Digital Realty Trust (NYSE:DLR) Price Target Raised to $220.00

Key Points

• BTIG Research raised Digital Realty Trust’s price target to $220 from $215 and maintained a “Buy” rating, implying 16.14% upside from the prior close.
• Analyst sentiment is broadly positive: Digital Realty has a “Moderate Buy” consensus rating and an average price target of $219.61, supported by multiple recent upgrades and target increases.
• The company reported quarterly revenue of $1.92 billion, up 28.9% year over year and above estimates, but its $1.21 EPS missed consensus by $0.77; institutional investors own 99.71% of the stock.

Digital Realty Trust (NYSE:DLR - Get Free Report) had its target price increased by BTIG Research from $215.00 to $220.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a "buy" rating on the real estate investment trust's stock. BTIG Research's price objective suggests a potential upside of 16.14% from the company's previous close.

Several other equities research analysts have also commented on the stock. Wells Fargo & Company upgraded shares of Digital Realty Trust from an "overweight" rating to a "buy" rating in a research report on Wednesday, August 5th. Argus upgraded shares of Digital Realty Trust from a "hold" rating to a "buy" rating and set a $212.00 price target for the company in a report on Wednesday, August 5th. TD Cowen raised shares of Digital Realty Trust from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $192.00 to $222.00 in a report on Friday, July 24th. Royal Bank Of Canada upped their target price on shares of Digital Realty Trust from $207.00 to $227.00 and gave the stock an "outperform" rating in a research report on Monday, July 27th. Finally, Mizuho set a $223.00 price target on shares of Digital Realty Trust in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $219.61.

Digital Realty Trust Stock Performance

NYSE DLR opened at $189.42 on Thursday. The stock has a market capitalization of $70.28 billion, a price-to-earnings ratio of 91.95, a PEG ratio of 3.63 and a beta of 1.02. The business's 50 day moving average is $186.78 and its two-hundred day moving average is $186.86. Digital Realty Trust has a 12-month low of $146.23 and a 12-month high of $208.14. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.77). Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.34%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the business earned $1.87 earnings per share. The firm's quarterly revenue was up 28.9% compared to the same quarter last year. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. Research analysts expect that Digital Realty Trust will post 8.4 EPS for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Gables Capital Management Inc. purchased a new stake in Digital Realty Trust in the 2nd quarter valued at approximately $29,000. Sunbelt Securities Inc. raised its holdings in shares of 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 acquiring an additional 125 shares during the last quarter. Bell Investment Advisors Inc lifted its position in shares of 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 valued at $31,000 after acquiring an additional 62 shares in the last quarter. Solstein Capital LLC purchased a new stake in shares of Digital Realty Trust in the second quarter valued at $32,000. Finally, Harvest Fund Management Co. Ltd boosted its stake in shares of Digital Realty Trust by 970.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 165 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers around the world. The company provides the physical infrastructure businesses need to house information technology equipment, cloud-computing resources and critical digital systems.

Its services include data center colocation, hyperscale facilities, interconnection and related infrastructure solutions. Through its PlatformDIGITAL offering, Digital Realty helps customers connect to cloud providers, network operators, internet service providers, enterprises and other digital ecosystems.

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