Digital Realty Trust (NYSE:DLR) Rating Increased to Strong-Buy at BTIG Research

BTIG Research upgraded shares of Digital Realty Trust (NYSE:DLR) to a strong-buy rating in a report released on Friday,Zacks.com reports.

Several other analysts have also recently weighed in on the company. Citigroup reaffirmed an “outperform” rating on shares of Digital Realty Trust in a report on Monday, April 27th. Barclays upped their price objective on shares of Digital Realty Trust from $189.00 to $197.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 1st. JPMorgan Chase & Co. raised their target price on shares of Digital Realty Trust from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. HSBC cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating and boosted their price target for the stock from $193.00 to $210.00 in a research note on Monday, April 27th. Finally, Morgan Stanley raised their price objective on shares of Digital Realty Trust from $210.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $216.75.

Digital Realty Trust Stock Up 0.6%

Shares of NYSE:DLR opened at $180.39 on Friday. The firm has a fifty day moving average price of $187.87 and a two-hundred day moving average price of $179.03. The company has a market cap of $63.39 billion, a price-to-earnings ratio of 47.60, a PEG ratio of 4.87 and a beta of 1.03. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.59 and a quick ratio of 1.59. Digital Realty Trust has a one year low of $146.23 and a one year high of $208.14.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.46. Digital Realty Trust had a return on equity of 6.05% and a net margin of 21.73%.The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the business posted $1.77 earnings per share. The firm’s revenue was up 16.2% compared to the same quarter last year. Digital Realty Trust has set its FY 2026 guidance at 7.950-8.050 EPS. Analysts anticipate that Digital Realty Trust will post 8.05 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Monday, June 15th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 128.76%.

Institutional Trading of Digital Realty Trust

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Digital Realty Trust in the fourth quarter worth about $3,402,995,000. Cohen & Steers Inc. boosted its holdings in Digital Realty Trust by 18.0% during the 4th quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock valued at $4,332,366,000 after acquiring an additional 4,276,073 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Digital Realty Trust by 686.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,807,512 shares of the real estate investment trust’s stock worth $831,123,000 after acquiring an additional 4,195,862 shares during the last quarter. Viking Global Investors LP purchased a new position in Digital Realty Trust in the 4th quarter worth approximately $233,301,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Digital Realty Trust by 78.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,190,797 shares of the real estate investment trust’s stock worth $493,650,000 after purchasing an additional 1,405,791 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

About Digital Realty Trust

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.