Stifel Nicolaus Forecasts Strong Price Appreciation for Digital Realty Trust (NYSE:DLR) Stock

Key Points

• Stifel Nicolaus raised the price target for Digital Realty Trust (NYSE:DLR) from $190.00 to $205.00, indicating a potential upside of 15.07% from the current price.
• Digital Realty Trust reported $1.87 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $1.74, with a revenue of $1.49 billion.
• Currently, Digital Realty Trust holds a consensus rating of "Moderate Buy", with 15 analysts assigning a buy rating and an average price target of $187.74.
• The company's market cap is $60.00 billion, with a debt-to-equity ratio of 0.81 and a current ratio of 1.92.

Digital Realty Trust (NYSE:DLR - Get Free Report) had its target price lifted by equities researchers at Stifel Nicolaus from $190.00 to $205.00 in a report released on Friday,Benzinga reports. The firm presently has a "buy" rating on the real estate investment trust's stock. Stifel Nicolaus' price target suggests a potential upside of 15.26% from the stock's current price.

A number of other equities research analysts have also weighed in on the stock. 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. Truist Financial cut their target price on shares of Digital Realty Trust from $185.00 to $184.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Wall Street Zen raised shares of Digital Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Oppenheimer began coverage on shares of Digital Realty Trust in a research note on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price objective on the stock. Finally, Mizuho boosted their price objective on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $188.53.

Digital Realty Trust Trading Down 1.2%

Shares of DLR stock traded down $2.16 during mid-day trading on Friday, reaching $177.86. The stock had a trading volume of 2,602,172 shares, compared to its average volume of 1,482,118. The stock's 50-day moving average price is $173.62 and its two-hundred day moving average price is $163.91. Digital Realty Trust has a 52-week low of $129.95 and a 52-week high of $198.00. The firm has a market capitalization of $59.90 billion, a PE ratio of 46.68, a price-to-earnings-growth ratio of 2.68 and a beta of 0.95. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.13. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.59%. The company's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.65 EPS. Equities analysts expect that Digital Realty Trust will post 7.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Mark R. Patterson sold 175 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the sale, the director directly owned 6,522 shares of the company's stock, valued at $1,151,133. This represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.13% of the company's stock.

Institutional Trading of Digital Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of DLR. Greykasell Wealth Strategies Inc. bought a new position in shares of Digital Realty Trust during the first quarter worth $26,000. WPG Advisers LLC bought a new position in shares of Digital Realty Trust during the first quarter worth $30,000. 1 North Wealth Services LLC bought a new position in shares of Digital Realty Trust during the first quarter worth $31,000. Key Financial Inc boosted its position in shares of Digital Realty Trust by 114.0% during the first quarter. Key Financial Inc now owns 259 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 138 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in shares of Digital Realty Trust during the first quarter worth $38,000. 99.71% of the stock is 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.