Digital Realty Trust (NYSE:DLR) Given Buy (B-) Rating at Weiss Ratings

Key Points

• Digital Realty Trust has been reaffirmed a "buy (B-)" rating by Weiss Ratings, indicating strong investor confidence in the stock.
• The stock currently has a consensus rating of "Moderate Buy" with a target price of $192.44, based on assessments from various investment analysts.
• Digital Realty Trust reported a quarterly EPS of $1.87, exceeding expectations and showing a 10% increase in revenue year-over-year.

Digital Realty Trust (NYSE:DLR - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Other equities research analysts have also issued research reports about the company. Citigroup restated a "buy" rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Guggenheim started coverage on Digital Realty Trust in a research report on Wednesday, July 9th. They set a "neutral" rating on the stock. Stifel Nicolaus increased their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Raymond James Financial increased their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a "strong-buy" rating in a research report on Friday, July 25th. Finally, Truist Financial set a $199.00 target price on Digital Realty Trust and gave the company a "buy" rating in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.44.

Digital Realty Trust Stock Performance

NYSE:DLR traded down $1.05 during midday trading on Wednesday, hitting $174.09. The company's stock had a trading volume of 1,471,724 shares, compared to its average volume of 1,608,028. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22. Digital Realty Trust has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The firm's 50 day moving average is $169.90 and its 200-day moving average is $166.44. The firm has a market cap of $59.37 billion, a P/E ratio of 45.69, a P/E/G ratio of 5.04 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings data 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 6.46% and a net margin of 23.98%.The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the firm posted $1.65 EPS. The business's quarterly revenue was up 10.0% compared to the same quarter last year. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Equities analysts anticipate that Digital Realty Trust will post 7.07 earnings per share for the current fiscal year.

Insider Activity

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the firm's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $175.16, for a total value of $9,330,598.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

Institutional Trading of Digital Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Digital Realty Trust by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 52,892,557 shares of the real estate investment trust's stock worth $9,220,759,000 after purchasing an additional 513,697 shares during the last quarter. Norges Bank acquired a new stake in shares of Digital Realty Trust during the 2nd quarter worth about $3,808,270,000. State Street Corp increased its position in shares of Digital Realty Trust by 1.9% during the 2nd quarter. State Street Corp now owns 20,405,760 shares of the real estate investment trust's stock worth $3,557,336,000 after purchasing an additional 376,699 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Digital Realty Trust by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 8,850,818 shares of the real estate investment trust's stock worth $1,536,795,000 after purchasing an additional 196,579 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of Digital Realty Trust by 3.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 7,356,429 shares of the real estate investment trust's stock worth $1,282,446,000 after purchasing an additional 211,692 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.