Fintel reports that on May 19, 2023, Citigroup Maintained Coverage of Digital Realty Trust (NYSE: DLR) with Purchase recommendation.
Analyst Price Forecast Indicates 25.24% Upside
By May 11, 2023, average one year price target 117.98 for Digital Realty Trust. Forecasts range from a low of $80.80 to a high of $183.75. The average price target shows an upside of 25.24% from the latest closing price of 94.20.
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The estimated annual revenue for Digital Realty Trust is ₹5,109MM, a growth of 5.48%. Estimated Annual Non-GAAP eps is 1.23.
Digital Realty Trust Declares $1.22 Dividend
On February 22, 2023, the company announced regular quarterly dividend $1.22 per share ($4.88 annualized). Shareholders of record through March 15, 2023 received the payment on March 31, 2023. Previously, the company paid $1.22 per share.
At the current share price of $94.20/share, the stock’s dividend yield is 5.18%.
Looking back five years and taking one sample each week, the average dividend yield has been 3.55%, with a low of 2.65%, and a high of 5.44%. The standard deviation of the yield is 0.58 (n=237).
The current dividend yield is 2.80 standard deviations from the historical average.
Additionally, the company has a dividend payout ratio of 3.81. The payout ratio tells us how much of a company’s earnings is paid out in dividends. A payout ratio of one (1.0) means that 100% of the company’s earnings are paid out in dividends. A payout ratio greater than one means the company is dipping into savings to maintain its dividend — not a healthy situation. Companies with some growth potential are expected to pay out most of their earnings in dividends, which typically have a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some of the earnings to invest in those growth prospects, which translates into a payout ratio of zero to 0.5.
The company has a 3-year dividend growth rate of 0.09%, indicating that it has increased its dividend over time.
What is Fund Sentiment?
there are Reporting of 1688 funding or institution positions In Digital Realty Trust. This is a decrease of 45 owners or 2.60% over the previous quarter. average portfolio weight of all funds 0.49% dedicated to DLR, an increase of 15.39%. Total shares owned by institutions increased by 2.19% to 336,093K shares in the past three months. put/call ratio The DLR stands at 4.37, indicating a bearish outlook.
What are the other shareholders doing?
Cohen & Steers The company holds 32,028K shares representing 10.99% ownership. In its prior filing, the firm reported holdings representing 28,222K shares. a hike of 11.88%. Firm increased Its portfolio allocation in DLR has increased by 8.87% over the previous quarter.
VGSIX – Vanguard Real Estate Index Fund Investor Shares The company holds 12,193K shares representing 4.18% ownership. In its prior filing, the firm reported representing 12,283K shares. fall short of 0.74%. Firm increased Its portfolio allocation in DLR is higher by 3.95% as compared to the previous quarter.
APG Asset Management US The company holds 10,021K shares representing 3.44% ownership. In its prior filing, the firm reported representing 9,995K shares. a hike of 0.26%. Firm fell short of Its portfolio allocation in DLR is higher by 0.73% as compared to the previous quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares The company holds 8,737K shares representing 3.00% ownership. In its prior filing, the firm reported representing 8,569K shares. a hike of 1.92%. Firm fell short of Its portfolio allocation in DLR has increased by 4.81% over the previous quarter.
major financial groups The company holds 7,171K shares representing 2.46% ownership. In its prior filing, the firm reported holdings representing 6,994K shares. a hike of 2.46%. Firm fell short of Its portfolio allocation in DLR is 45.86% higher than the previous 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 providing a full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL®, the company’s global data center platform, provides customers with a trusted foundation and proven Pervasive Datacenter Architecture (PDx™) solution methodology to scale digital businesses and efficiently manage data gravity challenges. Digital Realty’s global data center footprint gives clients access to connected communities with over 290 facilities in 49 metros across 24 countries on six continents.
Main filing for this company:
This story originally appeared on fintail,
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