Analysts Set Digital Realty Trust, Inc. (NYSE:DLR) PT at $179.95

Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty-three brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, fifteen have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $179.95.

Several research analysts recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Royal Bank of Canada increased their price target on Digital Realty Trust from $177.00 to $207.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. Scotiabank raised shares of Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 price target for the company in a research report on Tuesday. Raymond James raised their price target on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a "strong-buy" rating in a research report on Friday, October 25th. Finally, TD Cowen lifted their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a "hold" rating in a report on Friday, October 25th.

Digital Realty Trust Trading Down 3.9 %

Shares of NYSE DLR traded down $6.74 during midday trading on Friday, reaching $165.26. The stock had a trading volume of 2,498,440 shares, compared to its average volume of 2,345,157. Digital Realty Trust has a twelve month low of $135.54 and a twelve month high of $198.00. The company's 50 day moving average price is $173.91 and its 200 day moving average price is $169.29. The firm has a market cap of $54.82 billion, a price-to-earnings ratio of 102.01, a price-to-earnings-growth ratio of 4.33 and a beta of 0.63. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. As a group, sell-side analysts expect that Digital Realty Trust will post 7.05 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Digital Realty Trust

Institutional investors have recently made changes to their positions in the business. Putney Financial Group LLC bought a new stake in Digital Realty Trust in the fourth quarter valued at $93,000. Mackenzie Financial Corp grew its holdings in Digital Realty Trust by 9.8% in the fourth quarter. Mackenzie Financial Corp now owns 27,405 shares of the real estate investment trust's stock worth $4,860,000 after purchasing an additional 2,449 shares during the period. Forum Financial Management LP increased its holdings in shares of Digital Realty Trust by 8.6% during the fourth quarter. Forum Financial Management LP now owns 1,797 shares of the real estate investment trust's stock valued at $319,000 after acquiring an additional 142 shares in the last quarter. Toronto Dominion Bank lifted its stake in shares of Digital Realty Trust by 9.7% in the fourth quarter. Toronto Dominion Bank now owns 170,233 shares of the real estate investment trust's stock worth $30,187,000 after buying an additional 15,079 shares in the last quarter. Finally, Auxier Asset Management bought a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $214,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.