StockNews.com Upgrades Digital Realty Trust (NYSE:DLR) to "Hold"

Digital Realty Trust (NYSE:DLR - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Friday.

A number of other research firms have also recently weighed in on DLR. Evercore ISI upped their price target on Digital Realty Trust from $160.00 to $175.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. JMP Securities reaffirmed a "market outperform" rating and set a $220.00 target price on shares of Digital Realty Trust in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their price target for the company from $185.00 to $194.00 in a research note on Wednesday, January 15th. Citizens Jmp upgraded shares of Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. Finally, Truist Financial lifted their target price on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust presently has an average rating of "Moderate Buy" and a consensus target price of $179.95.

Digital Realty Trust Stock Performance

Shares of NYSE DLR traded up $1.21 during midday trading on Friday, reaching $165.49. 2,364,083 shares of the stock were exchanged, compared to its average volume of 2,354,383. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a market cap of $54.90 billion, a price-to-earnings ratio of 139.07, a PEG ratio of 4.27 and a beta of 0.63. The firm has a 50-day simple moving average of $174.97 and a two-hundred day simple moving average of $169.16. Digital Realty Trust has a twelve month low of $131.42 and a twelve month high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. As a group, analysts anticipate that Digital Realty Trust will post 6.71 EPS for the current fiscal year.

Insider Transactions at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.17% of the company's stock.

Hedge Funds Weigh In On Digital Realty Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Sierra Ocean LLC purchased a new stake in shares of Digital Realty Trust during the 4th quarter valued at approximately $29,000. FNY Investment Advisers LLC purchased a new stake in Digital Realty Trust in the fourth quarter valued at $35,000. Fairway Wealth LLC acquired a new position in shares of Digital Realty Trust in the 4th quarter valued at $35,000. Versant Capital Management Inc grew its holdings in shares of 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 worth $37,000 after purchasing an additional 173 shares during the period. Finally, Centricity Wealth Management LLC purchased a new position in shares of Digital Realty Trust during the 4th quarter worth $37,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

About Digital Realty Trust

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.