Analysts Set Digital Realty Trust, Inc. (NYSE:DLR) Target Price at $179.95

Digital Realty Trust, Inc. (NYSE:DLR) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-three brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $179.95.

A number of research analysts have issued reports on the company. Wells Fargo & Company lowered their price objective on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Royal Bank of Canada boosted their price target on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Scotiabank upgraded Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target for the company in a research note on Tuesday, February 18th. Finally, JMP Securities restated a “market outperform” rating and issued a $220.00 price target on shares of Digital Realty Trust in a research note on Tuesday, February 18th.

Digital Realty Trust Trading Down 3.9 %

NYSE DLR opened at $165.26 on Friday. The stock’s 50 day moving average is $173.51 and its 200 day moving average is $169.73. The firm has a market capitalization of $54.82 billion, a PE ratio of 102.01, a P/E/G ratio of 4.38 and a beta of 0.63. Digital Realty Trust has a twelve month low of $135.54 and a twelve month high of $198.00. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Research analysts forecast that Digital Realty Trust will post 7.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is currently owned by corporate insiders.

Institutional Trading of Digital Realty Trust

Hedge funds have recently bought and sold shares of the stock. Sierra Ocean LLC bought a new stake in Digital Realty Trust during the fourth quarter valued at about $29,000. FNY Investment Advisers LLC bought a new position in shares of Digital Realty Trust in the fourth quarter worth about $35,000. Fairway Wealth LLC bought a new position in shares of Digital Realty Trust in the fourth quarter worth about $35,000. Versant Capital Management Inc boosted its stake in shares of Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 173 shares during the period. Finally, Centricity Wealth Management LLC bought a new position in shares of Digital Realty Trust in the fourth quarter worth about $37,000. Institutional investors 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.