Digital Realty Trust (NYSE:DLR) Price Target Raised to $210.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has raised Digital Realty Trust's price target from $200.00 to $210.00, indicating a potential upside of 19.70% from its previous close and maintaining an "overweight" rating.
• Digital Realty Trust reported a quarterly EPS of $1.89, exceeding analysts' expectations of $1.78, with a revenue of $1.58 billion, a 10.2% increase year-over-year.
• Analysts hold a consensus rating of "Moderate Buy" for the stock, with an average target price of $194.00, backed by two Strong Buy ratings and seventeen Buy ratings.

Digital Realty Trust (NYSE:DLR - Get Free Report) had its price target raised by analysts at JPMorgan Chase & Co. from $200.00 to $210.00 in a report released on Friday,Benzinga reports. The firm currently has an "overweight" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 19.70% from the stock's previous close.

Several other equities research analysts have also recently weighed in on DLR. Barclays increased their target price on Digital Realty Trust from $140.00 to $141.00 and gave the company an "underweight" rating in a report on Wednesday, August 20th. Wolfe Research upgraded Digital Realty Trust from a "peer perform" rating to an "outperform" rating and set a $194.00 target price for the company in a report on Monday. 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 report on Friday, July 25th. Wells Fargo & Company increased their target price on Digital Realty Trust from $185.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Finally, 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 report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $194.00.

Digital Realty Trust Price Performance

DLR opened at $175.44 on Friday. The stock has a 50-day moving average price of $170.41 and a 200-day moving average price of $168.55. Digital Realty Trust has a 12-month low of $129.95 and a 12-month high of $198.00. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $59.83 billion, a P/E ratio of 46.05, a PEG ratio of 4.86 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.78 by $0.11. The firm had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.53 billion. Digital Realty Trust had a return on equity of 6.46% and a net margin of 23.98%.The company's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.67 EPS. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. Equities analysts predict that Digital Realty Trust will post 7.07 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pacific Heights Asset Management LLC raised its position in Digital Realty Trust by 33.3% during the 1st quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock valued at $14,329,000 after purchasing an additional 25,000 shares during the last quarter. Brown Advisory Inc. lifted its stake in shares of Digital Realty Trust by 25.2% in the 1st quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust's stock valued at $1,171,000 after purchasing an additional 1,644 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Digital Realty Trust by 9.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 140,347 shares of the real estate investment trust's stock valued at $20,110,000 after purchasing an additional 12,289 shares during the period. Vontobel Holding Ltd. lifted its stake in shares of Digital Realty Trust by 71.2% in the 1st quarter. Vontobel Holding Ltd. now owns 27,028 shares of the real estate investment trust's stock valued at $3,873,000 after purchasing an additional 11,239 shares during the period. Finally, Sovran Advisors LLC lifted its stake in shares of Digital Realty Trust by 58.9% in the 1st quarter. Sovran Advisors LLC now owns 6,594 shares of the real estate investment trust's stock valued at $994,000 after purchasing an additional 2,444 shares during the period. Institutional investors own 99.71% of the company's stock.

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.

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