Digital Realty Trust (NYSE:DLR) Given “Market Outperform” Rating at JMP Securities

JMP Securities restated their market outperform rating on shares of Digital Realty Trust (NYSE:DLR) in a research note published on Tuesday,Benzinga reports. JMP Securities currently has a $220.00 price objective on the real estate investment trust’s stock.

Other equities analysts have also recently issued research reports about the company. Stifel Nicolaus raised their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. TD Cowen lifted their price target on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their price target on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.95.

Digital Realty Trust Stock Performance

DLR opened at $165.49 on Tuesday. The business’s 50-day moving average price is $174.97 and its two-hundred day moving average price is $169.16. Digital Realty Trust has a 1 year low of $131.42 and a 1 year high of $198.00. The company has a market capitalization of $54.90 billion, a price-to-earnings ratio of 139.07, a P/E/G ratio of 4.27 and a beta of 0.63. 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 (NYSE:DLR) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. Equities analysts expect that Digital Realty Trust will post 6.71 EPS for the current fiscal year.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction that occurred on Thursday, December 12th. The shares were 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in Digital Realty Trust during the fourth quarter valued at approximately $29,000. FNY Investment Advisers LLC acquired a new position in Digital Realty Trust during the fourth quarter valued at approximately $35,000. Fairway Wealth LLC acquired a new position in Digital Realty Trust during the fourth quarter valued at approximately $35,000. Versant Capital Management Inc raised its position in Digital Realty Trust by 480.6% during the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC acquired a new position in Digital Realty Trust during the fourth quarter valued at approximately $37,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

About Digital Realty Trust

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.