Digital Realty Trust (NYSE:DLR) Rating Increased to Strong-Buy at Hsbc Global Res

Hsbc Global Res upgraded shares of Digital Realty Trust (NYSE:DLR) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

A number of other equities analysts also recently commented on DLR. Mizuho decreased their price objective on shares of Digital Realty Trust from $191.00 to $180.00 and set an “outperform” rating for the company in a report on Monday. Wall Street Zen lowered shares of Digital Realty Trust from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. TD Cowen increased their price objective on shares of Digital Realty Trust from $163.00 to $179.00 and gave the stock a “hold” rating in a research note on Friday, October 24th. Loop Capital set a $205.00 target price on Digital Realty Trust in a research note on Monday, October 27th. Finally, UBS Group set a $189.00 price target on Digital Realty Trust in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $193.22.

Digital Realty Trust Price Performance

Shares of DLR stock opened at $161.47 on Thursday. The firm has a market cap of $55.47 billion, a P/E ratio of 41.39, a P/E/G ratio of 3.73 and a beta of 1.11. The firm has a fifty day moving average of $157.69 and a two-hundred day moving average of $166.72. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.02. Digital Realty Trust has a 1-year low of $129.95 and a 1-year high of $187.74.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share for the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The firm had revenue of $1.58 billion during the quarter. As a group, research analysts anticipate that Digital Realty Trust will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Monday, December 15th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $4.88 annualized dividend and a yield of 3.0%. Digital Realty Trust’s dividend payout ratio is presently 126.10%.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Mary Hogan Preusse sold 4,166 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $157.42, for a total transaction of $655,811.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Digital Realty Trust

A number of institutional investors have recently added to or reduced their stakes in the company. Weatherly Asset Management L. P. raised its stake in shares of Digital Realty Trust by 4.2% in the 4th quarter. Weatherly Asset Management L. P. now owns 50,991 shares of the real estate investment trust’s stock worth $7,938,000 after buying an additional 2,056 shares in the last quarter. Warwick Investment Management Inc. grew its holdings in Digital Realty Trust by 4.6% during the fourth quarter. Warwick Investment Management Inc. now owns 3,009 shares of the real estate investment trust’s stock worth $466,000 after acquiring an additional 132 shares during the period. Nilsine Partners LLC raised its position in Digital Realty Trust by 3.6% in the fourth quarter. Nilsine Partners LLC now owns 2,207 shares of the real estate investment trust’s stock worth $341,000 after acquiring an additional 77 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Digital Realty Trust by 12.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 109,539 shares of the real estate investment trust’s stock valued at $17,072,000 after acquiring an additional 12,252 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. boosted its position in shares of Digital Realty Trust by 1.2% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 32,619 shares of the real estate investment trust’s stock valued at $5,047,000 after purchasing an additional 390 shares in 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 (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.