Digital Realty Trust (NYSE:DLR) Price Target Raised to $150.00 at Deutsche Bank Aktiengesellschaft

Digital Realty Trust (NYSE:DLRGet Rating) had its target price hoisted by Deutsche Bank Aktiengesellschaft from $144.00 to $150.00 in a research report released on Tuesday, The Fly reports. They currently have a maintains rating on the real estate investment trust’s stock.

DLR has been the subject of several other research reports. Citigroup reduced their price target on shares of Digital Realty Trust from $165.00 to $160.00 and set a buy rating for the company in a report on Friday, June 10th. Wells Fargo & Company reduced their price target on shares of Digital Realty Trust from $165.00 to $155.00 and set a maintains rating for the company in a report on Monday, July 25th. StockNews.com downgraded shares of Digital Realty Trust from a hold rating to a sell rating in a report on Monday, May 2nd. Jefferies Financial Group raised shares of Digital Realty Trust from a hold rating to a buy rating and boosted their price target for the company from $151.00 to $160.00 in a report on Thursday, June 30th. Finally, Morgan Stanley reduced their price target on shares of Digital Realty Trust from $154.00 to $141.00 and set an equal weight rating for the company in a report on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $163.43.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $129.27 on Tuesday. The company has a market cap of $36.80 billion, a PE ratio of 28.35, a P/E/G ratio of 2.85 and a beta of 0.31. The company has a fifty day moving average price of $130.47 and a two-hundred day moving average price of $137.55. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.55 and a quick ratio of 0.59. Digital Realty Trust has a 12 month low of $119.63 and a 12 month high of $178.22.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend was Tuesday, June 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 107.02%.

Insiders Place Their Bets

In related news, EVP David C. Ruberg sold 50,000 shares of Digital Realty Trust stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $137.55, for a total value of $6,877,500.00. Following the transaction, the executive vice president now owns 200,000 shares of the company’s stock, valued at approximately $27,510,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Dyer Corey sold 2,504 shares of Digital Realty Trust stock in a transaction dated Friday, June 24th. The stock was sold at an average price of $137.27, for a total value of $343,724.08. Following the transaction, the executive vice president now owns 11,689 shares of the company’s stock, valued at approximately $1,604,549.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David C. Ruberg sold 50,000 shares of Digital Realty Trust stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $137.55, for a total value of $6,877,500.00. Following the transaction, the executive vice president now directly owns 200,000 shares in the company, valued at approximately $27,510,000. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

Hedge Funds Weigh In On Digital Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of DLR. Norges Bank purchased a new position in Digital Realty Trust during the 4th quarter valued at about $376,609,000. Deutsche Bank AG grew its stake in Digital Realty Trust by 251.0% during the 4th quarter. Deutsche Bank AG now owns 2,260,528 shares of the real estate investment trust’s stock valued at $399,820,000 after acquiring an additional 1,616,524 shares in the last quarter. State Street Corp grew its stake in Digital Realty Trust by 8.0% during the 1st quarter. State Street Corp now owns 19,146,859 shares of the real estate investment trust’s stock valued at $2,715,025,000 after acquiring an additional 1,425,990 shares in the last quarter. BlackRock Inc. grew its stake in Digital Realty Trust by 5.3% during the 4th quarter. BlackRock Inc. now owns 27,078,699 shares of the real estate investment trust’s stock valued at $4,789,409,000 after acquiring an additional 1,360,474 shares in the last quarter. Finally, Cohen & Steers Inc. grew its stake in Digital Realty Trust by 8.5% during the 1st quarter. Cohen & Steers Inc. now owns 13,978,576 shares of the real estate investment trust’s stock valued at $1,982,504,000 after acquiring an additional 1,100,311 shares in the last quarter. Hedge funds and other institutional investors own 98.53% of the company’s stock.

About Digital Realty Trust

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Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITALR, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture PDxTM solution methodology for scaling digital business and efficiently managing data gravity challenges.

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