Fintel reports that on September 20, 2023, Truist Securities maintained coverage of Digital Realty Trust (NYSE:DLR) with a Buy recommendation.
Analyst Price Forecast Suggests 0.36% Downside
As of August 31, 2023, the average one-year price target for Digital Realty Trust is 126.54. The forecasts range from a low of 94.94 to a high of $151.20. The average price target represents a decrease of 0.36% from its latest reported closing price of 126.99.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Digital Realty Trust is 5,109MM, a decrease of 0.02%. The projected annual non-GAAP EPS is 1.23.
Digital Realty Trust Declares $1.22 Dividend
On August 9, 2023 the company declared a regular quarterly dividend of $1.22 per share ($4.88 annualized). Shareholders of record as of September 15, 2023 will receive the payment on September 29, 2023. Previously, the company paid $1.22 per share.
At the current share price of $126.99 / share, the stock's dividend yield is 3.84%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.60%, the lowest has been 2.65%, and the highest has been 5.44%. The standard deviation of yields is 0.61 (n=236).
The current dividend yield is 0.40 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 3.45. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.09%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1684 funds or institutions reporting positions in Digital Realty Trust. This is an increase of 19 owner(s) or 1.14% in the last quarter. Average portfolio weight of all funds dedicated to DLR is 0.59%, an increase of 22.61%. Total shares owned by institutions increased in the last three months by 3.68% to 350,287K shares. 
The put/call ratio of DLR is 2.92, indicating a bearish outlook.
What are Other Shareholders Doing?
Cohen & Steers holds 29,860K shares representing 9.86% ownership of the company. In it's prior filing, the firm reported owning 32,028K shares, representing a decrease of 7.26%. The firm increased its portfolio allocation in DLR by 5.32% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 12,011K shares representing 3.97% ownership of the company. In it's prior filing, the firm reported owning 12,193K shares, representing a decrease of 1.51%. The firm decreased its portfolio allocation in DLR by 5.57% over the last quarter.
APG Asset Management US holds 9,554K shares representing 3.16% ownership of the company. In it's prior filing, the firm reported owning 10,021K shares, representing a decrease of 4.88%. The firm increased its portfolio allocation in DLR by 8.04% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 9,086K shares representing 3.00% ownership of the company. In it's prior filing, the firm reported owning 9,012K shares, representing an increase of 0.82%. The firm increased its portfolio allocation in DLR by 7.75% over the last quarter.
Bank Of America holds 7,349K shares representing 2.43% ownership of the company. In it's prior filing, the firm reported owning 3,495K shares, representing an increase of 52.44%. The firm increased its portfolio allocation in DLR by 148.54% over the last quarter.
Digital Realty Trust Background Information
(This description is provided by the company.)
Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL®, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture (PDx™) solution methodology for scaling digital business and efficiently managing data gravity challenges. Digital Realty's global data center footprint gives customers access to the connected communities that matter to them with more than 290 facilities in 49 metros across 24 countries on six continents.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
