Digital Realty Trust (NYSE:DLR) Price Target Raised to $118.00

Digital Realty Trust (NYSE:DLR) had its target price lifted by HSBC from $115.00 to $118.00 in a research note issued to investors on Friday morning, Benzinga reports. The firm currently has a reduce rating on the real estate investment trust’s stock.

DLR has been the topic of a number of other research reports. Evercore ISI restated an outperform rating and issued a $154.00 price target on shares of Digital Realty Trust in a research report on Wednesday, March 27th. Morgan Stanley upped their price target on shares of Digital Realty Trust from $100.00 to $108.00 and gave the stock an equal weight rating in a report on Tuesday, April 2nd. Wells Fargo & Company raised shares of Digital Realty Trust from an equal weight rating to an overweight rating and lifted their price objective for the company from $135.00 to $155.00 in a research note on Tuesday, April 9th. Barclays upped their target price on Digital Realty Trust from $110.00 to $119.00 and gave the stock an underweight rating in a research note on Tuesday, March 5th. Finally, StockNews.com lowered Digital Realty Trust from a hold rating to a sell rating in a research note on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $142.65.

Digital Realty Trust Trading Up 4.9 %

Shares of NYSE:DLR opened at $147.00 on Friday. The business’s 50 day simple moving average is $142.27 and its 200 day simple moving average is $137.52. Digital Realty Trust has a 1 year low of $86.33 and a 1 year high of $154.18. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $45.93 billion, a P/E ratio of 40.83, a P/E/G ratio of 3.34 and a beta of 0.55.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.32%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total value of $494,700.00. Following the sale, the director now owns 8,413 shares in the company, valued at approximately $1,224,091.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.39% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Digital Realty Trust

Several institutional investors and hedge funds have recently made changes to their positions in DLR. Operose Advisors LLC bought a new position in shares of Digital Realty Trust during the 3rd quarter worth approximately $27,000. Rise Advisors LLC boosted its stake in Digital Realty Trust by 1,125.0% during the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 180 shares in the last quarter. GoalVest Advisory LLC acquired a new stake in Digital Realty Trust in the first quarter worth $29,000. Baldwin Brothers LLC MA raised its stake in shares of 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 worth $30,000 after purchasing an additional 185 shares during the last quarter. Finally, Bfsg LLC bought a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $31,000. Institutional investors own 99.71% of the company’s stock.

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.