JPMorgan Chase & Co. Increases Digital Realty Trust (NYSE:DLR) Price Target to $185.00

Digital Realty Trust (NYSE:DLR) had its price target hoisted by equities researchers at JPMorgan Chase & Co. from $180.00 to $185.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 0.13% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Mizuho assumed coverage on Digital Realty Trust in a research note on Thursday, July 11th. They issued an “outperform” rating and a $170.00 target price for the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $195.00 target price (up from $185.00) on shares of Digital Realty Trust in a research report on Friday. 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. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their price objective for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Finally, Truist Financial boosted their target price on shares of Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Digital Realty Trust presently has an average rating of “Hold” and a consensus price target of $161.44.

Digital Realty Trust Stock Up 12.2 %

Shares of Digital Realty Trust stock traded up $20.11 on Friday, hitting $185.24. 2,637,225 shares of the company’s stock traded hands, compared to its average volume of 1,814,574. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. The firm’s 50-day moving average is $156.77 and its 200 day moving average is $150.27. The stock has a market cap of $57.87 billion, a P/E ratio of 51.46, a PEG ratio of 5.08 and a beta of 0.60. Digital Realty Trust has a 52-week low of $116.73 and a 52-week high of $193.88.

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

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the 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 directly owns 9,055 shares of the company’s stock, valued at $1,360,604.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Digital Realty Trust

Several hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new position in Digital Realty Trust in the 2nd quarter valued at approximately $25,000. Gradient Investments LLC increased its stake in Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 76 shares during the period. American Capital Advisory LLC bought a new position in shares of Digital Realty Trust during the 2nd quarter worth approximately $27,000. Private Ocean LLC bought a new stake in Digital Realty Trust in the second quarter valued at $27,000. Finally, Asset Dedication LLC acquired a new stake in shares of Digital Realty Trust during the 2nd quarter worth about $31,000. 99.71% of the stock is owned by institutional investors.

About Digital Realty Trust

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.