Digital Realty Trust (NYSE:DLR) Upgraded at Rothschild & Co Redburn

Key Points

• Rothschild & Co Redburn upgraded Digital Realty Trust to “strong buy.” The company has an overall “Moderate Buy” consensus rating and a $219.84 average price target, supported by several recent analyst upgrades.
• Digital Realty Trust opened at $186.80, with a market capitalization of approximately $69.3 billion and a 52-week range of $146.23 to $208.14.
• The data-center REIT reported quarterly revenue of $1.92 billion, up 28.9% year over year and above estimates, though earnings per share of $1.21 missed expectations of $1.98. Institutional investors own approximately 99.71% of the stock.

Digital Realty Trust (NYSE:DLR - Get Free Report) was upgraded by investment analysts at Rothschild & Co Redburn to a "strong-buy" rating in a research report issued on Monday, Zacks reports.

Other analysts have also issued research reports about the company. Wells Fargo & Company raised Digital Realty Trust from an "overweight" rating to a "buy" rating in a research note on Wednesday, August 5th. Royal Bank Of Canada upped their price objective on shares of Digital Realty Trust from $207.00 to $227.00 and gave the stock an "outperform" rating in a report on Monday, July 27th. TD Cowen raised shares of Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their target price for the company from $192.00 to $222.00 in a research note on Friday, July 24th. Cantor Fitzgerald boosted their price target on shares of Digital Realty Trust from $211.00 to $221.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Finally, Mizuho set a $223.00 price target on shares of Digital Realty Trust in a research note on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Digital Realty Trust has an average rating of "Moderate Buy" and a consensus price target of $219.84.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $186.80 on Monday. Digital Realty Trust has a 1-year low of $146.23 and a 1-year high of $208.14. The firm has a market cap of $69.30 billion, a P/E ratio of 90.68, a P/E/G ratio of 3.49 and a beta of 1.02. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average of $187.93 and a 200-day moving average of $187.19.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.77). Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%.The business had revenue of $1.92 billion during the quarter, compared to analysts' expectations of $1.66 billion. During the same quarter last year, the business posted $1.87 EPS. The company'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. Sell-side analysts expect that Digital Realty Trust will post 8.4 EPS for the current year.

Insider Transactions at Digital Realty Trust

In related news, Director Mark Patterson sold 200 shares of the company's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $193.96, for a total value of $38,792.00. Following the transaction, the director owned 6,322 shares in the company, valued at $1,226,215.12. The trade was a 3.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.15% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Premier Financial Group bought a new stake in shares of Digital Realty Trust during the second quarter valued at approximately $134,000. Security National Bank of Sioux City Iowa IA lifted its position in Digital Realty Trust by 24.4% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 16,851 shares of the real estate investment trust's stock valued at $3,026,000 after acquiring an additional 3,307 shares in the last quarter. Reynders McVeigh Capital Management LLC purchased a new stake in Digital Realty Trust during the 2nd quarter valued at $926,000. Sequoia Financial Advisors LLC increased its holdings in shares of Digital Realty Trust by 5.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 35,551 shares of the real estate investment trust's stock worth $6,384,000 after purchasing an additional 1,806 shares in the last quarter. Finally, National Pension Service increased its holdings in shares of Digital Realty Trust by 1.7% in the 2nd quarter. National Pension Service now owns 578,303 shares of the real estate investment trust's stock worth $103,852,000 after purchasing an additional 9,843 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

Digital Realty Trust Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.