Digital Realty Trust (NYSE:DLR) Price Target Raised to $227.00

Digital Realty Trust (NYSE:DLR) had its target price raised by Royal Bank Of Canada from $207.00 to $227.00 in a research report released on Monday, MarketBeat.com reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Several other brokerages have also weighed in on DLR. Morgan Stanley upped their target price on shares of Digital Realty Trust from $210.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Scotiabank boosted their price target on Digital Realty Trust from $195.00 to $222.00 and gave the stock an “outperform” rating in a research note on Monday, April 27th. Mizuho upped their price target on Digital Realty Trust from $180.00 to $217.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. BNP Paribas Exane raised their price objective on Digital Realty Trust from $196.00 to $224.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Wolfe Research lifted their price objective on Digital Realty Trust from $194.00 to $211.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.33.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $188.38 on Monday. The company has a market cap of $66.20 billion, a P/E ratio of 91.44, a price-to-earnings-growth ratio of 5.48 and a beta of 1.03. Digital Realty Trust has a one year low of $146.23 and a one year high of $208.14. The business has a fifty day moving average of $184.80 and a two-hundred day moving average of $181.68. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.59 and a current ratio of 0.87.

Digital Realty Trust (NYSE:DLR) last posted its quarterly 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). The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.66 billion. Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%.The business’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same period last year, the company earned $1.87 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. As a group, analysts predict that Digital Realty Trust will post 8.39 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, June 15th. Digital Realty Trust’s payout ratio is 236.89%.

Institutional Trading of Digital Realty Trust

A number of large investors have recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. boosted its position in Digital Realty Trust by 3.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 598,259 shares of the real estate investment trust’s stock worth $92,557,000 after acquiring an additional 20,735 shares during the last quarter. Norges Bank acquired a new position in Digital Realty Trust in the 4th quarter valued at $3,402,995,000. Pacific Heights Asset Management LLC raised its holdings in Digital Realty Trust by 20.0% in the 4th quarter. Pacific Heights Asset Management LLC now owns 150,000 shares of the real estate investment trust’s stock valued at $23,206,000 after acquiring an additional 25,000 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Digital Realty Trust by 5.9% during the 4th quarter. Legal & General Group Plc now owns 4,007,211 shares of the real estate investment trust’s stock worth $619,956,000 after purchasing an additional 224,688 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Digital Realty Trust during the fourth quarter worth $21,224,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Company Profile

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.