Analysts Set Digital Realty Trust, Inc. (NYSE:DLR) Target Price at $165.69

Digital Realty Trust, Inc. (NYSE:DLR) has been given a consensus rating of “Buy” by the fifteen analysts that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $166.00.

A number of research firms have recently weighed in on DLR. Deutsche Bank Aktiengesellschaft upped their target price on shares of Digital Realty Trust from $167.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, August 3rd. TD Securities reaffirmed a “buy” rating and issued a $180.00 target price on shares of Digital Realty Trust in a research report on Friday. Barclays upped their price target on shares of Digital Realty Trust from $177.00 to $178.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 25th. Zacks Investment Research cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating and set a $167.00 price target on the stock. in a research note on Thursday, July 15th. Finally, Citigroup upped their price target on shares of Digital Realty Trust from $160.00 to $179.00 and gave the stock a “buy” rating in a research note on Thursday, August 19th.

In other news, CEO A William Stein sold 59,735 shares of the stock in a transaction that occurred on Friday, August 20th. The shares were sold at an average price of $164.03, for a total value of $9,798,332.05. Following the transaction, the chief executive officer now owns 59,735 shares in the company, valued at approximately $9,798,332.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kevin Kennedy sold 350 shares of the stock in a transaction that occurred on Wednesday, September 15th. The stock was sold at an average price of $154.15, for a total transaction of $53,952.50. Following the completion of the transaction, the director now owns 350 shares in the company, valued at approximately $53,952.50. The disclosure for this sale can be found here. Insiders sold a total of 204,884 shares of company stock worth $33,906,264 in the last quarter. Company insiders own 0.52% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Digital Realty Trust by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 44,104,515 shares of the real estate investment trust’s stock worth $6,635,966,000 after acquiring an additional 125,355 shares in the last quarter. BlackRock Inc. increased its holdings in Digital Realty Trust by 0.6% in the 1st quarter. BlackRock Inc. now owns 26,660,042 shares of the real estate investment trust’s stock worth $3,754,800,000 after acquiring an additional 150,432 shares in the last quarter. State Street Corp increased its holdings in Digital Realty Trust by 1.1% in the 2nd quarter. State Street Corp now owns 15,941,754 shares of the real estate investment trust’s stock worth $2,398,596,000 after acquiring an additional 175,344 shares in the last quarter. FMR LLC increased its holdings in Digital Realty Trust by 3.6% in the 2nd quarter. FMR LLC now owns 11,119,963 shares of the real estate investment trust’s stock worth $1,673,110,000 after acquiring an additional 382,954 shares in the last quarter. Finally, Capital International Investors increased its holdings in Digital Realty Trust by 7.0% in the 2nd quarter. Capital International Investors now owns 10,207,457 shares of the real estate investment trust’s stock worth $1,536,034,000 after acquiring an additional 666,830 shares in the last quarter. 96.04% of the stock is owned by institutional investors.

Shares of NYSE:DLR traded up $0.51 during midday trading on Monday, reaching $157.31. The company’s stock had a trading volume of 1,447,611 shares, compared to its average volume of 1,445,378. The firm has a 50 day moving average of $158.47 and a 200-day moving average of $151.66. The firm has a market capitalization of $44.45 billion, a P/E ratio of 87.60, a PEG ratio of 3.52 and a beta of 0.12. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.80. Digital Realty Trust has a 12-month low of $124.65 and a 12-month high of $168.30.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, July 29th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.58 by ($1.13). Digital Realty Trust had a return on equity of 3.52% and a net margin of 13.22%. On average, research analysts predict that Digital Realty Trust will post 6.5 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Wednesday, September 15th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Tuesday, September 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 74.60%.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.

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Analyst Recommendations for Digital Realty Trust (NYSE:DLR)

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