Digital Realty Trust, Inc. (NYSE:DLR) Receives Average Rating of “Moderate Buy” from Analysts

Digital Realty Trust, Inc. (NYSE:DLR) has been assigned an average recommendation of “Moderate Buy” from the twenty-three ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, fifteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $179.95.

A number of research firms recently commented on DLR. Stifel Nicolaus lifted their price objective on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Truist Financial lifted their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Scotiabank raised shares of 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 note on Tuesday. Wells Fargo & Company decreased their target price on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada boosted their price target on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, October 28th.

Insiders Place Their Bets

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.17% of the stock is owned by insiders.

Hedge Funds Weigh In On Digital Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of DLR. Mackenzie Financial Corp raised its stake in shares of Digital Realty Trust by 9.8% during the fourth quarter. Mackenzie Financial Corp now owns 27,405 shares of the real estate investment trust’s stock valued at $4,860,000 after purchasing an additional 2,449 shares during the period. Forum Financial Management LP lifted its holdings in Digital Realty Trust by 8.6% in the 4th quarter. Forum Financial Management LP now owns 1,797 shares of the real estate investment trust’s stock worth $319,000 after buying an additional 142 shares in the last quarter. Toronto Dominion Bank boosted its position in Digital Realty Trust by 9.7% in the 4th quarter. Toronto Dominion Bank now owns 170,233 shares of the real estate investment trust’s stock valued at $30,187,000 after buying an additional 15,079 shares during the last quarter. Auxier Asset Management acquired a new stake in shares of Digital Realty Trust during the fourth quarter valued at about $214,000. Finally, GF Fund Management CO. LTD. purchased a new stake in shares of Digital Realty Trust during the fourth quarter worth about $1,055,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Stock Up 1.4 %

Shares of NYSE DLR opened at $171.94 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The firm’s 50-day moving average is $173.91 and its two-hundred day moving average is $169.29. Digital Realty Trust has a 12-month low of $131.42 and a 12-month high of $198.00. The company has a market capitalization of $57.03 billion, a PE ratio of 106.13, a price-to-earnings-growth ratio of 4.23 and a beta of 0.63.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. Equities analysts anticipate that Digital Realty Trust will post 7.06 EPS for the current fiscal year.

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.