JPMorgan Chase & Co. Issues Positive Forecast for Digital Realty Trust (NYSE:DLR) Stock Price

Digital Realty Trust (NYSE:DLR - Get Free Report) had its price target lifted by research analysts at JPMorgan Chase & Co. from $185.00 to $190.00 in a research note issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 14.81% from the stock's previous close.

A number of other research firms also recently commented on DLR. Barclays raised their price objective on Digital Realty Trust from $135.00 to $142.00 and gave the stock an "underweight" rating in a report on Monday, November 18th. Wells Fargo & Company cut their price target on shares of Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. UBS Group upgraded shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. TD Cowen increased their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. 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 report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $179.95.

Digital Realty Trust Trading Up 0.7 %

Shares of DLR traded up $1.21 during mid-day trading on Friday, hitting $165.49. The company had a trading volume of 2,364,083 shares, compared to its average volume of 2,354,383. Digital Realty Trust has a 1-year low of $131.42 and a 1-year high of $198.00. The business's 50-day simple moving average is $174.97 and its 200-day simple moving average is $169.16. The stock has a market cap of $54.90 billion, a PE ratio of 139.07, a P/E/G ratio of 4.27 and a beta of 0.63. 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, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. Sell-side analysts forecast that Digital Realty Trust will post 6.71 earnings per share for the current year.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of the business'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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.17% of the company's stock.

Hedge Funds Weigh In On Digital Realty Trust

Hedge funds have recently added to or reduced their stakes in the business. Vise Technologies Inc. lifted its position in shares of Digital Realty Trust by 122.2% in the 4th quarter. Vise Technologies Inc. now owns 4,353 shares of the real estate investment trust's stock worth $772,000 after buying an additional 2,394 shares during the last quarter. Pacific Center for Financial Services lifted its holdings in Digital Realty Trust by 30.6% in the fourth quarter. Pacific Center for Financial Services now owns 593 shares of the real estate investment trust's stock worth $105,000 after acquiring an additional 139 shares during the last quarter. Focus Partners Advisor Solutions LLC acquired a new position in Digital Realty Trust in the fourth quarter valued at approximately $576,000. Continuum Advisory LLC grew its holdings in shares of Digital Realty Trust by 25.0% during the fourth quarter. Continuum Advisory LLC now owns 410 shares of the real estate investment trust's stock valued at $73,000 after purchasing an additional 82 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Digital Realty Trust by 11.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,819,606 shares of the real estate investment trust's stock worth $854,661,000 after purchasing an additional 492,692 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

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.