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

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

Other equities research analysts have also recently issued research reports about the stock. Bank of America initiated coverage on shares of Digital Realty Trust in a research note on Monday, May 19th. They set a "buy" rating and a $210.00 target price on the stock. Barclays lowered their price target on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research report on Thursday, March 20th. Truist Financial lowered their price target on shares of Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Citizens Jmp raised shares of Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. Finally, Citigroup lowered their price target on shares of Digital Realty Trust from $188.00 to $174.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $185.10.

Digital Realty Trust Price Performance

DLR traded up $2.74 on Friday, hitting $172.32. 2,204,604 shares of the company's stock were exchanged, compared to its average volume of 1,979,333. Digital Realty Trust has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average price of $155.93 and a 200-day moving average price of $166.83. The stock has a market cap of $58.04 billion, a price-to-earnings ratio of 106.37, a P/E/G ratio of 4.38 and a beta of 0.93.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.04. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The company had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter in the previous year, the company posted $1.67 EPS. The firm's quarterly revenue was up 5.7% on a year-over-year basis. As a group, equities analysts anticipate that Digital Realty Trust will post 7.07 earnings per share for the current year.

Institutional Trading of Digital Realty Trust

Large investors have recently made changes to their positions in the company. Invesco Ltd. increased its stake in shares of Digital Realty Trust by 18.4% during the fourth quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock worth $692,630,000 after buying an additional 607,132 shares during the period. Private Advisor Group LLC increased its stake in shares of Digital Realty Trust by 4.1% during the fourth quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust's stock worth $2,400,000 after buying an additional 527 shares during the period. AEGON ASSET MANAGEMENT UK Plc increased its stake in shares of Digital Realty Trust by 17.7% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust's stock worth $11,768,000 after buying an additional 9,959 shares during the period. Leavell Investment Management Inc. increased its stake in shares of Digital Realty Trust by 74.1% during the fourth quarter. Leavell Investment Management Inc. now owns 18,283 shares of the real estate investment trust's stock worth $3,262,000 after buying an additional 7,781 shares during the period. Finally, Q3 Asset Management purchased a new stake in shares of Digital Realty Trust during the fourth quarter worth approximately $2,785,000. 99.71% of the stock is currently 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.