Digital Realty Trust, Inc. (NYSE:DLR) Receives Consensus Rating of “Hold” from Brokerages

Digital Realty Trust, Inc. (NYSE:DLR) has been given a consensus rating of “Hold” by the seventeen research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $142.65.

A number of research analysts have recently issued reports on DLR shares. Evercore ISI reissued an “outperform” rating and issued a $154.00 target price on shares of Digital Realty Trust in a report on Wednesday, March 27th. Scotiabank downgraded shares of Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price objective for the company. in a research report on Friday, February 16th. Morgan Stanley lifted their target price on shares of Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $144.00 price target on shares of Digital Realty Trust in a research note on Friday, February 16th. Finally, Raymond James raised their price objective on shares of Digital Realty Trust from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research report on Friday, February 16th.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $142.77 on Wednesday. The stock’s 50-day moving average price is $141.41 and its 200 day moving average price is $139.62. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $44.61 billion, a PE ratio of 39.66 and a beta of 0.55. Digital Realty Trust has a 52-week low of $88.88 and a 52-week high of $154.18.

Digital Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $1.22 dividend. The ex-dividend date is Friday, June 14th. This represents a $4.88 dividend on an annualized basis and a yield of 3.42%. Digital Realty Trust’s payout ratio is 135.56%.

Insider Buying and Selling 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 shares were 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 of the company’s stock, valued at $1,224,091.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Digital Realty Trust

A number of institutional investors have recently made changes to their positions in the stock. Schechter Investment Advisors LLC increased its position in Digital Realty Trust by 18.5% during the 3rd quarter. Schechter Investment Advisors LLC now owns 3,269 shares of the real estate investment trust’s stock worth $396,000 after purchasing an additional 511 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Digital Realty Trust by 17.7% in the fourth quarter. Clearbridge Investments LLC now owns 235,669 shares of the real estate investment trust’s stock valued at $31,716,000 after buying an additional 35,456 shares during the last quarter. Lyell Wealth Management LP lifted its stake in shares of Digital Realty Trust by 12.0% during the fourth quarter. Lyell Wealth Management LP now owns 48,347 shares of the real estate investment trust’s stock valued at $6,507,000 after buying an additional 5,197 shares during the period. Charles Schwab Investment Management Inc. boosted its position in 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 worth $435,559,000 after acquiring an additional 85,262 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Digital Realty Trust by 2.8% in the 3rd quarter. American Century Companies Inc. now owns 720,618 shares of the real estate investment trust’s stock worth $87,209,000 after acquiring an additional 19,931 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

About Digital Realty Trust

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.