Digital Realty Trust (NYSE:DLR) Price Target Lowered to $120.00 at TD Cowen

Digital Realty Trust (NYSE:DLR) had its target price reduced by TD Cowen from $122.00 to $120.00 in a report issued on Friday, Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

Several other research analysts have also recently weighed in on the stock. Mizuho began coverage on shares of Digital Realty Trust in a report on Thursday, July 11th. They set an outperform rating and a $170.00 price objective for the company. Barclays raised their price target on Digital Realty Trust from $123.00 to $130.00 and gave the stock an underweight rating in a research note on Wednesday, July 24th. Morgan Stanley raised their target price on Digital Realty Trust from $100.00 to $108.00 and gave the stock an equal weight rating in a research report on Tuesday, April 2nd. BMO Capital Markets raised shares of Digital Realty Trust from a market perform rating to an outperform rating and upped their price target for the company from $144.00 to $170.00 in a research report on Wednesday, June 26th. Finally, The Goldman Sachs Group assumed coverage on shares of Digital Realty Trust in a research report on Monday, July 1st. They set a buy rating and a $175.00 target price for the company. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $153.44.

Digital Realty Trust Stock Up 1.1 %

NYSE:DLR opened at $147.19 on Friday. The firm has a 50-day simple moving average of $149.64 and a two-hundred day simple moving average of $144.63. Digital Realty Trust has a fifty-two week low of $113.94 and a fifty-two week high of $162.58. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.29 and a current ratio of 1.78. The firm has a market cap of $45.99 billion, a P/E ratio of 40.89, a P/E/G ratio of 10.49 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $1.63 by ($1.43). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the business posted $1.68 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. Analysts predict that Digital Realty Trust will post 6.67 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.32%. The ex-dividend date was Friday, June 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Institutional Trading of Digital Realty Trust

A number of large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Digital Realty Trust during the fourth quarter valued at $2,141,890,000. Vanguard Group Inc. lifted its stake in shares of Digital Realty Trust by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock valued at $6,986,458,000 after purchasing an additional 951,567 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Digital Realty Trust in the 4th quarter worth approximately $107,372,000. Kodai Capital Management LP bought a new position in shares of Digital Realty Trust during the 4th quarter valued at approximately $59,087,000. Finally, Russell Investments Group Ltd. raised its holdings in Digital Realty Trust by 13.6% during the 4th quarter. Russell Investments Group Ltd. now owns 2,118,834 shares of the real estate investment trust’s stock valued at $285,513,000 after buying an additional 253,755 shares during the period. Institutional investors own 99.71% of the company’s stock.

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.