Digital Realty Trust (NYSE:DLR) Given New $140.00 Price Target at Barclays

Digital Realty Trust (NYSE:DLR - Get Free Report) had its price objective lifted by Barclays from $139.00 to $140.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "underweight" rating on the real estate investment trust's stock. Barclays's price target suggests a potential downside of 21.28% from the stock's current price.

A number of other analysts also recently issued reports on the company. Jefferies Financial Group reaffirmed a "buy" rating and set a $193.00 price target (up from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. New Street Research raised Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. Citigroup decreased their price target on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Mizuho lifted their price target on Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a report on Tuesday, June 17th. Finally, Scotiabank decreased their price target on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $188.53.

Digital Realty Trust Stock Down 1.2%

DLR traded down $2.16 on Thursday, hitting $177.86. 2,602,172 shares of the company were exchanged, compared to its average volume of 1,482,118. Digital Realty Trust has a twelve month low of $129.95 and a twelve month high of $198.00. The company has a market cap of $59.90 billion, a price-to-earnings ratio of 46.68, a price-to-earnings-growth ratio of 2.71 and a beta of 0.95. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.81. The firm has a 50-day moving average price of $173.62 and a two-hundred day moving average price of $164.02.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, topping the consensus estimate of $1.74 by $0.13. Digital Realty Trust had a return on equity of 6.59% and a net margin of 23.98%. The firm had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the previous year, the firm posted $1.65 EPS. Digital Realty Trust's revenue for the quarter was up 10.0% on a year-over-year basis. On average, equities analysts predict that Digital Realty Trust will post 7.07 earnings per share for the current year.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Mark R. Patterson sold 175 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction of $30,887.50. Following the transaction, the director owned 6,522 shares in the company, valued at approximately $1,151,133. The trade was a 2.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

Hedge Funds Weigh In On Digital Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Greykasell Wealth Strategies Inc. acquired a new position in Digital Realty Trust during the 1st quarter worth approximately $26,000. WPG Advisers LLC acquired a new position in Digital Realty Trust during the 1st quarter worth approximately $30,000. 1 North Wealth Services LLC acquired a new stake in shares of Digital Realty Trust in the 1st quarter worth approximately $31,000. Key Financial Inc grew its holdings in shares of Digital Realty Trust by 114.0% in the 1st quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 138 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Digital Realty Trust in the 1st quarter worth approximately $38,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.