SunTrust Banks, Inc. reaffirmed their buy rating on shares of Digital Realty Trust, Inc. (NYSE:DLR) in a research note published on Friday morning. The firm currently has a $140.00 price objective on the real estate investment trust’s stock.
A number of other analysts also recently weighed in on the stock. TheStreet downgraded shares of Digital Realty Trust from a b rating to a c+ rating in a research report on Monday, October 30th. Zacks Investment Research downgraded shares of Digital Realty Trust from a buy rating to a hold rating in a research report on Tuesday, October 31st. KeyCorp set a $130.00 price objective on shares of Digital Realty Trust and gave the company a buy rating in a research report on Sunday, October 29th. Deutsche Bank AG increased their price objective on shares of Digital Realty Trust from $111.00 to $130.00 and gave the company a hold rating in a research report on Thursday, October 26th. Finally, Jefferies Group LLC reissued a hold rating and set a $120.00 price objective on shares of Digital Realty Trust in a research report on Tuesday, October 24th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $125.43.
Shares of Digital Realty Trust (DLR) opened at $117.41 on Friday. The firm has a market cap of $24,120.00, a PE ratio of 19.75, a PEG ratio of 3.02 and a beta of -0.09. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.46 and a quick ratio of 0.46. Digital Realty Trust has a 1 year low of $88.22 and a 1 year high of $127.23.
Digital Realty Trust (NYSE:DLR) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $1.11. The firm had revenue of $609.90 million for the quarter, compared to the consensus estimate of $595.49 million. Digital Realty Trust had a net margin of 11.71% and a return on equity of 5.15%. The company’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.44 EPS. research analysts anticipate that Digital Realty Trust will post 6.09 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.17%. The ex-dividend date is Thursday, December 14th. Digital Realty Trust’s dividend payout ratio is currently 302.44%.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its stake in shares of Digital Realty Trust by 29.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 321,655 shares of the real estate investment trust’s stock worth $38,061,000 after purchasing an additional 73,766 shares during the period. Belpointe Asset Management LLC bought a new position in shares of Digital Realty Trust in the 3rd quarter worth approximately $543,000. IFM Investors Pty Ltd bought a new position in shares of Digital Realty Trust in the 3rd quarter worth approximately $551,000. Fieldpoint Private Securities LLC bought a new position in shares of Digital Realty Trust in the 3rd quarter worth approximately $134,000. Finally, Sterling Capital Management LLC lifted its stake in shares of Digital Realty Trust by 43.1% in the 3rd quarter. Sterling Capital Management LLC now owns 43,355 shares of the real estate investment trust’s stock worth $5,130,000 after purchasing an additional 13,049 shares during the period.
Digital Realty Trust Company Profile
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
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