Digital Realty Trust (NYSE:DLR) PT Raised to $205.00 at Jefferies Financial Group

Digital Realty Trust (NYSE:DLR) had its price objective boosted by equities research analysts at Jefferies Financial Group from $190.00 to $205.00 in a report released on Friday, Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Jefferies Financial Group’s target price points to a potential upside of 13.25% from the stock’s previous close.

A number of other equities research analysts also recently commented on the stock. Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. Argus lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $195.00 price target (up from $185.00) on shares of Digital Realty Trust in a report on Friday. Truist Financial increased their price objective on Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. upped 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. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Hold” and an average target price of $165.21.

Digital Realty Trust Stock Up 9.6 %

Shares of NYSE DLR opened at $181.01 on Friday. The stock has a market cap of $56.55 billion, a P/E ratio of 50.28, a PEG ratio of 5.08 and a beta of 0.60. The business’s fifty day simple moving average is $157.70 and its 200-day simple moving average is $150.64. Digital Realty Trust has a 12-month low of $116.73 and a 12-month high of $193.88. 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 announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($1.43). The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.68 EPS. As a group, equities analysts predict that Digital Realty Trust will post 6.65 EPS for the current fiscal year.

Insider Activity 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 transaction of $90,156.00. Following the completion of the transaction, the director now owns 9,055 shares in the company, valued at approximately $1,360,604.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Digital Realty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new stake in shares of Digital Realty Trust in the second quarter valued at approximately $25,000. Gradient Investments LLC boosted its position in shares of Digital Realty Trust by 75.2% during the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 76 shares in the last quarter. American Capital Advisory LLC acquired a new position in shares of Digital Realty Trust during the 2nd quarter worth $27,000. Private Ocean LLC purchased a new position in shares of Digital Realty Trust in the 2nd quarter valued at about $27,000. Finally, Asset Dedication LLC purchased a new stake in Digital Realty Trust during the second quarter worth about $31,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

About Digital Realty Trust

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.