Mizuho Cuts Digital Realty Trust (NYSE:DLR) Price Target to $177.00

Digital Realty Trust (NYSE:DLR) had its price objective reduced by Mizuho from $211.00 to $177.00 in a research note released on Friday,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other research analysts also recently weighed in on the stock. JMP Securities restated a “market outperform” rating and set a $220.00 price target on shares of Digital Realty Trust in a report on Tuesday, February 18th. Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Scotiabank raised Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price objective on the stock in a report on Tuesday, February 18th. StockNews.com lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. Finally, UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $180.32.

Digital Realty Trust Price Performance

NYSE DLR opened at $142.10 on Friday. The company has a 50 day simple moving average of $160.10 and a 200-day simple moving average of $169.92. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. Digital Realty Trust has a 52-week low of $135.54 and a 52-week high of $198.00. The firm has a market capitalization of $47.84 billion, a price-to-earnings ratio of 87.71, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Equities research analysts predict that Digital Realty Trust will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Friday, March 14th. Digital Realty Trust’s dividend payout ratio is 301.23%.

Institutional Trading of Digital Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its stake in shares of Digital Realty Trust by 4.2% in the 4th quarter. Wellington Management Group LLP now owns 325,678 shares of the real estate investment trust’s stock valued at $57,752,000 after purchasing an additional 13,259 shares during the period. Fairtree Asset Management Pty Ltd acquired a new stake in Digital Realty Trust in the 4th quarter valued at $1,353,000. Thoma Capital Management LLC bought a new stake in Digital Realty Trust in the fourth quarter valued at $342,000. Lighthouse Financial LLC acquired a new position in Digital Realty Trust during the fourth quarter worth $239,000. Finally, Capstone Triton Financial Group LLC raised its stake in Digital Realty Trust by 33.7% during the fourth quarter. Capstone Triton Financial Group LLC now owns 10,281 shares of the real estate investment trust’s stock worth $1,823,000 after acquiring an additional 2,593 shares in the last quarter. Institutional investors 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.