HSBC Upgrades Digital Realty Trust (NYSE:DLR) to “Hold”

HSBC upgraded shares of Digital Realty Trust (NYSE:DLR) from a reduce rating to a hold rating in a report released on Friday morning, MarketBeat Ratings reports. They currently have $160.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $124.00.

Several other equities research analysts also recently commented on the stock. Barclays upped their price objective on shares of Digital Realty Trust from $123.00 to $130.00 and gave the company an underweight rating in a report on Wednesday, July 24th. Truist Financial upped their price target on shares of Digital Realty Trust from $160.00 to $168.00 and gave the company a buy rating in a research note on Tuesday, August 13th. JPMorgan Chase & Co. lifted their price objective on shares of Digital Realty Trust from $175.00 to $180.00 and gave the company an overweight rating in a research note on Tuesday, October 1st. 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. Finally, Argus lowered Digital Realty Trust from a buy rating to a hold rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $156.61.

Digital Realty Trust Stock Down 0.3 %

Digital Realty Trust stock opened at $156.47 on Friday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $48.89 billion, a P/E ratio of 43.46, a P/E/G ratio of 5.14 and a beta of 0.60. The firm has a 50 day moving average price of $153.38 and a 200-day moving average price of $148.43. Digital Realty Trust has a twelve month low of $113.94 and a twelve month high of $165.17.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.68 earnings per share. As a group, equities analysts predict that Digital Realty Trust will post 6.65 EPS for the current year.

Digital Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date was Friday, September 13th. Digital Realty Trust’s dividend payout ratio is currently 135.56%.

Insider Buying and Selling at Digital Realty Trust

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Meeder Asset Management Inc. purchased a new stake in shares of Digital Realty Trust in the 2nd quarter valued at $25,000. American Capital Advisory LLC bought a new stake in Digital Realty Trust in the second quarter worth $27,000. Private Ocean LLC bought a new stake in Digital Realty Trust in the second quarter worth $27,000. Gradient Investments LLC grew its stake in shares of Digital Realty Trust by 75.2% during the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 76 shares during the last quarter. Finally, Rise Advisors LLC increased its holdings 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 worth $28,000 after buying an additional 180 shares during the period. 99.71% of the stock is currently 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.