Digital Realty Trust (NYSE:DLR) Price Target Lowered to $185.00 at Truist Financial

Digital Realty Trust (NYSE:DLR) had its price objective trimmed by Truist Financial from $201.00 to $185.00 in a research report released on Monday,Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

A number of other research analysts also recently weighed in on the stock. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Scotiabank raised shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 target price for the company in a research report on Tuesday, February 18th. StockNews.com downgraded shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and increased their target price for the company from $185.00 to $194.00 in a research report on Wednesday, January 15th. Finally, UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their target price for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.11.

Digital Realty Trust Trading Up 3.2 %

Shares of DLR stock opened at $151.67 on Monday. Digital Realty Trust has a 52-week low of $135.54 and a 52-week high of $198.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The company has a 50-day simple moving average of $166.91 and a two-hundred day simple moving average of $169.95. The company has a market capitalization of $51.06 billion, a price-to-earnings ratio of 93.62, a PEG ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Research analysts anticipate that Digital Realty Trust will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid 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 presently 301.23%.

Institutional Trading of Digital Realty Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Sierra Ocean LLC purchased a new stake in Digital Realty Trust in the 4th quarter worth approximately $29,000. FNY Investment Advisers LLC purchased a new stake in shares of Digital Realty Trust during the 4th quarter valued at $35,000. Fairway Wealth LLC purchased a new stake in shares of Digital Realty Trust during the 4th quarter valued at $35,000. Versant Capital Management Inc raised its position 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 valued at $37,000 after buying an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in shares of Digital Realty Trust during the 4th quarter valued at $37,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

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.