Freedom Broker Has Lowered Expectations for Digital Realty Trust (NYSE:DLR) Stock Price

Digital Realty Trust (NYSE:DLR) had its price target lowered by equities research analysts at Freedom Broker from $233.00 to $227.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Freedom Broker‘s price target suggests a potential upside of 25.93% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Wall Street Zen raised shares of Digital Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. BTIG Research lifted their price target on Digital Realty Trust from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Canadian Imperial Bank of Commerce started coverage on Digital Realty Trust in a report on Tuesday, October 20th. They set an “outperform” rating and a $213.00 price target on the stock. Truist Financial lowered their price objective on Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, Cantor Fitzgerald raised their price objective on shares of Digital Realty Trust from $221.00 to $223.00 and gave the company an “overweight” rating in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $221.53.

Digital Realty Trust Price Performance

NYSE:DLR opened at $180.26 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 0.72. The firm has a market cap of $66.88 billion, a price-to-earnings ratio of 75.42, a P/E/G ratio of 3.47 and a beta of 0.97. Digital Realty Trust has a 52 week low of $146.23 and a 52 week high of $208.14. The firm’s 50-day simple moving average is $181.45 and its 200 day simple moving average is $182.91.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.04). Digital Realty Trust had a net margin of 13.06% and a return on equity of 3.68%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period last year, the firm earned $1.89 EPS. The firm’s revenue for the quarter was up 20.6% compared to the same quarter last year. As a group, sell-side analysts predict that Digital Realty Trust will post 8.37 earnings per share for the current year.

Insider Activity

In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total transaction of $38,792.00. Following the sale, the director owned 6,322 shares of the company’s stock, valued at approximately $1,226,215.12. This represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On Digital Realty Trust

Several institutional investors have recently added to or reduced their stakes in DLR. Cherry Creek Investment Advisors Inc. lifted its position in shares of Digital Realty Trust by 0.3% during the 1st quarter. Cherry Creek Investment Advisors Inc. now owns 18,745 shares of the real estate investment trust’s stock valued at $3,378,000 after acquiring an additional 51 shares during the period. Columbia Bank grew its holdings in Digital Realty Trust by 0.9% in the first quarter. Columbia Bank now owns 6,167 shares of the real estate investment trust’s stock worth $1,111,000 after purchasing an additional 53 shares during the period. Denali Advisors LLC increased its position in Digital Realty Trust by 1.3% in the 2nd quarter. Denali Advisors LLC now owns 4,359 shares of the real estate investment trust’s stock valued at $783,000 after buying an additional 56 shares in the last quarter. Twin Capital Management Inc. lifted its holdings in shares of Digital Realty Trust by 1.1% in the 1st quarter. Twin Capital Management Inc. now owns 5,618 shares of the real estate investment trust’s stock worth $1,012,000 after purchasing an additional 59 shares in the last quarter. Finally, Cidel Asset Management Inc. raised its holdings in shares of Digital Realty Trust by 4.0% in the 3rd quarter. Cidel Asset Management Inc. now owns 1,620 shares of the real estate investment trust’s stock worth $284,000 after acquiring an additional 62 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data center facilities for businesses, cloud service providers, information technology companies and telecommunications organizations. The company provides the physical infrastructure needed to support data storage, networking, cloud computing and other digital operations.

Its services include data center colocation, interconnection and private connectivity solutions. Digital Realty also offers access to cloud and network providers through its PlatformDIGITAL platform, which is designed to help customers deploy, connect and manage their digital infrastructure across multiple locations.

Founded in 2001, Digital Realty serves customers through a global portfolio of data centers and related facilities across North America, Europe, Asia-Pacific and Latin America.