Analysts Set Digital Realty Trust, Inc. (NYSE:DLR) Price Target at $219.61

Digital Realty Trust, Inc. (NYSE:DLR) has been given a consensus recommendation of “Moderate Buy” by the thirty-three research firms that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation, twenty-six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $219.8438.

A number of research firms have recently commented on DLR. JPMorgan Chase & Co. increased their target price on Digital Realty Trust from $230.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Mizuho set a $223.00 price target on Digital Realty Trust in a research report on Monday, August 10th. Royal Bank Of Canada upped their price target on shares of Digital Realty Trust from $207.00 to $227.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. HSBC upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $210.00 to $240.00 in a research note on Thursday, August 13th. Finally, BTIG Research lifted their target price on shares of Digital Realty Trust from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, September 10th.

Digital Realty Trust Price Performance

DLR stock opened at $186.80 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a 50 day moving average price of $187.93 and a 200-day moving average price of $187.19. Digital Realty Trust has a 52-week low of $146.23 and a 52-week high of $208.14. The firm has a market capitalization of $69.30 billion, a price-to-earnings ratio of 90.68, a PEG ratio of 3.49 and a beta of 1.02.

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 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 company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the company earned $1.87 EPS. The business’s quarterly revenue was up 28.9% on a year-over-year basis. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. Equities research analysts forecast that Digital Realty Trust will post 8.4 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.6%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 236.89%.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Mark Patterson sold 200 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $193.96, for a total transaction of $38,792.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.15% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Digital Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of Digital Realty Trust during the second quarter valued at approximately $7,277,032,000. Cohen & Steers Inc. grew its position in Digital Realty Trust by 18.0% in 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 purchasing an additional 4,276,073 shares during the period. Norges Bank bought a new stake in Digital Realty Trust in the 4th quarter worth approximately $3,402,995,000. Bank of America Corp DE raised its stake in Digital Realty Trust by 6.0% during 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 buying an additional 534,158 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Digital Realty Trust by 2.2% during 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 buying an additional 197,180 shares during the period. 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.