Barclays Has Lowered Expectations for Digital Realty Trust (NYSE:DLR) Stock Price

Digital Realty Trust (NYSE:DLR) had its price target decreased by research analysts at Barclays from $142.00 to $139.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the real estate investment trust’s stock. Barclays‘s target price points to a potential downside of 7.80% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Stifel Nicolaus raised their target price on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Scotiabank raised Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price objective for the company in a research report on Tuesday, February 18th. Truist Financial reduced their price objective on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, March 10th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $220.00 price objective on shares of Digital Realty Trust in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Digital Realty Trust presently has an average rating of “Moderate Buy” and a consensus target price of $179.95.

Digital Realty Trust Trading Down 0.4 %

NYSE DLR opened at $150.76 on Thursday. The stock has a market cap of $50.75 billion, a P/E ratio of 93.06, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The stock has a 50 day simple moving average of $162.82 and a two-hundred day simple moving average of $169.77. Digital Realty Trust has a fifty-two week low of $135.54 and a fifty-two week high of $198.00.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 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%. On average, analysts forecast that Digital Realty Trust will post 7.07 earnings per share for the current year.

Institutional Trading of Digital Realty Trust

Several large investors have recently modified their holdings of DLR. Sierra Ocean LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter worth $29,000. FNY Investment Advisers LLC purchased a new position in Digital Realty Trust during the fourth quarter valued at $35,000. Fairway Wealth LLC purchased a new position in Digital Realty Trust during the fourth quarter valued at $35,000. Versant Capital Management Inc lifted 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 purchased a new position in Digital Realty Trust during the fourth quarter valued at $37,000. Institutional investors own 99.71% of the company’s stock.

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.