Digital Realty Trust (NYSE:DLR) Price Target Raised to $175.00 at Wells Fargo & Company

Digital Realty Trust (NYSE:DLR) had its price objective lifted by investment analysts at Wells Fargo & Company from $170.00 to $175.00 in a report issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 7.64% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. TD Cowen lowered their target price on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating for the company in a report on Friday, July 26th. HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and raised their price objective for the stock from $124.00 to $160.00 in a research note on Friday, October 4th. BMO Capital Markets raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $144.00 to $170.00 in a research report on Wednesday, June 26th. Truist Financial raised their price target on Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Finally, Barclays raised their target price on Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $157.17.

Digital Realty Trust Price Performance

NYSE:DLR traded up $0.45 during trading hours on Thursday, hitting $162.58. 303,810 shares of the stock were exchanged, compared to its average volume of 1,815,692. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81. The firm’s fifty day moving average price is $155.25 and its 200 day moving average price is $149.43. The company has a market cap of $50.79 billion, a P/E ratio of 45.22, a P/E/G ratio of 5.08 and a beta of 0.60. Digital Realty Trust has a 52-week low of $113.94 and a 52-week high of $165.17.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.68 EPS. As a group, equities research analysts anticipate that Digital Realty Trust will post 6.65 EPS for the current fiscal year.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the sale, the director now owns 9,055 shares in the company, valued at approximately $1,360,604.30. This represents a 0.00 % decrease in their ownership of the stock. The sale 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 company insiders.

Institutional Investors Weigh In On Digital Realty Trust

A number of hedge funds have recently bought and sold shares of DLR. Bleakley Financial Group LLC lifted its holdings in Digital Realty Trust by 2.4% during the 3rd quarter. Bleakley Financial Group LLC now owns 4,272 shares of the real estate investment trust’s stock valued at $691,000 after buying an additional 99 shares in the last quarter. Global Retirement Partners LLC grew its holdings in Digital Realty Trust by 2.6% in the third quarter. Global Retirement Partners LLC now owns 9,946 shares of the real estate investment trust’s stock worth $1,610,000 after purchasing an additional 252 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new stake in Digital Realty Trust in the 3rd quarter worth approximately $202,000. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in shares of Digital Realty Trust during the third quarter worth about $1,795,000. Finally, Sumitomo Life Insurance Co. lifted its holdings in shares of Digital Realty Trust by 3.0% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 6,815 shares of the real estate investment trust’s stock valued at $1,103,000 after buying an additional 199 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

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.