Digital Realty Trust (NYSE:DLR) Given a $199.00 Price Target by Truist Financial Analysts

Key Points

• Truist Financial has raised its price target for Digital Realty Trust (NYSE:DLR) from $184.00 to $199.00, indicating a potential upside of 11.69%.
• Digital Realty Trust reported earnings of $1.87 per share for the last quarter, surpassing analysts' estimates and showing a 10% year-over-year increase in revenue.
• The consensus rating for Digital Realty Trust among analysts is a "Moderate Buy" with a target price averaging $190.68.

Digital Realty Trust (NYSE:DLR - Get Free Report) has been given a $199.00 price objective by Truist Financial in a research note issued on Wednesday, Marketbeat.com reports. The firm presently has a "buy" rating on the real estate investment trust's stock. Truist Financial's price objective suggests a potential upside of 14.69% from the stock's current price.

A number of other research analysts have also recently commented on DLR. Mizuho upped their target price on Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research note on Tuesday, June 17th. Barclays boosted their price objective on Digital Realty Trust from $139.00 to $140.00 and gave the company an "underweight" rating in a report on Thursday, July 24th. New Street Research upgraded Digital Realty Trust to a "hold" rating in a research note on Monday, April 28th. Wall Street Zen upgraded Digital Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Finally, Jefferies Financial Group reissued a "buy" rating and set a $193.00 target price (up from $190.00) on shares of Digital Realty Trust in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $190.68.

Digital Realty Trust Trading Down 1.7%

DLR stock traded down $2.94 during mid-day trading on Wednesday, reaching $173.50. 170,822 shares of the stock traded hands, compared to its average volume of 2,147,067. Digital Realty Trust has a one year low of $129.95 and a one year high of $198.00. The stock has a market capitalization of $58.43 billion, a PE ratio of 45.48, a PEG ratio of 3.29 and a beta of 0.95. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.92 and a current ratio of 2.22. The business has a 50-day moving average price of $174.25 and a two-hundred day moving average price of $164.03.

Digital Realty Trust (NYSE:DLR - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $1.74 by $0.13. The firm had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The firm's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.65 EPS. Equities research analysts expect that Digital Realty Trust will post 7.07 EPS for the current year.

Insider Activity

In related news, Director Mark R. Patterson sold 175 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $176.50, for a total value of $30,887.50. Following the completion of the transaction, the director directly owned 6,522 shares of the company's stock, valued at $1,151,133. This trade represents a 2.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Invesco Ltd. lifted its stake in Digital Realty Trust by 18.4% during the 4th quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust's stock valued at $692,630,000 after acquiring an additional 607,132 shares during the period. Pacific Heights Asset Management LLC lifted its holdings in shares of Digital Realty Trust by 33.3% in the 1st quarter. Pacific Heights Asset Management LLC now owns 100,000 shares of the real estate investment trust's stock valued at $14,329,000 after buying an additional 25,000 shares during the period. Vectors Research Management LLC boosted its stake in shares of Digital Realty Trust by 15.8% in the first quarter. Vectors Research Management LLC now owns 21,507 shares of the real estate investment trust's stock worth $3,082,000 after buying an additional 2,930 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in Digital Realty Trust by 3.5% during the first quarter. Asset Management One Co. Ltd. now owns 643,424 shares of the real estate investment trust's stock worth $92,196,000 after acquiring an additional 21,598 shares during the period. Finally, Brown Advisory Inc. raised its position in Digital Realty Trust by 25.2% during the first quarter. Brown Advisory Inc. now owns 8,174 shares of the real estate investment trust's stock valued at $1,171,000 after acquiring an additional 1,644 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

About Digital Realty Trust

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.