Digital Realty Trust (NYSE:DLR) Price Target Lowered to $185.00 at Truist Financial

Digital Realty Trust (NYSE:DLR) had its price objective lowered by Truist Financial from $201.00 to $185.00 in a research note issued to investors on Monday morning,Benzinga reports. Truist Financial currently has a buy rating on the real estate investment trust’s stock.

Several other research firms also recently issued reports on DLR. Wells Fargo & Company decreased their price objective on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. StockNews.com lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. JMP Securities reiterated a “market outperform” rating and set a $220.00 target price on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Scotiabank upgraded shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target for the company in a research note on Tuesday, February 18th. Finally, Barclays increased their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $180.11.

Digital Realty Trust Stock Performance

Shares of DLR opened at $145.50 on Monday. The company’s 50 day moving average price is $168.03 and its 200 day moving average price is $170.12. Digital Realty Trust has a 52 week low of $135.54 and a 52 week high of $198.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The company has a market capitalization of $48.98 billion, a PE ratio of 89.82, a PEG ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Research analysts expect that Digital Realty Trust will post 7.07 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.35%. Digital Realty Trust’s dividend payout ratio is currently 301.23%.

Insider Buying and Selling

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Digital Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in DLR. Private Advisor Group LLC raised its stake in Digital Realty Trust by 4.1% during the 4th quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust’s stock valued at $2,400,000 after acquiring an additional 527 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc raised its stake in shares of Digital Realty Trust by 17.7% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust’s stock valued at $11,768,000 after purchasing an additional 9,959 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in Digital Realty Trust by 26.4% during the fourth quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock worth $9,682,000 after purchasing an additional 11,405 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Digital Realty Trust by 6.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock valued at $61,643,000 after purchasing an additional 23,028 shares during the period. Finally, Cumberland Partners Ltd raised its stake in shares of Digital Realty Trust by 207.3% in the 3rd quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock worth $7,540,000 after buying an additional 31,430 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.