Digital Realty Trust (NYSE:DLR) Hits New 12-Month High on Analyst Upgrade

Digital Realty Trust, Inc. (NYSE:DLR) shares hit a new 52-week high during trading on Monday after BMO Capital Markets raised their price target on the stock from $205.00 to $220.00. BMO Capital Markets currently has an outperform rating on the stock. Digital Realty Trust traded as high as $204.54 and last traded at $204.0930, with a volume of 86469 shares. The stock had previously closed at $203.62.

Other research analysts have also recently issued research reports about the stock. TD Cowen restated a “hold” rating on shares of Digital Realty Trust in a research note on Friday, February 6th. Bank of America reissued a “neutral” rating and set a $170.00 price target (down from $210.00) on shares of Digital Realty Trust in a report on Thursday, January 8th. Scotiabank lifted their price target on shares of Digital Realty Trust from $189.00 to $195.00 and gave the company a “sector outperform” rating in a report on Tuesday, April 7th. Wolfe Research lifted their price target on shares of Digital Realty Trust from $194.00 to $211.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Finally, Mizuho cut their price target on Digital Realty Trust from $191.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, January 12th. Four analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.12.

Institutional Trading of Digital Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. South Plains Financial Inc. increased its stake in Digital Realty Trust by 25.7% in the fourth quarter. South Plains Financial Inc. now owns 274 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 56 shares in the last quarter. Security National Bank of Sioux City Iowa IA increased its stake in Digital Realty Trust by 0.4% during the 3rd quarter. Security National Bank of Sioux City Iowa IA now owns 14,335 shares of the real estate investment trust’s stock worth $2,478,000 after purchasing an additional 60 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its stake in Digital Realty Trust by 2.6% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,404 shares of the real estate investment trust’s stock worth $372,000 after purchasing an additional 61 shares in the last quarter. PDS Planning Inc increased its position in shares of Digital Realty Trust by 3.6% during the fourth quarter. PDS Planning Inc now owns 1,785 shares of the real estate investment trust’s stock worth $276,000 after acquiring an additional 62 shares in the last quarter. Finally, Bell Investment Advisors Inc increased its position in shares of Digital Realty Trust by 56.9% during the first quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 62 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

The company’s 50-day moving average price is $180.71 and its 200-day moving average price is $169.24. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.59 and a quick ratio of 1.59. The company has a market cap of $70.14 billion, a P/E ratio of 56.68, a P/E/G ratio of 4.51 and a beta of 1.07.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, February 5th. The real estate investment trust reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.03. Digital Realty Trust had a return on equity of 5.88% and a net margin of 21.41%.The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the firm earned $1.73 EPS. Digital Realty Trust’s revenue for the quarter was up 13.8% compared to the same quarter last year. Digital Realty Trust has set its FY 2026 guidance at 7.900-8.000 EPS. As a group, sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were given a $1.22 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.4%. Digital Realty Trust’s dividend payout ratio (DPR) is 135.56%.

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.