Digital Realty Trust (NYSE:DLR) Price Target Raised to $221.00

Digital Realty Trust (NYSE:DLR) had its price target upped by Cantor Fitzgerald from $211.00 to $221.00 in a report released on Wednesday, Marketbeat reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

Several other research analysts have also commented on the stock. KeyCorp reiterated a “sector weight” rating on shares of Digital Realty Trust in a research note on Friday, July 24th. Stifel Nicolaus raised their price objective on Digital Realty Trust from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. BTIG Research assumed coverage on shares of Digital Realty Trust in a research report on Friday, July 10th. They set a “buy” rating and a $215.00 target price for the company. The Goldman Sachs Group reissued a “buy” rating and issued a $215.00 price target on shares of Digital Realty Trust in a report on Friday, April 24th. Finally, Barclays increased their target price on shares of Digital Realty Trust from $189.00 to $197.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.17.

Digital Realty Trust Trading Down 2.3%

NYSE DLR opened at $188.77 on Wednesday. Digital Realty Trust has a one year low of $146.23 and a one year high of $208.14. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.59 and a current ratio of 0.87. The company has a market capitalization of $66.33 billion, a price-to-earnings ratio of 91.63, a price-to-earnings-growth ratio of 5.48 and a beta of 1.03. The company’s 50-day simple moving average is $184.71 and its two-hundred day simple moving average is $181.98.

Digital Realty Trust (NYSE:DLR) last announced 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). The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%.Digital Realty Trust’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.87 EPS. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. Equities analysts forecast that Digital Realty Trust will post 8.39 EPS for the current fiscal year.

Digital Realty Trust Dividend Announcement

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

Institutional Trading of Digital Realty Trust

Large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Digital Realty Trust in the fourth quarter worth approximately $3,402,995,000. Cohen & Steers Inc. lifted its stake in shares of 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 valued at $4,332,366,000 after purchasing an additional 4,276,073 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Digital Realty Trust by 686.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,807,512 shares of the real estate investment trust’s stock valued at $831,123,000 after purchasing an additional 4,195,862 shares during the last quarter. Viking Global Investors LP purchased a new position in shares of Digital Realty Trust during the 4th quarter worth $233,301,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Digital Realty Trust by 78.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,190,797 shares of the real estate investment trust’s stock worth $493,650,000 after purchasing an additional 1,405,791 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

About Digital Realty Trust

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.