Citizens Jmp Upgrades Digital Realty Trust (NYSE:DLR) to Strong-Buy

Digital Realty Trust (NYSE:DLRGet Free Report) was upgraded by equities researchers at Citizens Jmp to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other research firms have also recently issued reports on DLR. Evercore ISI increased their target price on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Scotiabank lifted their target price on Digital Realty Trust from $178.00 to $208.00 and gave the stock a “sector perform” rating in a report on Thursday, January 23rd. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and raised their price objective for the stock from $124.00 to $160.00 in a research note on Friday, October 4th. Wells Fargo & Company lifted their price target on shares of Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. raised their price objective on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $180.95.

Get Our Latest Stock Report on Digital Realty Trust

Digital Realty Trust Price Performance

NYSE DLR opened at $162.19 on Monday. The stock has a market capitalization of $53.80 billion, a price-to-earnings ratio of 136.29, a PEG ratio of 4.64 and a beta of 0.64. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. Digital Realty Trust has a 1-year low of $131.42 and a 1-year high of $198.00. The business’s fifty day moving average price is $182.99 and its 200-day moving average price is $167.95.

Insider Buying and Selling

In other news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.17% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Digital Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in DLR. Adirondack Trust Co. boosted its holdings in 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 valued at $32,000 after purchasing an additional 81 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in Digital Realty Trust during the 4th quarter valued at about $35,000. Versant Capital Management Inc increased its stake in Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 173 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of Digital Realty Trust in the third quarter valued at $38,000. Finally, First Financial Corp IN purchased a new position in shares of Digital Realty Trust in the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Digital Realty Trust (NYSE:DLR)

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