Digital Realty Trust (NYSE:DLR) Coverage Initiated by Analysts at Morgan Stanley
by Michael Walen · The Markets DailyMorgan Stanley started coverage on shares of Digital Realty Trust (NYSE:DLR – Free Report) in a research note published on Thursday, Marketbeat Ratings reports. The firm issued an equal weight rating and a $195.00 price target on the real estate investment trust’s stock.
DLR has been the topic of several other reports. Moffett Nathanson boosted their price objective on shares of Digital Realty Trust from $163.00 to $166.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Guggenheim assumed coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They issued a “neutral” rating on the stock. Wells Fargo & Company upped their price target on shares of Digital Realty Trust from $185.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Citigroup reiterated a “buy” rating on shares of Digital Realty Trust in a research note on Tuesday, August 26th. Finally, Barclays upped their price target on shares of Digital Realty Trust from $140.00 to $141.00 and gave the company an “underweight” rating in a research note on Wednesday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $191.25.
Digital Realty Trust Stock Down 0.7%
Digital Realty Trust stock opened at $174.02 on Thursday. The firm has a market capitalization of $59.35 billion, a PE ratio of 45.67, a P/E/G ratio of 4.93 and a beta of 0.96. The company’s 50-day moving average is $169.96 and its 200-day moving average is $167.48. Digital Realty Trust has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22.
Digital Realty Trust (NYSE:DLR – Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.13. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. Digital Realty Trust’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.65 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Sell-side analysts anticipate that Digital Realty Trust will post 7.07 earnings per share for the current year.
Digital Realty Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, September 15th. Digital Realty Trust’s dividend payout ratio is presently 128.08%.
Insider Activity
In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in DLR. Norges Bank bought a new stake in shares of Digital Realty Trust during the 2nd quarter worth approximately $3,808,270,000. Canada Pension Plan Investment Board lifted its holdings in shares of Digital Realty Trust by 63.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust’s stock worth $1,023,769,000 after acquiring an additional 2,760,286 shares during the period. Nuveen LLC bought a new stake in shares of Digital Realty Trust during the 1st quarter worth approximately $342,389,000. Vanguard Group Inc. lifted its holdings in shares of Digital Realty Trust by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust’s stock worth $7,505,367,000 after acquiring an additional 925,674 shares during the period. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of Digital Realty Trust by 41.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,129,819 shares of the real estate investment trust’s stock worth $448,422,000 after acquiring an additional 918,549 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.
Digital Realty Trust Company Profile
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.
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