Stifel Nicolaus Boosts Digital Realty Trust (NYSE:DLR) Price Target to $155.00

Digital Realty Trust (NYSE:DLRFree Report) had its target price raised by Stifel Nicolaus from $145.00 to $155.00 in a research note published on Monday, Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

A number of other research firms have also recently commented on DLR. Morgan Stanley upped their target price on shares of Digital Realty Trust from $98.00 to $100.00 and gave the company an equal weight rating in a research report on Friday, December 8th. KeyCorp initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, December 6th. They issued a sector weight rating on the stock. StockNews.com cut shares of Digital Realty Trust from a hold rating to a sell rating in a research report on Friday, December 8th. HSBC started coverage on shares of Digital Realty Trust in a research report on Friday, December 1st. They issued a reduce rating and a $112.00 target price on the stock. Finally, Scotiabank raised shares of Digital Realty Trust from a sector perform rating to a sector outperform rating and increased their price target for the stock from $132.00 to $157.00 in a research report on Monday, January 22nd. Four analysts have rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $126.93.

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Digital Realty Trust Trading Up 0.9 %

Shares of DLR opened at $145.52 on Monday. The firm has a 50-day moving average price of $137.14 and a 200 day moving average price of $129.50. Digital Realty Trust has a 12-month low of $86.33 and a 12-month high of $146.20. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $44.07 billion, a P/E ratio of 50.70, a P/E/G ratio of 1.61 and a beta of 0.54.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 19th. Stockholders of record on Friday, December 15th were issued a $1.22 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.35%. Digital Realty Trust’s dividend payout ratio (DPR) is 170.04%.

Institutional Investors Weigh In On Digital Realty Trust

Several hedge funds have recently modified their holdings of DLR. Vanguard Group Inc. increased its position in Digital Realty Trust by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust’s stock worth $5,735,240,000 after purchasing an additional 971,032 shares during the last quarter. BlackRock Inc. boosted its stake in Digital Realty Trust by 11.8% during the 2nd quarter. BlackRock Inc. now owns 30,815,132 shares of the real estate investment trust’s stock valued at $3,508,919,000 after purchasing an additional 3,245,264 shares during the period. State Street Corp boosted its stake in Digital Realty Trust by 2.3% during the 2nd quarter. State Street Corp now owns 20,596,456 shares of the real estate investment trust’s stock valued at $2,345,318,000 after purchasing an additional 464,694 shares during the period. FMR LLC lifted its position in shares of Digital Realty Trust by 4.8% in the 3rd quarter. FMR LLC now owns 8,647,509 shares of the real estate investment trust’s stock worth $1,046,522,000 after acquiring an additional 394,682 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Digital Realty Trust by 74.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,324,758 shares of the real estate investment trust’s stock worth $834,070,000 after acquiring an additional 3,118,791 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

About Digital Realty Trust

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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.

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Analyst Recommendations for Digital Realty Trust (NYSE:DLR)

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