Digital Realty Trust (NYSE:DLR) PT Raised to $175.00

Digital Realty Trust (NYSE:DLR) had its price target hoisted by equities research analysts at Wells Fargo & Company from $170.00 to $175.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 5.84% from the stock’s current price.

DLR has been the topic of several other reports. Mizuho began coverage on shares of Digital Realty Trust in a report on Thursday, July 11th. They set an “outperform” rating and a $170.00 target price on the stock. JPMorgan Chase & Co. raised their target price on shares of Digital Realty Trust from $175.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Truist Financial raised their target price on shares of Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Finally, TD Cowen reduced their price target on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Digital Realty Trust currently has a consensus rating of “Hold” and an average target price of $157.17.

Digital Realty Trust Stock Up 1.0 %

Digital Realty Trust stock opened at $165.35 on Thursday. The stock has a market cap of $51.66 billion, a P/E ratio of 45.93, a P/E/G ratio of 5.08 and a beta of 0.60. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. Digital Realty Trust has a twelve month low of $113.94 and a twelve month high of $165.65. The company’s 50-day moving average price is $155.83 and its two-hundred day moving average price is $149.69.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($1.43). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the company earned $1.68 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. As a group, analysts expect that Digital Realty Trust will post 6.65 EPS for the current year.

Insider Transactions at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the transaction, the director now owns 9,055 shares in the company, valued at approximately $1,360,604.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.17% of the stock is owned by company insiders.

Hedge Funds Weigh In On Digital Realty Trust

Hedge funds have recently modified their holdings of the business. Bessemer Group Inc. lifted its holdings in shares of Digital Realty Trust by 102.1% during the first quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock worth $2,813,000 after purchasing an additional 9,865 shares during the period. Cetera Investment Advisers raised its stake in Digital Realty Trust by 295.5% during the first quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock worth $4,561,000 after buying an additional 23,659 shares during the last quarter. QRG Capital Management Inc. raised its stake in Digital Realty Trust by 652.4% during the second quarter. QRG Capital Management Inc. now owns 29,292 shares of the real estate investment trust’s stock worth $4,454,000 after buying an additional 25,399 shares during the last quarter. Choreo LLC raised its stake in Digital Realty Trust by 86.8% during the second quarter. Choreo LLC now owns 8,782 shares of the real estate investment trust’s stock worth $1,336,000 after buying an additional 4,081 shares during the last quarter. Finally, Contravisory Investment Management Inc. raised its stake in Digital Realty Trust by 1,228.5% during the first quarter. Contravisory Investment Management Inc. now owns 56,196 shares of the real estate investment trust’s stock worth $8,094,000 after buying an additional 51,966 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Company Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.