TD Cowen Forecasts Strong Price Appreciation for Digital Realty Trust (NYSE:DLR) Stock

Key Points

• TD Cowen raised its target price for Digital Realty Trust (NYSE:DLR) from $163.00 to $179.00, suggesting a slight potential downside of 0.61% from its current trading price.
• Multiple analysts have upgraded their ratings and price targets for DLR, with Wolfe Research setting a new price objective at $194.00 and Morgan Stanley initiating coverage with a target of $195.00.
• Digital Realty Trust reported quarterly earnings of $1.89 per share, beating estimates, and had a revenue of $1.58 billion, reflecting a 10.2% increase compared to the previous year.

Digital Realty Trust (NYSE:DLR - Get Free Report) had its target price boosted by stock analysts at TD Cowen from $163.00 to $179.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a "hold" rating on the real estate investment trust's stock. TD Cowen's target price suggests a potential downside of 0.61% from the stock's current price.

A number of other research firms have also issued reports on DLR. Wolfe Research upgraded shares of Digital Realty Trust from a "peer perform" rating to an "outperform" rating and set a $194.00 price objective on the stock in a research note on Monday. Morgan Stanley initiated coverage on shares of Digital Realty Trust in a research note on Thursday, October 16th. They set an "equal weight" rating and a $195.00 price objective on the stock. Guggenheim began coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They set a "neutral" rating on the stock. Citigroup restated a "buy" rating on shares of Digital Realty Trust in a research note on Tuesday, August 26th. Finally, Moffett Nathanson lifted their price target on shares of Digital Realty Trust from $163.00 to $166.00 and gave the stock a "neutral" rating in a research note on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $196.67.

Digital Realty Trust Trading Up 2.7%

DLR stock traded up $4.72 during midday trading on Friday, reaching $180.11. 1,312,777 shares of the company's stock traded hands, compared to its average volume of 1,968,583. The company has a market capitalization of $61.42 billion, a P/E ratio of 47.34, a PEG ratio of 4.86 and a beta of 0.96. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.22 and a quick ratio of 2.22. Digital Realty Trust has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The business has a 50-day moving average price of $170.41 and a two-hundred day moving average price of $168.55.

Digital Realty Trust (NYSE:DLR - Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $1.89 earnings per share for the quarter, beating analysts' consensus estimates of $1.78 by $0.11. The firm had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.53 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. Digital Realty Trust's revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.320-7.380 EPS. Equities research analysts forecast that Digital Realty Trust will post 7.07 EPS for the current fiscal year.

Insider Buying and Selling

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of Digital Realty Trust stock in a transaction on Monday, September 15th. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Digital Realty Trust

Hedge funds have recently added to or reduced their stakes in the business. Greykasell Wealth Strategies Inc. acquired a new position in Digital Realty Trust in the first quarter worth $26,000. South Plains Financial Inc. boosted its holdings in Digital Realty Trust by 280.5% in the second quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 115 shares during the period. Tobam acquired a new position in Digital Realty Trust in the second quarter worth $28,000. Salomon & Ludwin LLC acquired a new position in shares of Digital Realty Trust during the third quarter valued at $28,000. Finally, WPG Advisers LLC acquired a new position in shares of Digital Realty Trust during the first quarter valued at $30,000. Institutional investors and hedge funds 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.

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