Digital Realty Trust (NYSE:DLR - Get Free Report) had its price objective decreased by equities researchers at Scotiabank from $208.00 to $206.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a "sector outperform" rating on the real estate investment trust's stock. Scotiabank's target price indicates a potential upside of 28.67% from the stock's previous close.
Several other equities analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. Mizuho reduced their price objective on Digital Realty Trust from $211.00 to $177.00 and set an "outperform" rating on the stock in a research note on Friday, March 28th. JMP Securities reaffirmed a "market outperform" rating and issued a $220.00 price objective on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Truist Financial cut their target price on Digital Realty Trust from $201.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, March 10th. Finally, JPMorgan Chase & Co. raised their price target on Digital Realty Trust from $185.00 to $190.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $183.05.
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Digital Realty Trust Price Performance
Shares of DLR traded up $6.35 during midday trading on Tuesday, hitting $160.10. 3,387,601 shares of the company traded hands, compared to its average volume of 2,049,368. Digital Realty Trust has a 52 week low of $129.95 and a 52 week high of $198.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The firm has a 50 day moving average of $150.10 and a 200-day moving average of $167.66. The stock has a market cap of $53.91 billion, a price-to-earnings ratio of 98.83, a PEG ratio of 4.38 and a beta of 0.92.
Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. On average, analysts forecast that Digital Realty Trust will post 7.07 EPS for the current fiscal year.
Hedge Funds Weigh In On Digital Realty Trust
Institutional investors have recently made changes to their positions in the company. Sierra Ocean LLC purchased a new position in Digital Realty Trust during the 4th quarter valued at about $29,000. FNY Investment Advisers LLC purchased a new position in Digital Realty Trust during the fourth quarter valued at approximately $35,000. Fairway Wealth LLC bought a new position in Digital Realty Trust in the fourth quarter worth approximately $35,000. Versant Capital Management Inc lifted its holdings 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 worth $37,000 after buying an additional 173 shares during the period. Finally, Centricity Wealth Management LLC bought a new stake in Digital Realty Trust during the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 99.71% of the company's stock.
Digital Realty Trust Company Profile
(
Get Free Report)
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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