Digital Realty Trust (NYSE:DLR) Given New $128.00 Price Target at TD Cowen

Digital Realty Trust (NYSE:DLR) had its price target increased by TD Cowen from $120.00 to $128.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

DLR has been the subject of a number of other research reports. JPMorgan Chase & Co. boosted their price objective on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday. Scotiabank upped their price objective on Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a report on Friday. Truist Financial increased their price objective on Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Evercore ISI upped their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $195.00 price objective (up previously from $185.00) on shares of Digital Realty Trust in a research note on Friday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $165.21.

Digital Realty Trust Trading Up 9.6 %

Shares of Digital Realty Trust stock opened at $181.01 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.78. The business has a fifty day simple moving average of $157.08 and a two-hundred day simple moving average of $150.38. Digital Realty Trust has a 1 year low of $116.73 and a 1 year high of $193.88. The company has a market capitalization of $56.55 billion, a price-to-earnings ratio of 50.28, a P/E/G ratio of 5.08 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the business posted $1.68 EPS. The business’s quarterly revenue was down .7% compared to the same quarter last year. Research analysts forecast that Digital Realty Trust will post 6.65 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend was Friday, September 13th. Digital Realty Trust’s dividend payout ratio is presently 135.56%.

Insiders Place Their Bets

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the sale, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DLR. Meeder Asset Management Inc. acquired a new position in Digital Realty Trust in the 2nd quarter worth about $25,000. Gradient Investments LLC grew its holdings in shares of Digital Realty Trust by 75.2% during the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 76 shares during the last quarter. American Capital Advisory LLC acquired a new position in shares of Digital Realty Trust in the second quarter valued at approximately $27,000. Private Ocean LLC acquired a new position in shares of Digital Realty Trust in the second quarter valued at approximately $27,000. Finally, Asset Dedication LLC bought a new position in Digital Realty Trust in the 2nd quarter valued at approximately $31,000. 99.71% of the stock is currently 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.