TD Cowen Boosts Digital Realty Trust (NYSE:DLR) Price Target to $128.00

Digital Realty Trust (NYSE:DLR) had its target price raised by TD Cowen from $120.00 to $128.00 in a research report released on Friday morning, Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

Other research analysts have also recently issued reports about the company. Scotiabank boosted their target price on Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a research note on Friday. Barclays upped their price objective on Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, October 10th. Evercore ISI raised their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company boosted their price objective on shares of Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Raymond James lifted their price target on Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $165.21.

Digital Realty Trust Stock Up 9.6 %

Shares of NYSE:DLR opened at $181.01 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.78. The stock has a market cap of $56.55 billion, a price-to-earnings ratio of 50.28, a P/E/G ratio of 5.08 and a beta of 0.60. The company has a 50 day moving average of $157.70 and a 200-day moving average of $150.74. Digital Realty Trust has a one year low of $116.73 and a one year high of $193.88.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. Digital Realty Trust’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.62 EPS. On average, sell-side analysts forecast that Digital Realty Trust will post 6.65 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend was Friday, September 13th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Insider Transactions at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the transaction, the director now directly owns 9,055 shares of the company’s stock, valued at $1,360,604.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.17% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Digital Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in DLR. Future Financial Wealth Managment LLC acquired a new position in shares of Digital Realty Trust during the first quarter worth $34,000. Independence Bank of Kentucky raised its position in Digital Realty Trust by 633.3% in the first quarter. Independence Bank of Kentucky now owns 1,100 shares of the real estate investment trust’s stock valued at $158,000 after purchasing an additional 950 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Digital Realty Trust by 36.0% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 2,448 shares of the real estate investment trust’s stock valued at $353,000 after purchasing an additional 648 shares in the last quarter. Aviance Capital Partners LLC bought a new stake in shares of Digital Realty Trust during the first quarter worth about $242,000. Finally, Little House Capital LLC acquired a new position in shares of Digital Realty Trust in the first quarter valued at approximately $2,436,000. 99.71% of the stock is 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.