Digital Realty Trust (NYSE:DLR) Upgraded to “Strong-Buy” at Citizens Jmp

Citizens Jmp upgraded shares of Digital Realty Trust (NYSE:DLR) to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.

Several other research analysts have also weighed in on DLR. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their price target for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. JMP Securities assumed coverage on shares of Digital Realty Trust in a research report on Monday. They set an “outperform” rating and a $220.00 price target on the stock. Wells Fargo & Company boosted their price objective on shares of Digital Realty Trust from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Evercore ISI upped their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Jefferies Financial Group lifted their price target on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $180.95.

Digital Realty Trust Price Performance

NYSE:DLR opened at $164.46 on Monday. Digital Realty Trust has a 52-week low of $131.42 and a 52-week high of $198.00. The company has a market cap of $54.55 billion, a P/E ratio of 138.20, a P/E/G ratio of 4.64 and a beta of 0.64. 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 stock’s 50-day simple moving average is $183.37 and its 200 day simple moving average is $167.90.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, December 13th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust’s dividend payout ratio is presently 410.08%.

Insider Activity

In related news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Digital Realty Trust by 501.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock worth $700,224,000 after acquiring an additional 3,607,802 shares during the last quarter. Pathway Financial Advisers LLC raised its holdings in Digital Realty Trust by 15,301.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock valued at $299,433,000 after buying an additional 1,838,278 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Digital Realty Trust during the 3rd quarter worth approximately $132,980,000. Ghisallo Capital Management LLC bought a new stake in Digital Realty Trust during the 2nd quarter worth approximately $76,025,000. Finally, Sycomore Asset Management acquired a new position in shares of Digital Realty Trust during the third quarter worth $80,915,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

About Digital Realty Trust

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.