Barclays Issues Pessimistic Forecast for Digital Realty Trust (NYSE:DLR) Stock Price

Digital Realty Trust (NYSE:DLR) had its price objective decreased by research analysts at Barclays from $142.00 to $139.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the real estate investment trust’s stock. Barclays‘s price objective would indicate a potential downside of 7.80% from the stock’s previous close.

DLR has been the topic of several other reports. Scotiabank upgraded Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price objective on the stock in a research report on Tuesday, February 18th. JPMorgan Chase & Co. boosted their target price on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Truist Financial decreased their target price on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their target price for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.95.

Digital Realty Trust Price Performance

NYSE DLR opened at $150.76 on Thursday. The business’s fifty day moving average is $162.82 and its 200 day moving average is $169.77. Digital Realty Trust has a fifty-two week low of $135.54 and a fifty-two week high of $198.00. The company has a market capitalization of $50.75 billion, a PE ratio of 93.06, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Private Advisor Group LLC grew its stake in shares of Digital Realty Trust by 4.1% during the fourth quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust’s stock valued at $2,400,000 after buying an additional 527 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc grew its stake in shares of Digital Realty Trust by 17.7% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust’s stock valued at $11,768,000 after buying an additional 9,959 shares during the last quarter. Capital Investment Advisors LLC grew its stake in shares of Digital Realty Trust by 26.4% during the fourth quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock valued at $9,682,000 after buying an additional 11,405 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Digital Realty Trust by 6.4% during the third quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock valued at $61,643,000 after buying an additional 23,028 shares during the last quarter. Finally, Leavell Investment Management Inc. grew its stake in shares of Digital Realty Trust by 74.1% during the fourth quarter. Leavell Investment Management Inc. now owns 18,283 shares of the real estate investment trust’s stock valued at $3,262,000 after buying an additional 7,781 shares during the last quarter. 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.