Digital Realty Trust, Inc. (NYSE:DLR – Get Free Report) has received an average recommendation of “Moderate Buy” from the thirty-three ratings firms that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, twenty-six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $219.8438.
A number of research firms recently weighed in on DLR. Evercore reaffirmed an “outperform” rating and set a $240.00 price objective on shares of Digital Realty Trust in a research report on Tuesday, August 18th. KeyCorp restated a “sector weight” rating on shares of Digital Realty Trust in a research note on Friday, July 24th. Citigroup restated a “market outperform” rating on shares of Digital Realty Trust in a research report on Friday, July 24th. Rothschild & Co Redburn started coverage on Digital Realty Trust in a research note on Monday. They issued a “buy” rating and a $227.00 price objective for the company. Finally, Argus upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $212.00 price objective on the stock in a report on Wednesday, August 5th.
Check Out Our Latest Research Report on Digital Realty Trust
Digital Realty Trust Stock Performance
Digital Realty Trust (NYSE:DLR – Get Free Report) last released its earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.77). Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%.The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the business earned $1.87 earnings per share. The company’s revenue for the quarter was up 28.9% compared to the same quarter last year. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. On average, sell-side analysts forecast that Digital Realty Trust will post 8.4 earnings per share for the current fiscal year.
Digital Realty Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.88 annualized dividend and a dividend yield of 2.7%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 236.89%.
Insider Buying and Selling at Digital Realty Trust
In related news, Director Mark Patterson sold 200 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total transaction of $38,792.00. Following the sale, the director directly owned 6,322 shares of the company’s stock, valued at $1,226,215.12. This represents a 3.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.15% of the company’s stock.
Hedge Funds Weigh In On Digital Realty Trust
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of Digital Realty Trust during the second quarter worth approximately $7,277,032,000. Cohen & Steers Inc. grew its holdings in Digital Realty Trust by 18.0% during the 4th quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock worth $4,332,366,000 after acquiring an additional 4,276,073 shares in the last quarter. Norges Bank acquired a new position in Digital Realty Trust during the 4th quarter worth approximately $3,402,995,000. Bank of America Corp DE increased its position in shares of Digital Realty Trust by 6.0% in the 1st quarter. Bank of America Corp DE now owns 9,470,695 shares of the real estate investment trust’s stock valued at $1,706,714,000 after purchasing an additional 534,158 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Digital Realty Trust by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 9,234,073 shares of the real estate investment trust’s stock valued at $1,423,373,000 after purchasing an additional 197,180 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Digital Realty Trust Company Profile
Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers around the world. The company provides the physical infrastructure businesses need to house information technology equipment, cloud-computing resources and critical digital systems.
Its services include data center colocation, hyperscale facilities, interconnection and related infrastructure solutions. Through its PlatformDIGITAL offering, Digital Realty helps customers connect to cloud providers, network operators, internet service providers, enterprises and other digital ecosystems.
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