Digital Realty Trust (NYSE:DLR) Coverage Initiated at Daiwa Capital Markets

Stock analysts at Daiwa Capital Markets initiated coverage on shares of Digital Realty Trust (NYSE:DLR) in a note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $210.00 price target on the real estate investment trust’s stock. Daiwa Capital Markets’ target price points to a potential upside of 19.70% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Raymond James Financial lifted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Friday, July 25th. Truist Financial set a $199.00 price target on shares of Digital Realty Trust and gave the stock a “buy” rating in a report on Wednesday, July 30th. Wolfe Research upgraded shares of Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 price target for the company in a report on Monday. Morgan Stanley initiated coverage on shares of Digital Realty Trust in a report on Thursday, October 16th. They set an “equal weight” rating and a $195.00 price target for the company. Finally, Wells Fargo & Company lifted their price target on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $193.05.

Digital Realty Trust Stock Performance

Shares of DLR opened at $175.44 on Wednesday. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. The stock has a market cap of $59.83 billion, a P/E ratio of 46.05, a PEG ratio of 4.86 and a beta of 0.96. The company has a 50-day moving average of $170.41 and a two-hundred day moving average of $168.55. Digital Realty Trust has a 12-month low of $129.95 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.11. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.67 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. As a group, research analysts predict that Digital Realty Trust will post 7.07 EPS for the current fiscal year.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Digital Realty Trust

Several institutional investors have recently bought and sold shares of the business. Summit Place Financial Advisors LLC grew its stake in Digital Realty Trust by 2.0% during the second quarter. Summit Place Financial Advisors LLC now owns 2,857 shares of the real estate investment trust’s stock worth $498,000 after buying an additional 57 shares during the period. Nvwm LLC grew its stake in Digital Realty Trust by 1.9% during the first quarter. Nvwm LLC now owns 3,287 shares of the real estate investment trust’s stock worth $471,000 after buying an additional 60 shares during the period. Riverbend Wealth Management LLC grew its stake in Digital Realty Trust by 3.0% during the second quarter. Riverbend Wealth Management LLC now owns 2,043 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 60 shares during the period. Security National Bank of Sioux City Iowa IA grew its stake in Digital Realty Trust by 0.4% during the third quarter. Security National Bank of Sioux City Iowa IA now owns 14,335 shares of the real estate investment trust’s stock worth $2,478,000 after buying an additional 60 shares during the period. Finally, Decatur Capital Management Inc. grew its stake in Digital Realty Trust by 0.4% during the first quarter. Decatur Capital Management Inc. now owns 16,312 shares of the real estate investment trust’s stock worth $2,337,000 after buying an additional 61 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

About Digital Realty Trust

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.