Digital Realty Trust, Inc. (NYSE:DLR) is a real estate investment trust that provides data center, colocation, and interconnection solutions. The company caters to industries such as artificial intelligence, networks, cloud, digital media, mobile, financial services, healthcare, and gaming.
Shares of Digital Realty Trust have earned a consensus rating of “Moderate Buy” from twenty-three ratings firms covering the stock. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, fourteen have issued a buy recommendation, and two have assigned a strong buy recommendation. The average 12-month price target among brokerages that have issued a report in the last year is $180.95.
Several analysts have recently commented on the stock. HSBC Global Research upgraded shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating. Barclays lifted their price target from $135.00 to $142.00 and gave the stock an “underweight” rating.
TD Cowen boosted their price target from $120.00 to $128.00 and gave the stock a “hold” rating. Truist Financial increased their target price from $168.00 to $202.00 and gave the company a “buy” rating. Evercore ISI raised their target price from $160.00 to $175.00 and gave the stock an “outperform” rating.
Digital Realty Trust opened at $162.12 on Monday. The company has a market cap of $53.78 billion, a PE ratio of 136.23, a price-to-earnings-growth ratio of 4.64, and a beta of 0.64. The stock has a 52-week low of $131.42 and a 52-week high of $198.00.
Analysts’ ratings and price targets
The business has a 50-day moving average price of $182.49 and a 200-day moving average price of $167.98. The company recently declared a quarterly dividend of $1.22 per share, which was paid on Friday, January 17th.
This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Friday, December 13th. Digital Realty Trust’s payout ratio is 410.08%.
In insider activity, the CFO recently sold 2,518 shares at an average price of $187.40, amounting to $471,873.20. The transaction was disclosed in a legal filing available through the SEC. Notably, 0.17% of the stock is owned by insiders.
A number of hedge funds and institutional investors have recently modified their holdings in the company. Stiles Financial Services Inc increased its position by 14.9%, now owning 13,331 shares worth $2,365,000. Newbridge Financial Services Group Inc.
purchased new stakes worth approximately $60,000. Kestra Private Wealth Services LLC raised its position by 23.5%, now owning 14,472 shares valued at $2,566,000. Empowered Funds LLC and Kingsview Wealth Management LLC also bolstered their stakes by 25.6% and 51.3%, respectively.
Collectively, institutional investors and hedge funds own 99.71% of the company’s stock.
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