Digital Realty Trust (NYSE:DLR) Downgraded by Wall Street Zen to Sell

Digital Realty Trust (NYSE:DLR - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group reaffirmed a "buy" rating and set a $193.00 target price (up previously from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. Bank of America assumed coverage on Digital Realty Trust in a research note on Monday, May 19th. They set a "buy" rating and a $210.00 target price for the company. Citigroup decreased their target price on Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. raised their target price on Digital Realty Trust from $185.00 to $190.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, New Street Research raised Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust presently has a consensus rating of "Moderate Buy" and an average target price of $185.10.

Digital Realty Trust Stock Performance

Shares of DLR traded up $2.56 during trading hours on Friday, reaching $170.68. 1,846,934 shares of the company's stock traded hands, compared to its average volume of 1,973,277. The firm has a market capitalization of $57.48 billion, a price-to-earnings ratio of 105.36, a P/E/G ratio of 4.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. Digital Realty Trust has a twelve month low of $129.95 and a twelve month high of $198.00. The business's fifty day simple moving average is $154.84 and its two-hundred day simple moving average is $166.86.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.04. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. The company's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $1.67 earnings per share. Analysts predict that Digital Realty Trust will post 7.07 earnings per share for the current year.

Institutional Investors Weigh In On Digital Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Digital Realty Trust by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust's stock worth $7,505,367,000 after purchasing an additional 925,674 shares in the last quarter. Norges Bank purchased a new stake in shares of Digital Realty Trust during the 4th quarter worth about $3,858,428,000. Geode Capital Management LLC raised its stake in shares of Digital Realty Trust by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 8,527,649 shares of the real estate investment trust's stock valued at $1,508,612,000 after acquiring an additional 281,704 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Digital Realty Trust by 63.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust's stock valued at $1,023,769,000 after acquiring an additional 2,760,286 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Digital Realty Trust by 4.3% in the 1st quarter. Northern Trust Corp now owns 5,301,199 shares of the real estate investment trust's stock valued at $759,609,000 after acquiring an additional 220,649 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

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.