Digital Realty Trust (NYSE:DLR) Upgraded to “Hold” at StockNews.com

Digital Realty Trust (NYSE:DLR) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Other research analysts have also issued research reports about the stock. Royal Bank of Canada raised their target price on shares of Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Stifel Nicolaus lifted their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. TD Cowen lifted their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Evercore ISI lifted their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and a consensus target price of $179.95.

Digital Realty Trust Price Performance

Shares of NYSE:DLR traded up $1.85 during midday trading on Friday, reaching $166.13. 477,062 shares of the company’s stock were exchanged, compared to its average volume of 2,292,635. The company’s 50 day simple moving average is $174.97 and its two-hundred day simple moving average is $169.16. The firm has a market capitalization of $55.11 billion, a PE ratio of 139.59, a price-to-earnings-growth ratio of 4.27 and a beta of 0.63. Digital Realty Trust has a 12 month low of $131.42 and a 12 month high of $198.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. Equities research analysts expect that Digital Realty Trust will post 6.71 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.17% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Digital Realty Trust

A number of institutional investors have recently added to or reduced their stakes in DLR. Sierra Ocean LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter valued at about $29,000. FNY Investment Advisers LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter valued at about $35,000. Fairway Wealth LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter valued at about $35,000. Versant Capital Management Inc lifted its position in Digital Realty Trust by 480.6% during the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 173 shares during the period. Finally, Centricity Wealth Management LLC bought a new stake in Digital Realty Trust during the fourth quarter worth about $37,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.