Barclays Forecasts Strong Price Appreciation for Digital Realty Trust (NYSE:DLR) Stock

Digital Realty Trust (NYSE:DLR) had its price objective lifted by stock analysts at Barclays from $135.00 to $142.00 in a report released on Monday,Benzinga reports. The firm currently has an “underweight” rating on the real estate investment trust’s stock. Barclays‘s price target points to a potential downside of 24.17% from the stock’s current price.

Several other research analysts have also recently issued reports on DLR. JPMorgan Chase & Co. increased their price objective on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. TD Cowen increased their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Jefferies Financial Group increased their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Raymond James increased their price objective on Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. Finally, HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their price objective for the stock from $124.00 to $160.00 in a research report on Friday, October 4th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $169.84.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $187.26 on Monday. Digital Realty Trust has a 12 month low of $130.00 and a 12 month high of $193.88. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The business has a 50 day simple moving average of $167.85 and a 200-day simple moving average of $155.59. The stock has a market capitalization of $62.12 billion, a PE ratio of 157.36, a price-to-earnings-growth ratio of 4.77 and a beta of 0.59.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the company earned $1.62 EPS. Digital Realty Trust’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts predict that Digital Realty Trust will post 6.71 earnings per share for the current year.

Institutional Trading of Digital Realty Trust

Hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. acquired a new stake in Digital Realty Trust in the 2nd quarter worth about $25,000. American Capital Advisory LLC purchased a new stake in Digital Realty Trust during the 2nd quarter worth approximately $27,000. Private Ocean LLC acquired a new position in shares of Digital Realty Trust in the 2nd quarter worth approximately $27,000. Gradient Investments LLC grew its position in shares of Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 76 shares in the last quarter. Finally, Adirondack Trust Co. grew its position in shares of Digital Realty Trust by 68.6% in the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 81 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

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.