Truist Financial Reaffirms “Buy” Rating for Digital Realty Trust (NYSE:DLR)

Digital Realty Trust (NYSE:DLR)‘s stock had its “buy” rating restated by investment analysts at Truist Financial in a note issued to investors on Thursday,Benzinga reports. They currently have a $208.00 target price on the real estate investment trust’s stock, up from their previous target price of $207.00. Truist Financial’s price target suggests a potential upside of 7.58% from the stock’s current price.

DLR has been the topic of several other research reports. UBS Group boosted their target price on Digital Realty Trust from $225.00 to $227.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Morgan Stanley boosted their target price on Digital Realty Trust from $210.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. Weiss Ratings raised Digital Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Mizuho boosted their target price on Digital Realty Trust from $180.00 to $217.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Finally, Evercore boosted their target price on Digital Realty Trust from $200.00 to $230.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $214.41.

Digital Realty Trust Stock Performance

Shares of DLR traded up $0.04 during mid-day trading on Thursday, reaching $193.35. 143,246 shares of the company’s stock traded hands, compared to its average volume of 2,034,563. The business’s 50-day moving average price is $187.26 and its 200-day moving average price is $171.95. The stock has a market capitalization of $67.94 billion, a P/E ratio of 50.93, a price-to-earnings-growth ratio of 5.30 and a beta of 1.06. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.59 and a current ratio of 1.59. Digital Realty Trust has a 12 month low of $146.23 and a 12 month high of $208.14.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Digital Realty Trust had a return on equity of 6.05% and a net margin of 21.73%.The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.77 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 7.950-8.050 EPS. Equities analysts predict that Digital Realty Trust will post 8.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DLR. Sunbelt Securities Inc. grew its position in Digital Realty Trust by 347.2% in the third quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 125 shares during the last quarter. First Horizon Corp acquired a new position in Digital Realty Trust in the third quarter worth approximately $31,000. Bell Investment Advisors Inc grew its position in Digital Realty Trust by 56.9% in the first quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 62 shares during the last quarter. Harvest Fund Management Co. Ltd grew its position in Digital Realty Trust by 970.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 165 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Digital Realty Trust in the third quarter worth approximately $34,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Company Profile

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.