Mizuho Issues Pessimistic Forecast for Digital Realty Trust (NYSE:DLR) Stock Price

Digital Realty Trust (NYSE:DLR - Get Free Report) had its price objective reduced by equities researchers at Mizuho from $211.00 to $177.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the real estate investment trust's stock. Mizuho's price target would indicate a potential upside of 22.87% from the company's previous close.

Other research analysts have also recently issued reports about the company. Wells Fargo & Company reduced their price objective on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. StockNews.com downgraded shares of Digital Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of 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 report on Wednesday, January 15th. JPMorgan Chase & Co. lifted their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, UBS Group upgraded shares of Digital Realty Trust from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $180.32.

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Digital Realty Trust Stock Up 0.5 %

Shares of DLR traded up $0.77 on Friday, hitting $144.06. The company's stock had a trading volume of 617,156 shares, compared to its average volume of 1,966,161. The firm's fifty day moving average price is $159.40 and its 200-day moving average price is $169.80. Digital Realty Trust has a fifty-two week low of $135.54 and a fifty-two week high of $198.00. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $48.50 billion, a price-to-earnings ratio of 88.91, a P/E/G ratio of 4.38 and a beta of 0.65.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings data 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%. On average, equities research analysts expect that Digital Realty Trust will post 7.07 EPS for the current year.

Institutional Investors Weigh In On Digital Realty Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP raised its position in shares of Digital Realty Trust by 4.2% in the 4th quarter. Wellington Management Group LLP now owns 325,678 shares of the real estate investment trust's stock valued at $57,752,000 after buying an additional 13,259 shares in the last quarter. Fairtree Asset Management Pty Ltd bought a new stake in Digital Realty Trust during the 4th quarter worth approximately $1,353,000. Thoma Capital Management LLC acquired a new stake in Digital Realty Trust in the fourth quarter valued at $342,000. Lighthouse Financial LLC acquired a new position in Digital Realty Trust during the 4th quarter worth about $239,000. Finally, Capstone Triton Financial Group LLC grew its position in shares of Digital Realty Trust by 33.7% in the 4th quarter. Capstone Triton Financial Group LLC now owns 10,281 shares of the real estate investment trust's stock valued at $1,823,000 after buying an additional 2,593 shares during the last quarter. 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.