Digital Realty Trust (NYSE:DLR) Price Target Increased to $122.00 by Analysts at TD Cowen

Digital Realty Trust (NYSE:DLR) had its price target boosted by TD Cowen from $116.00 to $122.00 in a research note published on Friday, Benzinga reports. The firm currently has a hold rating on the real estate investment trust’s stock.

Other analysts have also issued research reports about the company. Raymond James boosted their price target on Digital Realty Trust from $140.00 to $170.00 and gave the company a strong-buy rating in a report on Friday, February 16th. Citigroup boosted their price target on Digital Realty Trust from $154.00 to $160.00 and gave the company a buy rating in a report on Thursday, February 29th. StockNews.com lowered Digital Realty Trust from a hold rating to a sell rating in a report on Friday, February 16th. Royal Bank of Canada reissued an outperform rating and set a $144.00 price target on shares of Digital Realty Trust in a report on Friday, February 16th. Finally, Stifel Nicolaus boosted their price target on Digital Realty Trust from $155.00 to $160.00 and gave the company a buy rating in a report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of Hold and a consensus target price of $142.65.

Digital Realty Trust Stock Performance

Digital Realty Trust stock traded up $6.85 during mid-day trading on Friday, reaching $147.00. 3,309,695 shares of the stock traded hands, compared to its average volume of 1,588,043. The stock has a market capitalization of $45.93 billion, a PE ratio of 40.84, a price-to-earnings-growth ratio of 3.19 and a beta of 0.55. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 1.14. Digital Realty Trust has a 12-month low of $86.33 and a 12-month high of $154.18. The business’s 50-day moving average is $142.09 and its 200-day moving average is $137.15.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date was Thursday, March 14th. Digital Realty Trust’s payout ratio is presently 135.56%.

Insider Activity at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total transaction of $494,700.00. Following the completion of the transaction, the director now directly owns 8,413 shares of the company’s stock, valued at $1,224,091.50. The sale was disclosed in a filing with the SEC, which is available through this link. 0.39% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Digital Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Catalina Capital Group LLC raised its position in Digital Realty Trust by 40.8% during the first quarter. Catalina Capital Group LLC now owns 2,139 shares of the real estate investment trust’s stock valued at $308,000 after purchasing an additional 620 shares during the period. Mediolanum International Funds Ltd purchased a new stake in Digital Realty Trust during the first quarter valued at approximately $6,656,000. BI Asset Management Fondsmaeglerselskab A S raised its position in Digital Realty Trust by 7.9% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 62,225 shares of the real estate investment trust’s stock valued at $8,963,000 after purchasing an additional 4,578 shares during the period. Smith Salley Wealth Management raised its position in Digital Realty Trust by 5.3% during the first quarter. Smith Salley Wealth Management now owns 8,765 shares of the real estate investment trust’s stock valued at $1,262,000 after purchasing an additional 443 shares during the period. Finally, Jennison Associates LLC raised its position in Digital Realty Trust by 86.3% during the first quarter. Jennison Associates LLC now owns 336,578 shares of the real estate investment trust’s stock valued at $48,481,000 after purchasing an additional 155,926 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 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.