Digital Realty Trust (NYSE:DLR) Upgraded to “Outperform” at BMO Capital Markets

BMO Capital Markets upgraded shares of Digital Realty Trust (NYSE:DLR) from a market perform rating to an outperform rating in a research note released on Wednesday, MarketBeat.com reports. They currently have $170.00 price target on the real estate investment trust’s stock, up from their prior price target of $144.00.

A number of other brokerages also recently weighed in on DLR. Citigroup boosted their price target on shares of Digital Realty Trust from $154.00 to $160.00 and gave the stock a buy rating in a report on Thursday, February 29th. HSBC upped their price objective on shares of Digital Realty Trust from $115.00 to $118.00 and gave the company a reduce rating in a report on Friday, May 3rd. Evercore ISI reaffirmed an outperform rating and set a $154.00 price objective on shares of Digital Realty Trust in a report on Wednesday, March 27th. Morgan Stanley upped their price objective on shares of Digital Realty Trust from $100.00 to $108.00 and gave the company an equal weight rating in a report on Tuesday, April 2nd. Finally, Wells Fargo & Company raised shares of Digital Realty Trust from an equal weight rating to an overweight rating and upped their price objective for the company from $135.00 to $155.00 in a report on Tuesday, April 9th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $146.06.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $146.86 on Wednesday. The company’s 50-day moving average is $143.90 and its 200 day moving average is $141.43. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $45.88 billion, a P/E ratio of 40.79, a price-to-earnings-growth ratio of 19.17 and a beta of 0.57. Digital Realty Trust has a fifty-two week low of $107.19 and a fifty-two week high of $154.18.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Friday, June 14th. Digital Realty Trust’s dividend payout ratio (DPR) is 135.56%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Rise Advisors LLC increased its position in shares of Digital Realty Trust by 1,125.0% in the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 180 shares during the last quarter. GoalVest Advisory LLC bought a new position in Digital Realty Trust during the first quarter valued at approximately $29,000. Baldwin Brothers LLC MA grew its position in Digital Realty Trust by 528.6% during the fourth quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 185 shares during the last quarter. Operose Advisors LLC bought a new position in Digital Realty Trust during the third quarter valued at approximately $27,000. Finally, Bfsg LLC bought a new position in Digital Realty Trust during the fourth quarter valued at approximately $31,000. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Company Profile

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.