Wells Fargo & Company Boosts Digital Realty Trust (NYSE:DLR) Price Target to $135.00

Digital Realty Trust (NYSE:DLRFree Report) had its price target hoisted by Wells Fargo & Company from $125.00 to $135.00 in a report released on Thursday, Benzinga reports. The firm currently has an equal weight rating on the real estate investment trust’s stock.

A number of other research firms have also recently weighed in on DLR. Stifel Nicolaus increased their price objective on shares of Digital Realty Trust from $145.00 to $155.00 and gave the stock a buy rating in a research report on Monday, February 5th. Citigroup increased their price objective on shares of Digital Realty Trust from $136.00 to $154.00 and gave the stock a buy rating in a research report on Friday, December 8th. Barclays increased their price objective on shares of Digital Realty Trust from $97.00 to $110.00 and gave the stock an underweight rating in a research report on Wednesday, January 24th. StockNews.com cut shares of Digital Realty Trust from a hold rating to a sell rating in a research report on Friday, December 8th. Finally, Scotiabank raised shares of Digital Realty Trust from a sector perform rating to a sector outperform rating and increased their price objective for the stock from $132.00 to $157.00 in a research report on Monday, January 22nd. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust currently has a consensus rating of Hold and a consensus target price of $128.93.

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Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $147.19 on Thursday. The firm has a 50 day simple moving average of $137.47 and a 200-day simple moving average of $129.85. Digital Realty Trust has a 1-year low of $86.33 and a 1-year high of $148.00. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market cap of $44.58 billion, a price-to-earnings ratio of 51.29, a price-to-earnings-growth ratio of 1.64 and a beta of 0.54.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 19th. Stockholders of record on Friday, December 15th were paid 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 3.32%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 170.04%.

Institutional Trading of Digital Realty Trust

Several institutional investors have recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. raised its holdings in Digital Realty Trust by 2.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 422,897 shares of the real estate investment trust’s stock valued at $56,913,000 after acquiring an additional 9,801 shares in the last quarter. Skopos Labs Inc. acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth $236,000. Commerce Bank raised its holdings in shares of Digital Realty Trust by 66.2% during the fourth quarter. Commerce Bank now owns 7,868 shares of the real estate investment trust’s stock worth $1,059,000 after purchasing an additional 3,135 shares during the period. US Bancorp DE raised its holdings in shares of Digital Realty Trust by 0.4% during the fourth quarter. US Bancorp DE now owns 211,557 shares of the real estate investment trust’s stock worth $28,471,000 after purchasing an additional 801 shares during the period. Finally, Allstate Corp raised its holdings in shares of Digital Realty Trust by 5.7% during the fourth quarter. Allstate Corp now owns 108,475 shares of the real estate investment trust’s stock worth $14,599,000 after purchasing an additional 5,819 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Company Profile

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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.

Further Reading

Analyst Recommendations for Digital Realty Trust (NYSE:DLR)

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