Digital Realty Trust (NYSE:DLR) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Digital Realty Trust (NYSE:DLR) in a report issued on Monday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $175.00 target price on the real estate investment trust’s stock.

A number of other equities analysts also recently issued reports on DLR. BMO Capital Markets upgraded Digital Realty Trust from a market perform rating to an outperform rating and raised their price target for the stock from $144.00 to $170.00 in a research note on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft lifted their target price on Digital Realty Trust from $143.00 to $145.00 and gave the company a hold rating in a research report on Thursday, May 30th. HSBC lifted their target price on Digital Realty Trust from $115.00 to $118.00 and gave the company a reduce rating in a research report on Friday, May 3rd. UBS Group lifted their target price on Digital Realty Trust from $143.00 to $147.00 and gave the company a neutral rating in a research report on Friday, May 3rd. Finally, Evercore ISI reiterated an outperform rating and set a $154.00 target price on shares of Digital Realty Trust in a research report on Wednesday, March 27th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $149.42.

Digital Realty Trust Stock Performance

DLR stock opened at $151.76 on Monday. The company has a market cap of $47.41 billion, a P/E ratio of 42.56, a price-to-earnings-growth ratio of 19.91 and a beta of 0.59. Digital Realty Trust has a 1 year low of $112.38 and a 1 year high of $154.18. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.29 and a quick ratio of 1.29. The stock’s fifty day moving average price is $145.28 and its 200-day moving average price is $142.00.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $1.22 dividend. The ex-dividend date was Friday, June 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.22%. Digital Realty Trust’s dividend payout ratio (DPR) is 135.56%.

Institutional Investors Weigh In On Digital Realty Trust

Several large investors have recently made changes to their positions in DLR. Bank of Nova Scotia increased its holdings in shares of Digital Realty Trust by 3.4% in the third quarter. Bank of Nova Scotia now owns 24,377 shares of the real estate investment trust’s stock worth $2,950,000 after purchasing an additional 804 shares during the last quarter. Gotham Asset Management LLC increased its holdings in shares of Digital Realty Trust by 7.4% in the third quarter. Gotham Asset Management LLC now owns 28,159 shares of the real estate investment trust’s stock worth $3,408,000 after purchasing an additional 1,946 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Digital Realty Trust by 11.2% in the third quarter. AQR Capital Management LLC now owns 63,609 shares of the real estate investment trust’s stock worth $7,698,000 after purchasing an additional 6,417 shares during the last quarter. Glenmede Trust Co. NA increased its holdings in shares of Digital Realty Trust by 7.2% in the third quarter. Glenmede Trust Co. NA now owns 10,439 shares of the real estate investment trust’s stock worth $1,263,000 after purchasing an additional 697 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Digital Realty Trust by 27.1% during the third quarter. Advisors Asset Management Inc. now owns 22,125 shares of the real estate investment trust’s stock worth $2,678,000 after acquiring an additional 4,712 shares during 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.