Digital Realty Trust (NYSE:DLR) Upgraded at Barclays

Digital Realty Trust (NYSE:DLR) was upgraded by equities research analysts at Barclays from an “underweight” rating to an “equal weight” rating in a report issued on Tuesday, MarketBeat reports. The firm presently has a $164.00 price target on the real estate investment trust’s stock, up from their previous price target of $161.00. Barclays‘s target price would suggest a potential upside of 3.96% from the company’s previous close.

A number of other analysts also recently issued reports on the stock. Citigroup raised their price target on shares of Digital Realty Trust from $200.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Wolfe Research upgraded Digital Realty Trust from a “peer perform” rating to an “outperform” rating and set a $194.00 target price on the stock in a research report on Monday, October 20th. Morgan Stanley assumed coverage on Digital Realty Trust in a research note on Thursday, October 16th. They issued an “equal weight” rating and a $195.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on Digital Realty Trust from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Finally, TD Cowen boosted their price objective on shares of Digital Realty Trust from $163.00 to $179.00 and gave the company a “hold” rating in a report on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.24.

Digital Realty Trust Stock Down 0.5%

Shares of NYSE:DLR opened at $157.76 on Tuesday. Digital Realty Trust has a 52-week low of $129.95 and a 52-week high of $187.74. The stock has a market cap of $54.19 billion, a P/E ratio of 40.76, a PEG ratio of 3.71 and a beta of 1.11. The business has a fifty day moving average of $158.15 and a two-hundred day moving average of $166.89. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.15 EPS for the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The business had revenue of $1.58 billion for the quarter. On average, research analysts expect 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, Director Mary Hogan Preusse sold 4,166 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $157.42, for a total value of $655,811.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.17% of the stock is currently owned by company insiders.

Institutional Trading of Digital Realty Trust

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Digital Realty Trust in the 2nd quarter valued at approximately $3,808,270,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Digital Realty Trust by 686.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,807,512 shares of the real estate investment trust’s stock worth $831,123,000 after purchasing an additional 4,195,862 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings in Digital Realty Trust by 581.0% in the third quarter. Alyeska Investment Group L.P. now owns 961,121 shares of the real estate investment trust’s stock valued at $166,159,000 after buying an additional 819,982 shares during the last quarter. Prudential Financial Inc. increased its holdings in Digital Realty Trust by 87.0% in the second quarter. Prudential Financial Inc. now owns 1,456,585 shares of the real estate investment trust’s stock valued at $253,926,000 after buying an additional 677,483 shares during the last quarter. Finally, Resolution Capital Ltd raised its stake in Digital Realty Trust by 25.2% in the second quarter. Resolution Capital Ltd now owns 2,967,618 shares of the real estate investment trust’s stock valued at $517,345,000 after buying an additional 596,420 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

About Digital Realty Trust

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.