Digital Realty Trust (NYSE:DLR) Stock Rating Lowered by Wall Street Zen

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

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. boosted their price target on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Barclays dropped their price target on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a research note on Thursday, March 20th. Bank of America started coverage on Digital Realty Trust in a research note on Monday, May 19th. They issued a “buy” rating and a $210.00 target price for the company. Citigroup lowered their price objective on Digital Realty Trust from $188.00 to $174.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Finally, JMP Securities restated a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $185.10.

Digital Realty Trust Stock Performance

NYSE DLR opened at $168.31 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average is $154.84 and its two-hundred day moving average is $166.86. Digital Realty Trust has a 12-month low of $129.95 and a 12-month high of $198.00. The stock has a market capitalization of $56.68 billion, a price-to-earnings ratio of 103.89, a PEG ratio of 4.38 and a beta of 0.93.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.04. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.67 EPS. Research analysts expect that Digital Realty Trust will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.90%. The ex-dividend date was Friday, March 14th. Digital Realty Trust’s dividend payout ratio (DPR) is presently 456.07%.

Hedge Funds Weigh In On Digital Realty Trust

Hedge funds have recently modified their holdings of the stock. Sierra Ocean LLC acquired a new position in shares of Digital Realty Trust in the 4th quarter worth $29,000. Greykasell Wealth Strategies Inc. acquired a new position in shares of Digital Realty Trust in the 1st quarter worth $26,000. Fairway Wealth LLC acquired a new position in shares of Digital Realty Trust in the 4th quarter worth $35,000. Centricity Wealth Management LLC acquired a new position in shares of Digital Realty Trust in the 4th quarter worth $37,000. Finally, WPG Advisers LLC acquired a new position in shares of Digital Realty Trust in the 1st quarter worth $30,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.