Digital Realty Trust (NYSE:DLR) PT Raised to $168.00

Digital Realty Trust (NYSE:DLR - Get Free Report) had its price target lifted by equities research analysts at Truist Financial from $160.00 to $168.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a "buy" rating on the real estate investment trust's stock. Truist Financial's price objective would indicate a potential upside of 12.32% from the company's previous close.

DLR has been the topic of several other reports. Deutsche Bank Aktiengesellschaft lifted their target price on Digital Realty Trust from $143.00 to $145.00 and gave the company a "hold" rating in a research note on Thursday, May 30th. HSBC boosted their price objective on shares of Digital Realty Trust from $115.00 to $118.00 and gave the company a "reduce" rating in a research note on Friday, May 3rd. Stifel Nicolaus raised their target price on shares of Digital Realty Trust from $165.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, July 12th. The Goldman Sachs Group initiated coverage on Digital Realty Trust in a research note on Monday, July 1st. They set a "buy" rating and a $175.00 target price for the company. Finally, Barclays upped their price objective on Digital Realty Trust from $123.00 to $130.00 and gave the stock an "underweight" rating in a report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $154.00.

Digital Realty Trust Stock Performance

DLR traded up $0.82 during trading on Tuesday, hitting $149.57. 1,435,757 shares of the stock were exchanged, compared to its average volume of 1,894,338. The firm has a market capitalization of $46.73 billion, a P/E ratio of 41.59, a PEG ratio of 10.97 and a beta of 0.59. Digital Realty Trust has a 1-year low of $113.94 and a 1-year high of $162.58. The stock has a fifty day moving average price of $150.72 and a two-hundred day moving average price of $145.38. The company has a quick ratio of 1.29, a current ratio of 1.78 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $1.63 by ($1.43). The business had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The firm's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the company earned $1.68 EPS. As a group, sell-side analysts predict that Digital Realty Trust will post 6.67 earnings per share for the current year.

Insider Activity

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the completion of the sale, the director now directly owns 9,055 shares of the company's stock, valued at approximately $1,360,604.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.17% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Meeder Asset Management Inc. acquired a new position in shares of Digital Realty Trust in the 2nd quarter valued at $25,000. Gradient Investments LLC lifted its stake in shares of Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 76 shares in the last quarter. American Capital Advisory LLC purchased a new stake in shares of Digital Realty Trust during the 2nd quarter worth about $27,000. Private Ocean LLC acquired a new stake in Digital Realty Trust during the 2nd quarter worth approximately $27,000. Finally, Rise Advisors LLC raised its holdings in Digital Realty Trust by 1,125.0% in the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 180 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

About Digital Realty Trust

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.