Share price of Digital Realty Trust, Inc. (NYSE:DLR – Get Free Report) fell in pre-trading on Friday after TD Cowen lowered their price target on the stock from $122.00 to $120.00. The stock previously closed at $147.37, but opened at $141.32. TD Cowen currently has a Hold rating on the stock. Digital Realty Trust shares last traded at $145.00, with volume of 389,866 shares changing hands.

Other research analysts have also recently issued reports on the stock. BMO Capital Markets raised shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and increased their price target for the company from $144.00 to $170.00 in a report on Wednesday, June 26th. Wells Fargo & Company raised their price target on shares of Digital Realty Trust from $155.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Stifel Nicolaus raised their price target on shares of Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Digital Realty Trust from $143.00 to $145.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Finally, HSBC raised their price target on shares of Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a report on Friday, May 3rd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $152.20.

View our latest research report on DLR

Hedge funds weigh in on confidence in digital real estate

Several hedge funds and other institutional investors have made recent changes to their holdings. HB Wealth Management LLC increased its position in shares of Digital Realty Trust by 89.1% in the second quarter. HB Wealth Management LLC now owns 6,353 shares of the real estate investment trust worth $966,000 after purchasing an additional 2,993 shares during the period. Wright Investors Service Inc. purchased a new stake in Digital Realty Trust in the second quarter worth about $813,000. Conning Inc. increased its stake in Digital Realty Trust by 5.8% in the second quarter. Conning Inc. now owns 1,530 shares of the real estate investment trust worth $233,000 after purchasing an additional 84 shares in the last quarter. WealthShield Partners LLC increased its stake in Digital Realty Trust by 8.8% in the second quarter. WealthShield Partners LLC now owns 12,021 shares of the real estate investment trust worth $1,828,000 after acquiring an additional 971 shares in the last quarter. Finally, Checchi Capital Advisers LLC increased its stake in Digital Realty Trust by 2.4% in the second quarter. Checchi Capital Advisers LLC now owns 4,693 shares of the real estate investment trust worth $714,000 after acquiring an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s shares.

Price development Digital Realty Trust

The company has a debt-to-equity ratio of 0.91, a current ratio of 1.29 and a quick ratio of 1.29. The company’s 50-day moving average is $149.57 and its 200-day moving average is $144.48. The company has a market cap of $45.51 billion, a price to earnings ratio of 40.46, a price to earnings growth ratio of 10.68 and a beta of 0.59.

Digital Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $1.22 per share. This represents an annualized dividend of $4.88 and a yield of 3.35%. The ex-dividend date was Friday, June 14th. Digital Realty Trust’s payout ratio is currently 135.56%.

About Digital Realty Trust

(Get free report)

Digital Realty brings business and data together by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL, the company’s global data center platform, offers customers a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology to drive innovation and efficiently manage Data Gravity challenges.

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