Brokerages Set Digital Realty Trust, Inc. (NYSE:DLR) Target Price at $141.47

Digital Realty Trust, Inc. (NYSE:DLR) has been assigned an average rating of “Hold” from the fifteen research firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $142.00.

DLR has been the topic of several recent research reports. Raymond James lifted their price objective on shares of Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 16th. Evercore ISI reaffirmed an “outperform” rating and issued a $154.00 price objective on shares of Digital Realty Trust in a research note on Wednesday, March 27th. Morgan Stanley lifted their target price on shares of Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Truist Financial lifted their target price on shares of Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, Scotiabank downgraded shares of Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 target price on the stock. in a research report on Friday, February 16th.

Digital Realty Trust Stock Performance

Shares of DLR opened at $139.86 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $43.68 billion, a price-to-earnings ratio of 47.89, a PEG ratio of 3.17 and a beta of 0.54. The company’s 50 day simple moving average is $143.07 and its 200 day simple moving average is $134.51. Digital Realty Trust has a 1 year low of $86.33 and a 1 year high of $154.18.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $1.22 per share. The ex-dividend date was Thursday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.49%. Digital Realty Trust’s dividend payout ratio is 164.31%.

Insider Buying and Selling

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of Digital Realty Trust stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total transaction of $494,700.00. Following the transaction, the director now owns 8,413 shares in the company, valued at $1,224,091.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.39% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Digital Realty Trust

Institutional investors have recently added to or reduced their stakes in the company. Operose Advisors LLC purchased a new position in Digital Realty Trust in the third quarter valued at about $27,000. Carolinas Wealth Consulting LLC boosted its stake in Digital Realty Trust by 156.1% in the first quarter. Carolinas Wealth Consulting LLC now owns 274 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 167 shares during the last quarter. Clear Street Markets LLC boosted its stake in Digital Realty Trust by 28,900.0% in the fourth quarter. Clear Street Markets LLC now owns 290 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 289 shares during the last quarter. Baldwin Brothers LLC MA boosted its stake in Digital Realty Trust by 528.6% in the fourth quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 185 shares during the last quarter. Finally, Bfsg LLC purchased a new position in Digital Realty Trust in the fourth quarter valued at about $31,000. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Company Profile

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.