Truist Financial Forecasts Strong Price Appreciation for Digital Realty Trust (NYSE:DLR) Stock

Digital Realty Trust (NYSE:DLR) had its target price lifted by equities researchers at Truist Financial from $199.00 to $200.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s target price would suggest a potential upside of 18.64% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Barclays upped their price target on shares of Digital Realty Trust from $141.00 to $161.00 and gave the company an “underweight” rating in a research report on Monday, October 27th. Raymond James Financial upped their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “strong-buy” rating in a report on Friday, July 25th. Loop Capital set a $205.00 price target on Digital Realty Trust in a report on Monday, October 27th. Daiwa Capital Markets assumed coverage on Digital Realty Trust in a research note on Wednesday, October 22nd. They set a “buy” rating and a $210.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their target price on Digital Realty Trust from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $198.14.

Digital Realty Trust Stock Up 1.2%

Shares of NYSE DLR opened at $168.58 on Wednesday. The business has a 50-day moving average price of $171.39 and a 200 day moving average price of $170.58. The stock has a market cap of $57.91 billion, a PE ratio of 43.56, a price-to-earnings-growth ratio of 4.13 and a beta of 0.96. The company has a quick ratio of 2.22, a current ratio of 2.02 and a debt-to-equity ratio of 0.80. Digital Realty Trust has a 52-week low of $129.95 and a 52-week high of $198.00.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 EPS for the quarter, topping the consensus estimate of $1.78 by $0.11. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.53 billion. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. Equities research analysts forecast that Digital Realty Trust will post 7.07 earnings per share for the current year.

Insiders Place Their Bets

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Digital Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in DLR. Norges Bank purchased a new stake in Digital Realty Trust during the second quarter worth about $3,808,270,000. Canada Pension Plan Investment Board lifted its position in shares of Digital Realty Trust by 63.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust’s stock valued at $1,023,769,000 after acquiring an additional 2,760,286 shares during the period. Nuveen LLC acquired a new stake in shares of Digital Realty Trust during the 1st quarter valued at approximately $342,389,000. Vanguard Group Inc. boosted its stake in shares of Digital Realty Trust by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust’s stock worth $7,505,367,000 after acquiring an additional 925,674 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in shares of Digital Realty Trust by 41.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 3,129,819 shares of the real estate investment trust’s stock worth $448,422,000 after acquiring an additional 918,549 shares during the period. 99.71% of the stock is 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.