Digital Realty Trust (NYSE:DLR) Price Target Cut to $206.00 by Analysts at Scotiabank

Digital Realty Trust (NYSE:DLR - Get Free Report) had its price objective reduced by stock analysts at Scotiabank from $208.00 to $206.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a "sector outperform" rating on the real estate investment trust's stock. Scotiabank's target price suggests a potential upside of 28.67% from the stock's previous close.

DLR has been the topic of several other research reports. Mizuho cut their price objective on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a report on Friday, March 28th. JMP Securities restated a "market outperform" rating and set a $220.00 price objective on shares of Digital Realty Trust in a report on Tuesday, February 18th. Citigroup reduced their target price on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. increased their target price on Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, Wells Fargo & Company cut their price target on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $183.05.

Digital Realty Trust Trading Up 4.1 %

Shares of DLR stock traded up $6.35 on Tuesday, reaching $160.10. The company had a trading volume of 3,387,601 shares, compared to its average volume of 2,048,364. The stock has a market cap of $53.91 billion, a PE ratio of 98.83, a PEG ratio of 4.38 and a beta of 0.92. The company has a 50-day moving average of $150.10 and a 200-day moving average of $167.60. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. Digital Realty Trust has a 12 month low of $129.95 and a 12 month high of $198.00.

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 (EPS) for the quarter, beating 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 analysts forecast that Digital Realty Trust will post 7.07 earnings per share for the current year.

Institutional Trading of Digital Realty Trust

Institutional investors have recently bought and sold shares of the business. Mather Group LLC. grew its position in Digital Realty Trust by 17.3% during the first quarter. Mather Group LLC. now owns 4,082 shares of the real estate investment trust's stock worth $585,000 after buying an additional 603 shares in the last quarter. Alta Advisers Ltd bought a new stake in shares of Digital Realty Trust during the 1st quarter valued at $220,000. Hixon Zuercher LLC raised its stake in Digital Realty Trust by 2.3% in the first quarter. Hixon Zuercher LLC now owns 15,949 shares of the real estate investment trust's stock valued at $2,285,000 after purchasing an additional 364 shares in the last quarter. Smith Salley Wealth Management lifted its position in Digital Realty Trust by 2.8% during the first quarter. Smith Salley Wealth Management now owns 11,465 shares of the real estate investment trust's stock worth $1,643,000 after purchasing an additional 316 shares during the period. Finally, Amalgamated Bank raised its position in shares of Digital Realty Trust by 2.1% in the 1st quarter. Amalgamated Bank now owns 61,848 shares of the real estate investment trust's stock valued at $8,862,000 after buying an additional 1,265 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Company Profile

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.