Digital Realty Trust (NYSE:DLR) Receives Market Outperform Rating from JMP Securities

Digital Realty Trust (NYSE:DLR - Get Free Report)'s stock had its "market outperform" rating reissued by JMP Securities in a note issued to investors on Monday,Benzinga reports. They currently have a $220.00 price objective on the real estate investment trust's stock. JMP Securities' price objective points to a potential upside of 33.55% from the company's current price.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company reduced their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Citizens Jmp raised Digital Realty Trust to a "strong-buy" rating in a report on Monday, January 27th. JPMorgan Chase & Co. boosted their target price on Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. UBS Group upgraded Digital Realty Trust from a "neutral" rating to a "buy" rating and lifted their price target for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Finally, Mizuho cut their price objective on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating for the company in a research report on Friday, March 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $183.05.

Digital Realty Trust Stock Performance

Digital Realty Trust stock traded up $2.85 during midday trading on Monday, hitting $164.73. 1,510,647 shares of the company's stock were exchanged, compared to its average volume of 2,048,198. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The stock has a market cap of $55.47 billion, a price-to-earnings ratio of 101.69, a price-to-earnings-growth ratio of 4.38 and a beta of 0.92. Digital Realty Trust has a 12-month low of $129.95 and a 12-month high of $198.00. The firm's 50 day simple moving average is $149.77 and its 200 day simple moving average is $167.64.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Sierra Ocean LLC purchased a new position in Digital Realty Trust during the fourth quarter worth approximately $29,000. FNY Investment Advisers LLC acquired a new position in shares of Digital Realty Trust in the 4th quarter valued at about $35,000. Fairway Wealth LLC purchased a new stake in shares of Digital Realty Trust during the 4th quarter worth about $35,000. Versant Capital Management Inc lifted its position in Digital Realty Trust by 480.6% during the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC purchased a new stake in Digital Realty Trust during the fourth quarter worth approximately $37,000. 99.71% of the stock is currently owned by hedge funds and other 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.