Digital Realty Trust (NYSE:DLR) Upgraded by New Street Research to Hold Rating

Digital Realty Trust (NYSE:DLR - Get Free Report) was upgraded by analysts at New Street Research to a "hold" rating in a report released on Monday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. Citizens Jmp raised Digital Realty Trust to a "strong-buy" rating in a research report on Monday, January 27th. Jefferies Financial Group reissued a "buy" rating and set a $193.00 price target (up from $190.00) on shares of Digital Realty Trust in a research report on Friday, April 25th. JPMorgan Chase & Co. upped their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Barclays decreased their target price on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating for the company in a research note on Thursday, March 20th. Finally, Wells Fargo & Company dropped their price target on Digital Realty Trust from $210.00 to $185.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $183.05.

Digital Realty Trust Trading Up 1.8 %

Shares of NYSE:DLR traded up $2.85 on Monday, hitting $164.73. The company had a trading volume of 1,510,647 shares, compared to its average volume of 2,048,198. The firm's 50-day simple moving average is $149.77 and its two-hundred day simple moving average is $167.64. The firm has a market capitalization of $55.47 billion, a price-to-earnings ratio of 101.69, a P/E/G ratio of 4.38 and a beta of 0.92. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. Digital Realty Trust has a 1 year low of $129.95 and a 1 year high of $198.00.

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 earnings per share 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 business had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the previous year, the firm posted $1.67 EPS. The business's revenue was up 5.7% on a year-over-year basis. Equities analysts anticipate that Digital Realty Trust will post 7.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Digital Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sierra Ocean LLC purchased a new position in Digital Realty Trust in the fourth quarter worth about $29,000. FNY Investment Advisers LLC bought a new position in shares of Digital Realty Trust in the 4th quarter worth approximately $35,000. Fairway Wealth LLC purchased a new position in shares of Digital Realty Trust in the fourth quarter worth approximately $35,000. Versant Capital Management Inc grew 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 during the period. Finally, Centricity Wealth Management LLC purchased a new stake in Digital Realty Trust during the fourth quarter valued at approximately $37,000. 99.71% of the stock is owned by institutional investors.

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.