Digital Realty Trust (NYSE:DLR) Raised to “Buy” at Deutsche Bank Aktiengesellschaft

Digital Realty Trust (NYSE:DLR) was upgraded by research analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report issued on Wednesday, MarketBeat.com reports. The brokerage presently has a $194.00 price target on the real estate investment trust’s stock, up from their previous price target of $185.00. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 7.80% from the company’s previous close.

Several other analysts also recently commented on the stock. Jefferies Financial Group increased their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Raymond James upped their price target on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Royal Bank of Canada lifted their price objective on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Evercore ISI boosted their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, HSBC raised Digital Realty Trust from a “reduce” rating to a “hold” rating and raised their target price for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $177.32.

Digital Realty Trust Price Performance

NYSE DLR opened at $179.96 on Wednesday. The company has a market cap of $59.70 billion, a price-to-earnings ratio of 151.23, a PEG ratio of 4.35 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. The stock’s fifty day moving average price is $183.23 and its 200 day moving average price is $166.42. Digital Realty Trust has a 1 year low of $131.42 and a 1 year high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the company posted $1.62 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities research analysts forecast that Digital Realty Trust will post 6.71 earnings per share for the current year.

Insider Activity at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the business’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 transaction of $471,873.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Digital Realty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in DLR. Adirondack Trust Co. lifted its stake in shares of Digital Realty Trust by 68.6% in the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 81 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Digital Realty Trust in the 4th quarter valued at about $35,000. Versant Capital Management Inc lifted its stake in Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 173 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Digital Realty Trust during the 3rd quarter worth approximately $38,000. Finally, First Financial Corp IN purchased a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

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.