Digital Realty Trust (NYSE:DLR) Stock Rating Upgraded by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust (NYSE:DLR) from a hold rating to a buy rating in a research report released on Wednesday, MarketBeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has $194.00 price target on the real estate investment trust’s stock, up from their prior price target of $185.00.

Several other research firms also recently issued reports on DLR. Royal Bank of Canada lifted their price objective on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Evercore ISI lifted their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their price objective for the company from $124.00 to $160.00 in a research note on Friday, October 4th. Stifel Nicolaus boosted their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Raymond James increased their price target on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.32.

Digital Realty Trust Price Performance

DLR stock opened at $174.78 on Wednesday. The firm has a market cap of $57.98 billion, a P/E ratio of 146.87, a price-to-earnings-growth ratio of 4.35 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. Digital Realty Trust has a 1 year low of $131.42 and a 1 year high of $198.00. The stock has a 50-day simple moving average of $183.21 and a 200-day simple moving average of $166.36.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the business earned $1.62 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts predict that Digital Realty Trust will post 6.71 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 13th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Friday, December 13th. Digital Realty Trust’s dividend payout ratio is currently 410.08%.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction dated 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 legal filing with the SEC, which is accessible through this hyperlink. 0.17% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DLR. Federated Hermes Inc. lifted its position in Digital Realty Trust by 49.9% in the second quarter. Federated Hermes Inc. now owns 6,931 shares of the real estate investment trust’s stock worth $1,054,000 after purchasing an additional 2,307 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Digital Realty Trust by 0.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 391,051 shares of the real estate investment trust’s stock worth $59,459,000 after buying an additional 2,479 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Digital Realty Trust by 543.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust’s stock valued at $220,068,000 after buying an additional 1,773,591 shares during the period. Renaissance Technologies LLC bought a new position in Digital Realty Trust during the second quarter valued at about $9,105,000. Finally, Mutual of America Capital Management LLC grew its holdings in Digital Realty Trust by 2.9% during the second quarter. Mutual of America Capital Management LLC now owns 43,796 shares of the real estate investment trust’s stock worth $6,659,000 after acquiring an additional 1,217 shares during the period. 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.