TD Cowen Increases Digital Realty Trust (NYSE:DLR) Price Target to $128.00

Digital Realty Trust (NYSE:DLR) had its price objective upped by equities research analysts at TD Cowen from $120.00 to $128.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. TD Cowen’s price objective suggests a potential downside of 29.18% from the company’s current price.

DLR has been the topic of several other research reports. Barclays upped their price objective on Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. Truist Financial lifted their price objective on shares of Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. JPMorgan Chase & Co. lifted their target price on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday. Evercore ISI increased their price target on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Wells Fargo & Company boosted their price objective on Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust has an average rating of “Hold” and a consensus target price of $163.00.

Digital Realty Trust Price Performance

Shares of NYSE:DLR traded up $15.61 on Friday, hitting $180.74. The stock had a trading volume of 4,724,623 shares, compared to its average volume of 1,824,658. Digital Realty Trust has a twelve month low of $116.73 and a twelve month high of $193.88. The company has a market capitalization of $56.47 billion, a price-to-earnings ratio of 50.12, a price-to-earnings-growth ratio of 5.08 and a beta of 0.60. The firm’s 50 day moving average price is $156.77 and its 200-day moving average price is $150.27. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78.

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

Insider Buying and Selling at Digital Realty Trust

In related 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 sale, the director now owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. purchased a new stake in shares of Digital Realty Trust during the 2nd quarter valued at $25,000. American Capital Advisory LLC bought a new stake in Digital Realty Trust during the second quarter worth about $27,000. Private Ocean LLC purchased a new stake in shares of Digital Realty Trust in the 2nd quarter valued at $27,000. Gradient Investments LLC raised its position in 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 worth $27,000 after purchasing an additional 76 shares during the period. Finally, Adirondack Trust Co. boosted its position in Digital Realty Trust by 68.6% during the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 81 shares during the period. Institutional investors own 99.71% of the company’s stock.

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.