Digital Realty Trust (NYSE:DLR) Price Target Raised to $142.00

Digital Realty Trust (NYSE:DLR - Get Free Report) had its target price upped by Barclays from $135.00 to $142.00 in a research report issued on Monday,Benzinga reports. The firm currently has an "underweight" rating on the real estate investment trust's stock. Barclays's target price points to a potential downside of 22.53% from the stock's previous close.

DLR has been the subject of a number of other reports. Jefferies Financial Group boosted their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a report on Friday, October 25th. Raymond James increased their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a "strong-buy" rating in a research note on Friday, October 25th. Stifel Nicolaus reiterated a "buy" rating and set a $195.00 price target (up previously from $185.00) on shares of Digital Realty Trust in a research report on Friday, October 25th. Truist Financial increased their target price on Digital Realty Trust from $168.00 to $202.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Digital Realty Trust from $180.00 to $185.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $169.84.

Digital Realty Trust Stock Up 2.0 %

NYSE DLR traded up $3.62 during trading on Monday, hitting $183.29. The company's stock had a trading volume of 2,316,335 shares, compared to its average volume of 1,866,850. Digital Realty Trust has a fifty-two week low of $130.00 and a fifty-two week high of $193.88. The company has a market cap of $60.80 billion, a PE ratio of 150.98, a P/E/G ratio of 4.77 and a beta of 0.59. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The business's 50 day simple moving average is $166.56 and its 200-day simple moving average is $155.01.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the prior year, the business posted $1.62 EPS. The company's quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts anticipate that Digital Realty Trust will post 6.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. TD Private Client Wealth LLC raised its stake in shares of Digital Realty Trust by 6.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,087 shares of the real estate investment trust's stock valued at $176,000 after acquiring an additional 67 shares during the period. Toronto Dominion Bank lifted its stake in Digital Realty Trust by 34.8% during the third quarter. Toronto Dominion Bank now owns 155,154 shares of the real estate investment trust's stock worth $25,109,000 after purchasing an additional 40,064 shares in the last quarter. Chiron Investment Management LLC raised its holdings in shares of Digital Realty Trust by 69.7% in the 3rd quarter. Chiron Investment Management LLC now owns 8,266 shares of the real estate investment trust's stock valued at $1,338,000 after buying an additional 3,395 shares during the period. Coldstream Capital Management Inc. grew its position in Digital Realty Trust by 10.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 5,587 shares of the real estate investment trust's stock valued at $912,000 after acquiring an additional 543 shares in the last quarter. Finally, Prestige Wealth Management Group LLC lifted its holdings in Digital Realty Trust by 3,056.0% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 4,229 shares of the real estate investment trust's stock worth $684,000 after buying an additional 4,095 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

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.