Digital Realty Trust (NYSE:DLR – Free Report) had its target price hoisted by BTIG Research from $215.00 to $220.00 in a research note published on Thursday, Marketbeat.com reports. They currently have a buy rating on the real estate investment trust’s stock.
Other analysts also recently issued reports about the company. JPMorgan Chase & Co. boosted their target price on Digital Realty Trust from $230.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Cantor Fitzgerald lifted their price target on Digital Realty Trust from $211.00 to $221.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. TD Cowen upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $192.00 to $222.00 in a research report on Friday, July 24th. Evercore reissued an “outperform” rating and issued a $240.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, August 18th. Finally, HSBC upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and raised their target price for the company from $210.00 to $240.00 in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $219.61.
View Our Latest Analysis on Digital Realty Trust
Digital Realty Trust Trading Up 1.7%
Digital Realty Trust (NYSE:DLR – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the firm earned $1.87 EPS. Digital Realty Trust’s revenue 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, research analysts anticipate that Digital Realty Trust will post 8.4 EPS for the current fiscal year.
Digital Realty Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, September 15th. Digital Realty Trust’s dividend payout ratio is currently 236.89%.
Insider Activity at Digital Realty Trust
In related news, Director Mark Patterson sold 200 shares of Digital Realty Trust stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $193.96, for a total transaction of $38,792.00. Following the completion of the sale, the director owned 6,322 shares in the company, valued at approximately $1,226,215.12. This trade represents a 3.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.15% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Digital Realty Trust
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bison Wealth LLC grew its stake in Digital Realty Trust by 17.2% in the 4th quarter. Bison Wealth LLC now owns 2,653 shares of the real estate investment trust’s stock worth $471,000 after acquiring an additional 390 shares during the period. Empowered Funds LLC boosted its holdings in shares of Digital Realty Trust by 9.4% during the first quarter. Empowered Funds LLC now owns 6,784 shares of the real estate investment trust’s stock worth $972,000 after purchasing an additional 584 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Digital Realty Trust by 23.0% in the second quarter. NewEdge Advisors LLC now owns 21,739 shares of the real estate investment trust’s stock valued at $3,790,000 after purchasing an additional 4,069 shares during the period. Treasurer of the State of North Carolina lifted its position in Digital Realty Trust by 3.9% during the second quarter. Treasurer of the State of North Carolina now owns 157,567 shares of the real estate investment trust’s stock worth $27,469,000 after buying an additional 5,909 shares during the period. Finally, Peapack Gladstone Financial Corp boosted its stake in Digital Realty Trust by 0.8% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 27,631 shares of the real estate investment trust’s stock worth $4,816,000 after buying an additional 231 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.
About Digital Realty Trust
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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