on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, StockNews.com downgraded Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and an average target price of $179.95.

Digital Realty Trust Stock Performance

Shares of DLR opened at $151.40 on Thursday. Digital Realty Trust has a one year low of $135.54 and a one year high of $198.00. The company has a 50-day moving average of $163.27 and a two-hundred day moving average of $169.78. The stock has a market cap of $50.97 billion, a price-to-earnings ratio of 93.46, a PEG ratio of 4.38 and a beta of 0.65. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. On average, equities research analysts expect that Digital Realty Trust will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.22%. The ex-dividend date is Friday, March 14th. Digital Realty Trust’s dividend payout ratio is currently 301.23%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DLR. Sierra Ocean LLC bought a new position in Digital Realty Trust in the 4th quarter worth approximately $29,000. FNY Investment Advisers LLC bought a new position in Digital Realty Trust in the 4th quarter worth approximately $35,000. Fairway Wealth LLC bought a new stake in shares of Digital Realty Trust in the 4th quarter worth approximately $35,000. Versant Capital Management Inc grew its holdings in shares of Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC bought a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $37,000. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.