Mizuho Issues Positive Forecast for Digital Realty Trust (NYSE:DLR) Stock Price

Digital Realty Trust (NYSE:DLR - Get Free Report) had its price target hoisted by investment analysts at Mizuho from $177.00 to $191.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the real estate investment trust's stock. Mizuho's price target suggests a potential upside of 8.93% from the company's previous close.

A number of other research analysts have also weighed in on DLR. Oppenheimer started coverage on Digital Realty Trust in a research note on Wednesday, May 14th. They set an "outperform" rating and a $200.00 price target on the stock. Bank of America started coverage on Digital Realty Trust in a research note on Monday, May 19th. They set a "buy" rating and a $210.00 price target on the stock. Barclays reduced their price target on Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a research note on Thursday, March 20th. Scotiabank reduced their price target on Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 22nd. Finally, New Street Research raised Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $185.76.

Digital Realty Trust Price Performance

DLR stock traded down $1.25 on Tuesday, reaching $175.35. The company had a trading volume of 2,641,311 shares, compared to its average volume of 2,004,534. Digital Realty Trust has a 1 year low of $129.95 and a 1 year high of $198.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.92 and a current ratio of 1.92. The company's fifty day moving average is $166.29 and its 200 day moving average is $165.47. The company has a market cap of $59.06 billion, a P/E ratio of 163.88, a PEG ratio of 2.69 and a beta of 0.95.

Digital Realty Trust (NYSE:DLR - Get Free Report) last posted its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.04. Digital Realty Trust had a return on equity of 2.07% and a net margin of 7.65%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the company earned $1.67 EPS. Digital Realty Trust's revenue was up 5.7% on a year-over-year basis. On average, research analysts forecast that Digital Realty Trust will post 7.07 earnings per share for the current year.

Insider Activity

In other news, Director Mark R. Patterson sold 175 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $176.50, for a total transaction of $30,887.50. Following the completion of the sale, the director now directly owns 6,522 shares in the company, valued at $1,151,133. This trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.13% of the company's stock.

Hedge Funds Weigh In On Digital Realty Trust

Several large investors have recently modified their holdings of the stock. Voya Investment Management LLC lifted its position in shares of Digital Realty Trust by 27.4% during the first quarter. Voya Investment Management LLC now owns 143,345 shares of the real estate investment trust's stock worth $20,540,000 after purchasing an additional 30,842 shares during the last quarter. Peterson Wealth Management lifted its position in shares of Digital Realty Trust by 39.4% during the first quarter. Peterson Wealth Management now owns 20,577 shares of the real estate investment trust's stock worth $2,948,000 after purchasing an additional 5,816 shares during the last quarter. First Hawaiian Bank lifted its position in shares of Digital Realty Trust by 128.6% during the first quarter. First Hawaiian Bank now owns 7,389 shares of the real estate investment trust's stock worth $1,059,000 after purchasing an additional 4,157 shares during the last quarter. Inspire Investing LLC lifted its position in shares of Digital Realty Trust by 11.1% during the first quarter. Inspire Investing LLC now owns 35,122 shares of the real estate investment trust's stock worth $5,033,000 after purchasing an additional 3,515 shares during the last quarter. Finally, Invst LLC bought a new position in shares of Digital Realty Trust during the first quarter worth about $706,000. 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.