Digital Realty Trust, Inc. (DLR) Receives $125.25 Consensus Target Price from Analysts

Digital Realty Trust, Inc. (NYSE:DLR) has been given a consensus recommendation of “Hold” by the eighteen analysts that are covering the company, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $125.25.

Several equities research analysts have weighed in on the company. ValuEngine downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Zacks Investment Research downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Robert W. Baird restated a “neutral” rating and set a $121.00 price target (up previously from $119.00) on shares of Digital Realty Trust in a report on Tuesday, October 10th. Royal Bank of Canada upped their price target on Digital Realty Trust from $127.00 to $133.00 and gave the stock an “outperform” rating in a report on Wednesday, October 4th. Finally, Cowen restated a “buy” rating and set a $126.00 price target on shares of Digital Realty Trust in a report on Friday, August 25th.

Digital Realty Trust (NYSE DLR) traded up $0.14 on Friday, reaching $114.95. The company had a trading volume of 860,295 shares, compared to its average volume of 1,273,049. Digital Realty Trust has a 1 year low of $93.39 and a 1 year high of $127.23. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.85. The firm has a market cap of $23,400.00, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 2.88 and a beta of -0.10.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $1.11. Digital Realty Trust had a return on equity of 5.15% and a net margin of 11.71%. The company had revenue of $609.90 million for the quarter, compared to the consensus estimate of $595.49 million. During the same quarter in the prior year, the business earned $1.44 EPS. Digital Realty Trust’s revenue was up 11.6% on a year-over-year basis. research analysts anticipate that Digital Realty Trust will post 6.1 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be issued a $0.93 dividend. The ex-dividend date is Thursday, December 14th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.24%. Digital Realty Trust’s payout ratio is currently 302.44%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DLR. Municipal Employees Retirement System of Michigan increased its holdings in shares of Digital Realty Trust by 84.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,390 shares of the real estate investment trust’s stock valued at $1,061,000 after acquiring an additional 4,290 shares during the last quarter. Retirement Systems of Alabama boosted its position in shares of Digital Realty Trust by 0.6% in the 2nd quarter. Retirement Systems of Alabama now owns 77,468 shares of the real estate investment trust’s stock valued at $8,750,000 after purchasing an additional 482 shares during the period. Global X Management Co. LLC boosted its position in shares of Digital Realty Trust by 22.9% in the 2nd quarter. Global X Management Co. LLC now owns 4,662 shares of the real estate investment trust’s stock valued at $527,000 after purchasing an additional 869 shares during the period. Wetherby Asset Management Inc. boosted its position in shares of Digital Realty Trust by 4.1% in the 2nd quarter. Wetherby Asset Management Inc. now owns 3,653 shares of the real estate investment trust’s stock valued at $413,000 after purchasing an additional 144 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Digital Realty Trust by 10.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,351,165 shares of the real estate investment trust’s stock valued at $152,615,000 after purchasing an additional 123,812 shares during the period. Institutional investors and hedge funds own 98.54% of the company’s stock.

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About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.

Analyst Recommendations for Digital Realty Trust (NYSE:DLR)

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