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

Digital Realty Trust (NYSE:DLR - Get Free Report) had its price target boosted by equities research analysts at Barclays from $139.00 to $140.00 in a report released on Thursday,Benzinga reports. The firm presently has an "underweight" rating on the real estate investment trust's stock. Barclays's price target would suggest a potential downside of 20.97% from the stock's current price.

Other analysts also recently issued research reports about the company. Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Scotiabank reduced their target price 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. New Street Research raised Digital Realty Trust to a "hold" rating in a report on Monday, April 28th. Truist Financial lowered their price target on Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Finally, Jefferies Financial Group restated a "buy" rating and set a $193.00 price target (up from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $188.53.

Digital Realty Trust Price Performance

NYSE DLR traded down $0.76 during trading on Thursday, hitting $177.16. 521,320 shares of the stock traded hands, compared to its average volume of 2,166,750. The company has a market capitalization of $59.66 billion, a P/E ratio of 46.51, a price-to-earnings-growth ratio of 2.62 and a beta of 0.95. The firm has a 50-day simple moving average of $173.62 and a 200-day simple moving average of $163.79. The company has a quick ratio of 1.92, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. Digital Realty Trust has a 12-month low of $129.95 and a 12-month high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.13. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the company earned $1.65 EPS. The company's revenue for the quarter was up 10.0% on a year-over-year basis. As a group, analysts predict that Digital Realty Trust will post 7.07 EPS for the current year.

Insider Activity

In other news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the sale, the director owned 6,522 shares in the company, valued at approximately $1,151,133. This trade represents a 2.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.17% of the company's stock.

Institutional Investors Weigh In On Digital Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in DLR. Greykasell Wealth Strategies Inc. acquired a new position in shares of Digital Realty Trust in the 1st quarter worth approximately $26,000. WPG Advisers LLC acquired a new position in shares of Digital Realty Trust in the 1st quarter worth approximately $30,000. 1 North Wealth Services LLC acquired a new position in shares of Digital Realty Trust in the 1st quarter worth approximately $31,000. Key Financial Inc lifted its position 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 purchasing an additional 138 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Digital Realty Trust in the 1st quarter worth approximately $38,000. 99.71% of the stock is owned by institutional investors.

About Digital Realty Trust

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.