Digital Realty Trust (NYSE:DLR) Downgraded to “Strong Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Digital Realty Trust (NYSE:DLR) from a hold rating to a strong sell rating in a research note issued to investors on Saturday morning.

Several other equities research analysts also recently weighed in on DLR. Morgan Stanley began coverage on Digital Realty Trust in a report on Thursday, October 16th. They set an “equal weight” rating and a $195.00 price objective on the stock. Cowen reiterated a “hold” rating on shares of Digital Realty Trust in a research report on Friday, October 24th. Wolfe Research upgraded Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price target on the stock in a report on Monday, October 20th. Truist Financial raised their price objective on shares of Digital Realty Trust from $199.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Digital Realty Trust in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $198.14.

Digital Realty Trust Trading Up 1.0%

Shares of Digital Realty Trust stock opened at $169.97 on Friday. The firm’s 50 day moving average is $171.44 and its 200 day moving average is $170.89. The firm has a market capitalization of $58.39 billion, a PE ratio of 43.92, a price-to-earnings-growth ratio of 4.13 and a beta of 0.96. Digital Realty Trust has a 1 year low of $129.95 and a 1 year high of $198.00. The company has a current ratio of 2.02, a quick ratio of 2.22 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $1.89 EPS for the quarter, beating the consensus estimate of $1.78 by $0.11. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. Equities research analysts forecast that Digital Realty Trust will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Monday, December 15th will be issued a $1.22 dividend. The ex-dividend date is Monday, December 15th. This represents a $4.88 annualized dividend and a yield of 2.9%. Digital Realty Trust’s payout ratio is presently 126.10%.

Insider Buying and Selling

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Digital Realty Trust

Large investors have recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. bought a new position in shares of Digital Realty Trust during the 3rd quarter worth approximately $25,000. Greykasell Wealth Strategies Inc. bought a new stake in shares of Digital Realty Trust in the 1st quarter valued at $26,000. South Plains Financial Inc. lifted its position in shares of Digital Realty Trust by 280.5% during the 2nd quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 115 shares during the period. Tobam bought a new position in Digital Realty Trust during the second quarter worth $28,000. Finally, Salomon & Ludwin LLC acquired a new stake in Digital Realty Trust in the third quarter worth $28,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.