Digital Realty Trust (NYSE:DLR) Trading 3.8% Higher

Shares of Digital Realty Trust, Inc. (NYSE:DLR) traded up 3.8% on Tuesday . The company traded as high as $155.12 and last traded at $155.07. 301,045 shares were traded during mid-day trading, a decline of 84% from the average session volume of 1,832,753 shares. The stock had previously closed at $149.34.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Stifel Nicolaus increased their price objective on Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 12th. JPMorgan Chase & Co. upgraded Digital Realty Trust from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $150.00 to $175.00 in a research report on Friday, June 28th. Barclays raised their target price on Digital Realty Trust from $123.00 to $130.00 and gave the company an “underweight” rating in a research report on Wednesday, July 24th. Truist Financial increased their price target on Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Finally, BMO Capital Markets raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and increased their price target for the company from $144.00 to $170.00 in a report on Wednesday, June 26th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $154.00.

Digital Realty Trust Trading Up 1.3 %

The company’s fifty day simple moving average is $151.51 and its two-hundred day simple moving average is $146.67. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $50.14 billion, a price-to-earnings ratio of 44.01, a price-to-earnings-growth ratio of 4.73 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the business earned $1.68 earnings per share. The company’s revenue was down .7% on a year-over-year basis. Research analysts forecast that Digital Realty Trust, Inc. will post 6.65 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, September 13th. Digital Realty Trust’s payout ratio is presently 135.56%.

Insider Activity at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the transaction, the director now owns 9,055 shares in the company, valued at approximately $1,360,604.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Digital Realty Trust

Several large investors have recently modified their holdings of DLR. Private Advisor Group LLC increased its position in Digital Realty Trust by 28.8% during the 4th quarter. Private Advisor Group LLC now owns 9,390 shares of the real estate investment trust’s stock valued at $1,264,000 after purchasing an additional 2,100 shares during the period. QRG Capital Management Inc. lifted its stake in Digital Realty Trust by 19.7% during the 4th quarter. QRG Capital Management Inc. now owns 4,050 shares of the real estate investment trust’s stock valued at $545,000 after acquiring an additional 666 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in shares of Digital Realty Trust by 3.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,693 shares of the real estate investment trust’s stock valued at $1,170,000 after purchasing an additional 297 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Digital Realty Trust by 15.5% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 18,230 shares of the real estate investment trust’s stock worth $2,453,000 after acquiring an additional 2,453 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in Digital Realty Trust in the 4th quarter worth approximately $3,870,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

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.