Digital Realty Trust (NYSE:DLR) Given “Buy” Rating at Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Digital Realty Trust (NYSE:DLR) in a research note issued to investors on Friday morning, Benzinga reports. They currently have a $195.00 target price on the real estate investment trust’s stock, up from their previous target price of $185.00.

Several other analysts have also commented on DLR. TD Cowen lowered their price objective on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Evercore ISI upped their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday. Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. The Goldman Sachs Group initiated coverage on Digital Realty Trust in a research report on Monday, July 1st. They set a “buy” rating and a $175.00 price target on the stock. Finally, Mizuho initiated coverage on Digital Realty Trust in a report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price objective for the company. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust has a consensus rating of “Hold” and a consensus price target of $165.21.

Digital Realty Trust Stock Performance

Shares of DLR opened at $181.01 on Friday. The stock has a 50 day moving average of $157.08 and a 200 day moving average of $150.38. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81. Digital Realty Trust has a 12 month low of $116.73 and a 12 month high of $193.88. The company has a market capitalization of $56.55 billion, a price-to-earnings ratio of 50.28, a PEG ratio of 5.08 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last released its earnings results 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). The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.68 earnings per share. As a group, 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 company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $1.22 dividend. The ex-dividend date was Friday, September 13th. This represents a $4.88 annualized dividend and a dividend yield of 2.70%. Digital Realty Trust’s payout ratio is currently 135.56%.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was 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 in the company, valued at $1,360,604.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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