Scotiabank upgraded shares of Digital Realty Trust (NYSE:DLR - Free Report) from a sector perform rating to a sector outperform rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage currently has $208.00 price target on the real estate investment trust's stock.
Several other research analysts also recently commented on DLR. Raymond James raised their price objective on 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. Evercore ISI increased their target price on Digital Realty Trust from $160.00 to $175.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Citizens Jmp upgraded Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. Royal Bank of Canada increased their target price on Digital Realty Trust from $177.00 to $207.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. Finally, Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a "hold" rating to a "buy" rating and increased their target price for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $179.95.
Check Out Our Latest Analysis on Digital Realty Trust
Digital Realty Trust Stock Performance
Shares of NYSE DLR traded down $6.74 during trading on Tuesday, hitting $165.26. The company had a trading volume of 2,498,440 shares, compared to its average volume of 2,345,157. The stock has a 50 day simple moving average of $173.51 and a 200 day simple moving average of $169.43. 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 has a 12 month low of $135.54 and a 12 month high of $198.00. The firm has a market capitalization of $54.82 billion, a P/E ratio of 102.01, a price-to-earnings-growth ratio of 4.33 and a beta of 0.63.
Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data 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, analysts anticipate that Digital Realty Trust will post 7.05 earnings per share for the current year.
Insider Buying and Selling
In other news, CFO Matt Mercier sold 2,518 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Digital Realty Trust
Large investors have recently made changes to their positions in the stock. AEGON ASSET MANAGEMENT UK Plc grew its position in shares of Digital Realty Trust by 17.7% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust's stock valued at $11,768,000 after purchasing an additional 9,959 shares in the last quarter. Capital Investment Advisors LLC lifted its stake in Digital Realty Trust by 26.4% during the fourth quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust's stock worth $9,682,000 after purchasing an additional 11,405 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in Digital Realty Trust by 6.4% during the third quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust's stock worth $61,643,000 after purchasing an additional 23,028 shares in the last quarter. Cumberland Partners Ltd raised its stake in shares of Digital Realty Trust by 207.3% in the third quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust's stock valued at $7,540,000 after acquiring an additional 31,430 shares in the last quarter. Finally, Leavell Investment Management Inc. raised its stake in shares of Digital Realty Trust by 74.1% in the fourth quarter. Leavell Investment Management Inc. now owns 18,283 shares of the real estate investment trust's stock valued at $3,262,000 after acquiring an additional 7,781 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.
Digital Realty Trust Company Profile
(
Get Free Report)
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.
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