Digital Realty Trust (NYSE:DLR) Raised to "Buy" at Deutsche Bank Aktiengesellschaft

Digital Realty Trust (NYSE:DLR - Get Free Report) was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a report released on Wednesday, MarketBeat reports. The firm presently has a $194.00 target price on the real estate investment trust's stock, up from their previous target price of $185.00. Deutsche Bank Aktiengesellschaft's price objective would suggest a potential upside of 11.00% from the company's current price.

Several other research firms also recently weighed in on DLR. TD Cowen lifted their target price on Digital Realty Trust from $120.00 to $128.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. Jefferies Financial Group boosted their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Wells Fargo & Company upped their target price on shares of Digital Realty Trust from $185.00 to $210.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 10th. Barclays boosted their price target on Digital Realty Trust from $135.00 to $142.00 and gave the company an "underweight" rating in a report on Monday, November 18th. Finally, Hsbc Global Res upgraded Digital Realty Trust from a "moderate sell" rating to a "hold" rating in a report on Friday, October 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Digital Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus target price of $177.32.

Digital Realty Trust Price Performance

NYSE DLR traded up $0.89 on Wednesday, reaching $174.78. The company had a trading volume of 1,859,805 shares, compared to its average volume of 1,875,063. The firm's 50 day moving average price is $183.21 and its 200 day moving average price is $166.36. Digital Realty Trust has a 12 month low of $131.42 and a 12 month high of $198.00. The stock has a market capitalization of $57.98 billion, a PE ratio of 146.87, a price-to-earnings-growth ratio of 4.91 and a beta of 0.64. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81.

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

Insiders Place Their Bets

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the firm's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.17% of the company's stock.

Hedge Funds Weigh In On Digital Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Adirondack Trust Co. raised its stake in shares of Digital Realty Trust by 68.6% in the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 81 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in Digital Realty Trust during the 4th quarter worth approximately $35,000. Versant Capital Management Inc lifted its stake in Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 173 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of Digital Realty Trust in the third quarter worth $38,000. Finally, First Financial Corp IN purchased a new position in shares of Digital Realty Trust during the fourth quarter worth $42,000. Hedge funds and other institutional investors 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.