Digital Realty Trust (NYSE:DLR) Upgraded at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Digital Realty Trust (NYSE:DLR) to a strong-buy rating in a research report report published on Wednesday morning,Zacks.com reports.

DLR has been the subject of a number of other reports. TD Cowen restated a “hold” rating on shares of Digital Realty Trust in a report on Friday, February 6th. Deutsche Bank Aktiengesellschaft started coverage on Digital Realty Trust in a research report on Monday, January 5th. They issued a “buy” rating and a $180.00 price target on the stock. HSBC set a $193.00 price target on Digital Realty Trust and gave the company a “buy” rating in a research note on Thursday, January 15th. Citigroup lowered their price objective on Digital Realty Trust from $212.00 to $190.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Digital Realty Trust in a report on Thursday, January 29th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $193.36.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $176.21 on Wednesday. The stock’s 50-day moving average is $167.28 and its 200-day moving average is $166.39. Digital Realty Trust has a 1-year low of $129.95 and a 1-year high of $184.79. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.81. The stock has a market cap of $60.55 billion, a P/E ratio of 48.95, a price-to-earnings-growth ratio of 3.98 and a beta of 1.12.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, February 5th. The real estate investment trust reported $1.86 EPS for the quarter, topping the consensus estimate of $1.83 by $0.03. Digital Realty Trust had a net margin of 21.41% and a return on equity of 5.88%. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the company earned $1.73 EPS. The firm’s revenue was up 13.8% compared to the same quarter last year. Digital Realty Trust has set its FY 2026 guidance at 7.900-8.000 EPS. Equities research analysts anticipate that Digital Realty Trust will post 7.07 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $4.88 dividend on an annualized basis and a yield of 2.8%. Digital Realty Trust’s dividend payout ratio is 135.56%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Pinnacle Bancorp Inc. bought a new stake in shares of Digital Realty Trust during the 3rd quarter valued at about $25,000. South Plains Financial Inc. increased its holdings in Digital Realty Trust by 280.5% in the second quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 115 shares in the last quarter. Tobam acquired a new position in Digital Realty Trust in the second quarter valued at approximately $28,000. Salomon & Ludwin LLC acquired a new position in Digital Realty Trust in the third quarter valued at approximately $28,000. Finally, Sunbelt Securities Inc. boosted its holdings in shares of Digital Realty Trust by 347.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 125 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

About Digital Realty Trust

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.