Digital Realty Trust, Inc. (NYSE:DLR) Receives Consensus Recommendation of “Hold” from Brokerages

Posted by Defense World Staff on Sep 15th, 2023

Digital Realty Trust, Inc. (NYSE:DLR – Get Free Report) has been given a consensus rating of “Hold” by the eleven research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $120.93.

A number of analysts have weighed in on DLR shares. Jefferies Financial Group upped their target price on Digital Realty Trust from $132.00 to $144.00 in a report on Friday, July 28th. Raymond James decreased their price objective on Digital Realty Trust from $155.00 to $140.00 in a report on Friday, July 28th. StockNews.com initiated coverage on Digital Realty Trust in a report on Thursday, August 17th. They set a “sell” rating for the company. Royal Bank of Canada increased their price objective on Digital Realty Trust from $125.00 to $140.00 and gave the company an “outperformer” rating in a report on Monday, August 7th. Finally, Truist Financial decreased their price objective on Digital Realty Trust from $175.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, July 25th.

Check Out Our Latest Stock Analysis on DLR

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, insider Cindy Fiedelman sold 2,770 shares of Digital Realty Trust stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $125.00, for a total transaction of $346,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.39% of the company’s stock.

Hedge Funds Weigh In On Digital Realty Trust

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Digital Realty Trust by 11.8% in the 2nd quarter. BlackRock Inc. now owns 30,815,132 shares of the real estate investment trust’s stock valued at $3,508,919,000 after purchasing an additional 3,245,264 shares in the last quarter. State Street Corp increased its stake in shares of Digital Realty Trust by 2.3% in the 2nd quarter. State Street Corp now owns 20,596,456 shares of the real estate investment trust’s stock valued at $2,345,318,000 after purchasing an additional 464,694 shares in the last quarter. APG Asset Management US Inc. increased its stake in shares of Digital Realty Trust by 0.3% in the 1st quarter. APG Asset Management US Inc. now owns 10,020,960 shares of the real estate investment trust’s stock valued at $985,161,000 after purchasing an additional 26,148 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Digital Realty Trust by 74.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,324,758 shares of the real estate investment trust’s stock valued at $834,070,000 after purchasing an additional 3,118,791 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Digital Realty Trust by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 7,170,504 shares of the real estate investment trust’s stock valued at $704,925,000 after purchasing an additional 176,565 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Stock Up 1.2 %

Shares of NYSE:DLR opened at $128.48 on Friday. The business’s 50 day moving average is $123.30 and its 200 day moving average is $108.09. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.02. The stock has a market cap of $38.89 billion, a P/E ratio of 99.60, a price-to-earnings-growth ratio of 3.03 and a beta of 0.54. Digital Realty Trust has a 52-week low of $85.76 and a 52-week high of $133.39.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Thursday, September 14th. Digital Realty Trust’s dividend payout ratio is currently 378.29%.

About Digital Realty Trust

(Get Free Report

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data "meeting place" and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.