Digital Realty Trust (NYSE:DLR) Price Target Increased to $118.00 by Analysts at HSBC

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

A number of other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Digital Realty Trust from $125.00 to $140.00 and gave the company a neutral rating in a report on Tuesday, February 20th. Wells Fargo & Company raised shares of Digital Realty Trust from an equal weight rating to an overweight rating and raised their price target for the company from $135.00 to $155.00 in a research report on Tuesday, April 9th. Royal Bank of Canada restated an outperform rating and issued a $144.00 target price on shares of Digital Realty Trust in a research note on Friday, February 16th. Barclays boosted their price objective on Digital Realty Trust from $110.00 to $119.00 and gave the stock an underweight rating in a research report on Tuesday, March 5th. Finally, TD Cowen lifted their target price on Digital Realty Trust from $116.00 to $122.00 and gave the stock a hold rating in a research note on Friday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust has a consensus rating of Hold and an average price target of $142.65.

Digital Realty Trust Trading Up 4.9 %

DLR traded up $6.85 during midday trading on Friday, hitting $147.00. 3,309,695 shares of the company were exchanged, compared to its average volume of 1,588,043. The firm’s 50 day moving average price is $142.09 and its 200-day moving average price is $137.15. Digital Realty Trust has a 1-year low of $86.33 and a 1-year high of $154.18. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $45.93 billion, a P/E ratio of 40.84, a P/E/G ratio of 3.19 and a beta of 0.55.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.88 annualized dividend and a yield of 3.32%. Digital Realty Trust’s payout ratio is currently 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 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 transaction, the director now directly owns 8,413 shares of the company’s stock, valued at $1,224,091.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.39% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DLR. Rise Advisors LLC lifted its holdings in shares of Digital Realty Trust by 1,125.0% during the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 180 shares during the last quarter. GoalVest Advisory LLC bought a new position in shares of Digital Realty Trust in the first quarter worth approximately $29,000. Baldwin Brothers LLC MA lifted its holdings in shares of Digital Realty Trust by 528.6% during the fourth quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 185 shares in the last quarter. Operose Advisors LLC purchased a new position in Digital Realty Trust in the 3rd quarter worth about $27,000. Finally, Bfsg LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter worth approximately $31,000. 99.71% of the stock is 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.