HSBC Boosts Digital Realty Trust (NYSE:DLR) Price Target to $118.00

Digital Realty Trust (NYSE:DLR) had its price target increased by HSBC from $115.00 to $118.00 in a research report released on Friday, Benzinga reports. They currently have a reduce rating on the real estate investment trust’s stock.

Several other brokerages also recently issued reports on DLR. Raymond James raised their price objective on shares of Digital Realty Trust from $140.00 to $170.00 and gave the stock a strong-buy rating in a research report on Friday, February 16th. Evercore ISI reissued an outperform rating and set a $154.00 price objective on shares of Digital Realty Trust in a research report on Wednesday, March 27th. Wells Fargo & Company raised shares of Digital Realty Trust from an equal weight rating to an overweight rating and raised their price objective for the stock from $135.00 to $155.00 in a research report on Tuesday, April 9th. Truist Financial lifted their target price on shares of Digital Realty Trust from $145.00 to $158.00 and gave the company a buy rating in a report on Monday, March 18th. Finally, Royal Bank of Canada reiterated an outperform rating and issued a $144.00 price target on shares of Digital Realty Trust in a report on Friday, February 16th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Digital Realty Trust presently has a consensus rating of Hold and an average target price of $142.65.

Digital Realty Trust Stock Performance

DLR stock traded up $6.85 on Friday, hitting $147.00. The company’s stock had a trading volume of 3,309,695 shares, compared to its average volume of 1,588,043. Digital Realty Trust has a 1 year low of $86.33 and a 1 year high of $154.18. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.92. The stock has a market cap of $45.93 billion, a price-to-earnings ratio of 40.84, a price-to-earnings-growth ratio of 3.19 and a beta of 0.55. The firm has a 50 day moving average of $142.09 and a two-hundred day moving average of $137.15.

Digital Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $1.22 dividend. The ex-dividend date was Thursday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.32%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 135.56%.

Insider Activity

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total transaction of $494,700.00. Following the completion of the sale, the director now directly owns 8,413 shares of the company’s stock, valued at approximately $1,224,091.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.39% of the company’s stock.

Institutional Trading of Digital Realty Trust

A number of institutional investors have recently added to or reduced their stakes in the business. Catalina Capital Group LLC boosted its position in Digital Realty Trust by 40.8% during the 1st quarter. Catalina Capital Group LLC now owns 2,139 shares of the real estate investment trust’s stock worth $308,000 after purchasing an additional 620 shares during the period. Mediolanum International Funds Ltd purchased a new position in Digital Realty Trust in the 1st quarter valued at about $6,656,000. BI Asset Management Fondsmaeglerselskab A S boosted its position in Digital Realty Trust by 7.9% in the 1st 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 buying an additional 4,578 shares during the last quarter. Smith Salley Wealth Management boosted its position in Digital Realty Trust by 5.3% in the 1st quarter. Smith Salley Wealth Management now owns 8,765 shares of the real estate investment trust’s stock valued at $1,262,000 after buying an additional 443 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in Digital Realty Trust by 86.3% in the 1st quarter. Jennison Associates LLC now owns 336,578 shares of the real estate investment trust’s stock valued at $48,481,000 after buying an additional 155,926 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other 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.