Barclays Boosts Digital Realty Trust (NYSE:DLR) Price Target to $130.00

Digital Realty Trust (NYSE:DLR) had its price target lifted by Barclays from $123.00 to $130.00 in a research note released on Wednesday, Benzinga reports. They currently have an underweight rating on the real estate investment trust’s stock.

DLR has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Digital Realty Trust from $143.00 to $145.00 and gave the company a hold rating in a research report on Thursday, May 30th. BMO Capital Markets upgraded shares of Digital Realty Trust from a market perform rating to an outperform rating and boosted their price objective for the company from $144.00 to $170.00 in a research report on Wednesday, June 26th. Morgan Stanley boosted their price objective on shares of Digital Realty Trust from $100.00 to $108.00 and gave the company an equal weight rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. upgraded shares of Digital Realty Trust from a neutral rating to an overweight rating and boosted their price objective for the company from $150.00 to $175.00 in a research report on Friday, June 28th. Finally, Wells Fargo & Company boosted their price objective on shares of Digital Realty Trust from $155.00 to $170.00 and gave the company an overweight rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $152.20.

Digital Realty Trust Trading Down 1.2 %

Shares of DLR opened at $145.65 on Wednesday. The company’s fifty day moving average is $149.57 and its 200 day moving average is $144.40. Digital Realty Trust has a fifty-two week low of $113.94 and a fifty-two week high of $162.58. The stock has a market capitalization of $45.51 billion, a PE ratio of 40.46, a P/E/G ratio of 10.99 and a beta of 0.59. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.29 and a current ratio of 1.29.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Friday, June 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Institutional Trading of Digital Realty Trust

A number of hedge funds have recently added to or reduced their stakes in DLR. Vanguard Group Inc. lifted its position in shares of Digital Realty Trust by 2.0% during the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock valued at $6,986,458,000 after buying an additional 951,567 shares during the last quarter. Norges Bank purchased a new stake in shares of Digital Realty Trust during the fourth quarter valued at about $2,141,890,000. Principal Financial Group Inc. lifted its position in shares of Digital Realty Trust by 1.7% during the fourth quarter. Principal Financial Group Inc. now owns 5,829,206 shares of the real estate investment trust’s stock valued at $784,495,000 after buying an additional 97,509 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Digital Realty Trust by 4.0% during the first quarter. Canada Pension Plan Investment Board now owns 4,680,249 shares of the real estate investment trust’s stock valued at $674,143,000 after buying an additional 182,100 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Digital Realty Trust by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,236,434 shares of the real estate investment trust’s stock valued at $435,559,000 after buying an additional 85,262 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other 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.