Digital Realty Trust (NYSE:DLR) Price Target Raised to $170.00

Digital Realty Trust (NYSE:DLR) had its price objective raised by Wells Fargo & Company from $155.00 to $170.00 in a research note published on Tuesday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the real estate investment trust’s stock.

DLR has been the subject of a number of other reports. Morgan Stanley upped their price objective on shares of Digital Realty Trust from $100.00 to $108.00 and gave the stock an equal weight rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. raised Digital Realty Trust from a neutral rating to an overweight rating and raised their target price for the company from $150.00 to $175.00 in a report on Friday, June 28th. Stifel Nicolaus upped their price target on Digital Realty Trust from $165.00 to $175.00 and gave the stock a buy rating in a report on Friday, July 12th. Mizuho assumed coverage on shares of Digital Realty Trust in a research note on Thursday, July 11th. They issued an outperform rating and a $170.00 price objective on the stock. Finally, Royal Bank of Canada upped their target price on shares of Digital Realty Trust from $144.00 to $160.00 and gave the company an outperform rating in a research note on Monday, June 3rd. Three analysts have rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $152.30.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $147.37 on Tuesday. Digital Realty Trust has a fifty-two week low of $113.94 and a fifty-two week high of $162.58. The stock’s 50-day moving average is $149.53 and its two-hundred day moving average is $144.32. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market cap of $46.04 billion, a P/E ratio of 40.94, a PEG ratio of 11.30 and a beta of 0.59.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $1.22 per share. The ex-dividend date was Friday, June 14th. This represents a $4.88 annualized dividend and a yield of 3.31%. Digital Realty Trust’s dividend payout ratio is 135.56%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DLR. Vanguard Group Inc. increased its holdings in Digital Realty Trust by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock valued at $6,986,458,000 after purchasing an additional 951,567 shares in the last quarter. Norges Bank bought a new position in shares of Digital Realty Trust in the fourth quarter valued at about $2,141,890,000. Principal Financial Group Inc. raised its holdings in shares of Digital Realty Trust by 1.7% in the fourth quarter. Principal Financial Group Inc. now owns 5,829,206 shares of the real estate investment trust’s stock valued at $784,495,000 after buying an additional 97,509 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in Digital Realty Trust by 4.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,680,249 shares of the real estate investment trust’s stock worth $674,143,000 after acquiring an additional 182,100 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Digital Realty Trust by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,236,434 shares of the real estate investment trust’s stock worth $435,559,000 after acquiring an additional 85,262 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

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.