Wall Street Zen Upgrades Digital Realty Trust (NYSE:DLR) to Hold

Digital Realty Trust (NYSE:DLR - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Sunday.

A number of other analysts have also recently weighed in on the stock. Scotiabank dropped their price objective on shares of Digital Realty Trust from $208.00 to $206.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 22nd. Barclays dropped their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an "underweight" rating on the stock in a report on Thursday, March 20th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $193.00 price objective (up previously from $190.00) on shares of Digital Realty Trust in a report on Friday, April 25th. Mizuho dropped their price objective on shares of Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a report on Friday, March 28th. Finally, JPMorgan Chase & Co. increased 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $185.10.

Digital Realty Trust Stock Up 0.7%

DLR traded up $1.21 during trading on Friday, hitting $172.73. The company had a trading volume of 1,340,467 shares, compared to its average volume of 1,981,631. The company has a market cap of $58.17 billion, a PE ratio of 106.62, a P/E/G ratio of 4.38 and a beta of 0.93. The business has a 50-day moving average of $156.34 and a 200-day moving average of $166.61. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. 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 issued its earnings results on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.04. The company had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The firm's revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.67 earnings per share. As a group, analysts forecast that Digital Realty Trust will post 7.07 earnings per share for the current year.

Hedge Funds Weigh In On Digital Realty Trust

Several large investors have recently made changes to their positions in the business. Anson Funds Management LP bought a new position in shares of Digital Realty Trust during the 1st quarter valued at about $1,702,000. Strs Ohio acquired a new position in shares of Digital Realty Trust in the first quarter worth about $72,324,000. Foresight Group Ltd Liability Partnership boosted its holdings in shares of Digital Realty Trust by 8.3% in the first quarter. Foresight Group Ltd Liability Partnership now owns 136,136 shares of the real estate investment trust's stock worth $19,355,000 after buying an additional 10,427 shares during the period. Jacobi Capital Management LLC boosted its holdings in shares of Digital Realty Trust by 7.0% in the first quarter. Jacobi Capital Management LLC now owns 6,022 shares of the real estate investment trust's stock worth $863,000 after buying an additional 396 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Digital Realty Trust by 6.6% in the first quarter. Geneos Wealth Management Inc. now owns 1,056 shares of the real estate investment trust's stock worth $151,000 after buying an additional 65 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.