Digital Realty Trust (NYSE:DLR) Raised to “Overweight” at JPMorgan Chase & Co.

Digital Realty Trust (NYSE:DLR) was upgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued to investors on Friday, Briefing.com reports. The brokerage currently has a $175.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $150.00. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 17.62% from the company’s previous close.

DLR has been the topic of a number of other reports. Wells Fargo & Company raised shares of Digital Realty Trust from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $135.00 to $155.00 in a research note on Tuesday, April 9th. UBS Group raised their target price on shares of Digital Realty Trust from $143.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Morgan Stanley lifted their price target on shares of Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Truist Financial lifted their price target on shares of Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Finally, Barclays lifted their price target on shares of Digital Realty Trust from $119.00 to $123.00 and gave the stock an “underweight” rating in a research note on Thursday, May 30th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $148.00.

Digital Realty Trust Trading Up 1.3 %

Shares of DLR opened at $148.79 on Friday. The firm’s 50 day simple moving average is $144.12 and its 200 day simple moving average is $141.46. The company has a market capitalization of $46.49 billion, a P/E ratio of 41.33, a P/E/G ratio of 19.23 and a beta of 0.57. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.29 and a quick ratio of 1.29. Digital Realty Trust has a 1-year low of $108.14 and a 1-year high of $154.18.

Institutional Trading of Digital Realty Trust

Several large investors have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale boosted its holdings in Digital Realty Trust by 4.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 288,395 shares of the real estate investment trust’s stock valued at $41,884,000 after acquiring an additional 11,417 shares in the last quarter. Cambridge Trust Co. boosted its holdings in Digital Realty Trust by 3.5% in the first quarter. Cambridge Trust Co. now owns 23,052 shares of the real estate investment trust’s stock valued at $3,320,000 after acquiring an additional 769 shares in the last quarter. Pathway Financial Advisers LLC bought a new stake in Digital Realty Trust in the first quarter valued at $1,719,000. Cetera Advisors LLC boosted its holdings in Digital Realty Trust by 26.9% in the first quarter. Cetera Advisors LLC now owns 11,145 shares of the real estate investment trust’s stock valued at $1,605,000 after acquiring an additional 2,361 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Digital Realty Trust by 295.5% in the first quarter. Cetera Investment Advisers now owns 31,665 shares of the real estate investment trust’s stock valued at $4,561,000 after acquiring an additional 23,659 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Company Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.