Digital Realty Trust (NYSE:DLR) Earns “Buy” Rating from Stifel Nicolaus

Digital Realty Trust (NYSE:DLR)‘s stock had its “buy” rating reissued by equities research analysts at Stifel Nicolaus in a report released on Friday, Benzinga reports. They currently have a $195.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $185.00. Stifel Nicolaus’ target price suggests a potential upside of 5.27% from the stock’s previous close.

A number of other brokerages also recently commented on DLR. Argus downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Truist Financial upped their price target on Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. TD Cowen decreased 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 research note on Friday, July 26th. HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and boosted their price objective for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. upped their price target on Digital Realty Trust from $175.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $161.44.

Digital Realty Trust Price Performance

DLR stock traded up $20.11 during midday trading on Friday, hitting $185.24. 2,637,225 shares of the stock were exchanged, compared to its average volume of 1,814,574. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78. The stock has a market cap of $57.87 billion, a price-to-earnings ratio of 51.46, a PEG ratio of 5.08 and a beta of 0.60. Digital Realty Trust has a fifty-two week low of $116.73 and a fifty-two week high of $193.88. The stock’s 50-day moving average price is $156.77 and its 200-day moving average price is $150.27.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($1.43). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the company earned $1.68 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. Research analysts predict that Digital Realty Trust will post 6.65 earnings per share for the current year.

Insider Activity

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the sale, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.17% of the stock is owned by company insiders.

Hedge Funds Weigh In On Digital Realty Trust

Institutional investors have recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC grew its position in shares of Digital Realty Trust by 15,301.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock worth $299,433,000 after buying an additional 1,838,278 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Digital Realty Trust by 543.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust’s stock worth $220,068,000 after acquiring an additional 1,773,591 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Digital Realty Trust by 2.0% during the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock worth $6,986,458,000 after purchasing an additional 951,567 shares in the last quarter. Wulff Hansen & CO. lifted its holdings in Digital Realty Trust by 15,105.0% during the second quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust’s stock worth $121,006,000 after acquiring an additional 790,596 shares in the last quarter. Finally, Electron Capital Partners LLC increased its stake in Digital Realty Trust by 220.7% during the 2nd quarter. Electron Capital Partners LLC now owns 1,041,594 shares of the real estate investment trust’s stock worth $158,374,000 after purchasing an additional 716,816 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Company Profile

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.