Digital Realty Trust (NYSE:DLR) Price Target Raised to $210.00

Digital Realty Trust (NYSE:DLR) had its price objective hoisted by JPMorgan Chase & Co. from $200.00 to $210.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

A number of other analysts also recently issued reports on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Digital Realty Trust in a report on Wednesday, October 8th. Daiwa Capital Markets began coverage on shares of Digital Realty Trust in a report on Wednesday, October 22nd. They set a “buy” rating and a $210.00 price target on the stock. Morgan Stanley began coverage on shares of Digital Realty Trust in a report on Thursday, October 16th. They set an “equal weight” rating and a $195.00 price target on the stock. Wolfe Research raised shares of Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price target on the stock in a report on Monday, October 20th. Finally, Stifel Nicolaus increased their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $196.67.

Digital Realty Trust Stock Up 2.4%

DLR stock opened at $179.62 on Friday. The firm’s fifty day simple moving average is $170.66 and its 200-day simple moving average is $169.25. The company has a market capitalization of $61.26 billion, a P/E ratio of 46.41, a price-to-earnings-growth ratio of 4.96 and a beta of 0.96. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.22. Digital Realty Trust has a 12 month low of $129.95 and a 12 month high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.11. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the firm posted $1.67 earnings per share. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. As a group, equities research analysts forecast that Digital Realty Trust will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $1.22 per share. The ex-dividend date was Monday, September 15th. This represents a $4.88 dividend on an annualized basis and a yield of 2.7%. Digital Realty Trust’s dividend payout ratio is currently 126.10%.

Insiders Place Their Bets

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Digital Realty Trust

A number of hedge funds have recently modified their holdings of DLR. Norges Bank acquired a new stake in shares of Digital Realty Trust in the second quarter valued at about $3,808,270,000. Canada Pension Plan Investment Board raised its position in shares of Digital Realty Trust by 63.0% in the first quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust’s stock valued at $1,023,769,000 after buying an additional 2,760,286 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Digital Realty Trust in the first quarter valued at about $342,389,000. Vanguard Group Inc. raised its position in shares of Digital Realty Trust by 1.8% in the first quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust’s stock valued at $7,505,367,000 after buying an additional 925,674 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its position in shares of Digital Realty Trust by 41.5% in the first quarter. Pictet Asset Management Holding SA now owns 3,129,819 shares of the real estate investment trust’s stock valued at $448,422,000 after buying an additional 918,549 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.