Digital Realty Trust (NYSE:DLR) Given New $128.00 Price Target at TD Cowen

Digital Realty Trust (NYSE:DLR) had its price target hoisted by TD Cowen from $120.00 to $128.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. TD Cowen’s price target would indicate a potential downside of 29.29% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Stifel Nicolaus reissued a “buy” rating and set a $195.00 price objective (up previously from $185.00) on shares of Digital Realty Trust in a research report on Friday. JPMorgan Chase & Co. boosted their price target on Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a report on Friday. The Goldman Sachs Group began coverage on Digital Realty Trust in a research report on Monday, July 1st. They issued a “buy” rating and a $175.00 target price on the stock. Raymond James raised their price target on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research note on Friday. Finally, Wells Fargo & Company lifted their price objective on shares of Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Digital Realty Trust currently has an average rating of “Hold” and an average price target of $165.21.

Digital Realty Trust Stock Performance

DLR stock opened at $181.01 on Friday. Digital Realty Trust has a 1-year low of $116.73 and a 1-year high of $193.88. The business’s 50-day moving average price is $157.70 and its two-hundred day moving average price is $150.64. The firm has a market cap of $56.55 billion, a PE ratio of 50.28, a P/E/G ratio of 5.08 and a beta of 0.60. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the company posted $1.68 earnings per share. Digital Realty Trust’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, research analysts forecast that Digital Realty Trust will post 6.65 earnings per share for the current year.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the transaction, the director now directly owns 9,055 shares in the company, valued at $1,360,604.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.17% of the company’s stock.

Institutional Trading of Digital Realty Trust

Several hedge funds have recently added to or reduced their stakes in DLR. Vanguard Group Inc. increased its position in Digital Realty Trust by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock worth $6,986,458,000 after buying an additional 951,567 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Digital Realty Trust by 3.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust’s stock valued at $733,859,000 after purchasing an additional 146,183 shares during the period. Legal & General Group Plc grew its position in shares of Digital Realty Trust by 2.8% during the 2nd quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust’s stock worth $719,222,000 after purchasing an additional 129,799 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Digital Realty Trust by 16.8% in the second quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock valued at $718,584,000 after buying an additional 678,165 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Digital Realty Trust by 5.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust’s stock worth $690,498,000 after acquiring an additional 228,585 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

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.