Digital Realty Trust (NYSE:DLR) Earns Market Outperform Rating from JMP Securities

JMP Securities restated their market outperform rating on shares of Digital Realty Trust (NYSE:DLR - Free Report) in a research report report published on Tuesday,Benzinga reports. The firm currently has a $220.00 price target on the real estate investment trust's stock.

A number of other analysts have also recently weighed in on DLR. Evercore ISI raised their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. 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 report on Friday, October 25th. Royal Bank of Canada raised their price target on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an "outperform" rating in a report on Monday, October 28th. Scotiabank upgraded shares of Digital Realty Trust from a "sector perform" rating to a "sector outperform" rating and set a $208.00 price target on the stock in a report on Tuesday. Finally, TD Cowen raised their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a "hold" rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $179.95.

Digital Realty Trust Stock Down 3.9 %

Digital Realty Trust stock traded down $6.74 during midday trading on Tuesday, hitting $165.26. 2,498,440 shares of the company's stock were exchanged, compared to its average volume of 2,345,157. 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 50-day moving average of $173.51 and a two-hundred day moving average of $169.43. The company has a market cap of $54.82 billion, a PE ratio of 102.01, a P/E/G ratio of 4.33 and a beta of 0.63.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. As a group, analysts expect that Digital Realty Trust will post 7.05 earnings per share for the current fiscal 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 that occurred 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Digital Realty Trust

Several institutional investors have recently made changes to their positions in DLR. Norges Bank purchased a new position in shares of Digital Realty Trust during the 4th quarter valued at approximately $3,858,428,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Digital Realty Trust by 501.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust's stock valued at $700,224,000 after purchasing an additional 3,607,802 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Digital Realty Trust by 57.5% during the 4th quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust's stock valued at $900,934,000 after purchasing an additional 1,854,748 shares in the last quarter. Pathway Financial Advisers LLC increased its holdings in shares of Digital Realty Trust by 15,301.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust's stock valued at $299,433,000 after purchasing an additional 1,838,278 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Digital Realty Trust by 66.6% during the 4th quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust's stock valued at $546,499,000 after purchasing an additional 1,232,043 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

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.