Digital Realty Trust (NYSE:DLR) Reaches New 12-Month High – Here’s What Happened

Digital Realty Trust, Inc. (NYSE:DLR)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $193.97 and last traded at $193.61, with a volume of 1074304 shares changing hands. The stock had previously closed at $192.82.

Wall Street Analyst Weigh In

Several brokerages have commented on DLR. Scotiabank lifted their price target on Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Stifel Nicolaus upped their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Barclays raised their price target on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research report on Monday, November 18th. Truist Financial increased their target price on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Argus downgraded Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of “Hold” and an average target price of $170.37.

Digital Realty Trust Stock Up 0.6 %

The firm has a market capitalization of $64.78 billion, a price-to-earnings ratio of 164.13, a P/E/G ratio of 5.12 and a beta of 0.59. The firm has a fifty day moving average price of $171.67 and a 200 day moving average price of $157.53. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the firm posted $1.62 EPS. Digital Realty Trust’s revenue for the quarter was up 2.1% compared to the same quarter last year. Sell-side analysts anticipate that Digital Realty Trust, Inc. will post 6.71 EPS for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be given a $1.22 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.50%. Digital Realty Trust’s payout ratio is 410.08%.

Hedge Funds Weigh In On Digital Realty Trust

Hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Digital Realty Trust by 501.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock valued at $700,224,000 after buying an additional 3,607,802 shares during the period. Pathway Financial Advisers LLC grew its stake in shares of Digital Realty Trust by 15,301.1% during the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock worth $299,433,000 after purchasing an additional 1,838,278 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Digital Realty Trust by 543.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust’s stock valued at $220,068,000 after buying an additional 1,773,591 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Digital Realty Trust in the 3rd quarter valued at about $132,980,000. Finally, Wulff Hansen & CO. raised its position in shares of Digital Realty Trust by 15,105.0% in the 2nd quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust’s stock valued at $121,006,000 after acquiring an additional 790,596 shares during the period. 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.