Brokerages Set Digital Realty Trust, Inc. (NYSE:DLR) PT at $178.89

Digital Realty Trust, Inc. (NYSE:DLR) has been given an average rating of “Moderate Buy” by the twenty-three brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, fourteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $180.95.

Several research analysts have recently commented on the company. JMP Securities initiated coverage on Digital Realty Trust in a report on Monday, January 27th. They set an “outperform” rating and a $220.00 price objective for the company. Stifel Nicolaus lifted their price target on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Evercore ISI increased 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 report on Wednesday, October 23rd. Finally, Royal Bank of Canada boosted their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, October 28th.

Insider Buying and Selling

In other news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is owned by insiders.

Institutional Investors Weigh In On Digital Realty Trust

A number of institutional investors have recently modified their holdings of the stock. Clear Creek Financial Management LLC grew its position in Digital Realty Trust by 1.6% during the 3rd quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust’s stock valued at $621,000 after purchasing an additional 59 shares during the last quarter. OneDigital Investment Advisors LLC boosted its holdings in shares of Digital Realty Trust by 3.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock valued at $305,000 after acquiring an additional 59 shares during the last quarter. Trueblood Wealth Management LLC grew its position in Digital Realty Trust by 3.1% in the 3rd quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock worth $334,000 after purchasing an additional 61 shares during the period. Stolper Co increased its position in Digital Realty Trust by 0.5% during the fourth quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock valued at $2,243,000 after acquiring an additional 64 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its stake in shares of Digital Realty Trust by 1.5% during the 4th quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust’s stock valued at $769,000 after purchasing an additional 64 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Trading Down 0.3 %

Digital Realty Trust stock opened at $163.80 on Monday. The stock has a market cap of $54.33 billion, a P/E ratio of 137.65, a PEG ratio of 4.11 and a beta of 0.64. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The firm’s fifty day moving average price is $181.55 and its 200-day moving average price is $167.91. Digital Realty Trust has a fifty-two week low of $131.42 and a fifty-two week high of $198.00.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, December 13th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend was Friday, December 13th. Digital Realty Trust’s payout ratio is presently 410.08%.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.