Digital Realty Trust (NYSE:DLR) Share Price Crosses Above 50 Day Moving Average - What's Next?

Key Points

• Digital Realty shares rose above their 50-day moving average, reaching $181.94 and last trading at about $180.04; the stock was up 3.3% in the session.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $221.53, notably above the recent share price.
• In its latest quarter, the data-center REIT missed earnings-per-share estimates ($0.48 vs. $0.52) but beat revenue expectations with $1.90 billion, up 20.6% year over year.

Digital Realty Trust, Inc. (NYSE:DLR - Get Free Report)'s stock price passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $180.00 and traded as high as $181.94. Digital Realty Trust shares last traded at $180.0350, with a volume of 2,418,118 shares traded.

Analyst Upgrades and Downgrades

DLR has been the subject of a number of research reports. Evercore reiterated an "outperform" rating and issued a $240.00 price objective on shares of Digital Realty Trust in a report on Tuesday, August 18th. The Goldman Sachs Group reissued a "buy" rating and set a $237.00 price objective on shares of Digital Realty Trust in a report on Friday, October 30th. JPMorgan Chase & Co. boosted their target price on Digital Realty Trust from $230.00 to $235.00 and gave the stock an "overweight" rating in a research report on Friday, July 24th. HSBC reduced their price target on shares of Digital Realty Trust from $240.00 to $235.00 and set a "buy" rating on the stock in a research report on Wednesday, September 23rd. Finally, Rothschild & Co Redburn initiated coverage on shares of Digital Realty Trust in a research note on Monday, September 21st. They set a "buy" rating and a $227.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Digital Realty Trust presently has an average rating of "Moderate Buy" and a consensus price target of $221.53.

Digital Realty Trust Stock Up 3.3%

The stock has a market capitalization of $68.11 billion, a P/E ratio of 75.33, a PEG ratio of 3.61 and a beta of 0.97. The stock has a 50 day moving average price of $180.00 and a 200-day moving average price of $183.44. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.72 and a quick ratio of 1.06.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its earnings results on Thursday, October 29th. The real estate investment trust reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.04). The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.75 billion. Digital Realty Trust had a net margin of 13.06% and a return on equity of 3.68%. The company's revenue was up 20.6% on a year-over-year basis. During the same period last year, the firm posted $1.89 EPS. As a group, research analysts expect that Digital Realty Trust, Inc. will post 8.42 EPS for the current fiscal year.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Mark Patterson sold 200 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total value of $38,792.00. Following the transaction, the director owned 6,322 shares in the company, valued at approximately $1,226,215.12. This trade represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.15% of the company's stock.

Institutional Trading of Digital Realty Trust

Large investors have recently modified their holdings of the business. Western Wealth Management LLC raised its holdings in shares of Digital Realty Trust by 1.8% during the third quarter. Western Wealth Management LLC now owns 4,608 shares of the real estate investment trust's stock valued at $809,000 after acquiring an additional 83 shares in the last quarter. Intech Investment Management LLC lifted its stake in Digital Realty Trust by 512.2% in the third quarter. Intech Investment Management LLC now owns 155,050 shares of the real estate investment trust's stock worth $27,216,000 after acquiring an additional 129,724 shares during the period. West Family Investments Inc. bought a new stake in Digital Realty Trust in the third quarter valued at $274,000. Safe Harbor Family Capital LLC increased its position in Digital Realty Trust by 89.5% during the 3rd quarter. Safe Harbor Family Capital LLC now owns 5,418 shares of the real estate investment trust's stock valued at $951,000 after purchasing an additional 2,559 shares during the period. Finally, IFG Advisory LLC increased its position in Digital Realty Trust by 21.2% during the 3rd quarter. IFG Advisory LLC now owns 4,220 shares of the real estate investment trust's stock valued at $741,000 after purchasing an additional 739 shares during the period. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers. Its facilities support customers' IT infrastructure, including the equipment and systems used to store, process and exchange digital information.

The company provides data center space and related services, including colocation, interconnection and access to cloud and network providers. Its PlatformDIGITAL offering connects businesses with customers, partners and service providers across its data center portfolio.

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