Digital Realty Trust (NYSE:DLR) Stock Rating Lowered by StockNews.com

Digital Realty Trust (NYSE:DLR) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Other equities research analysts have also recently issued reports about the stock. TD Cowen boosted their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Royal Bank of Canada boosted their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Stifel Nicolaus boosted their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.95.

Digital Realty Trust Trading Down 3.9 %

Shares of NYSE:DLR opened at $165.26 on Friday. The company’s 50-day moving average price is $173.51 and its two-hundred day moving average price is $169.43. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. Digital Realty Trust has a one year low of $135.54 and a one year high of $198.00. The stock has a market capitalization of $54.82 billion, a PE ratio of 102.01, a price-to-earnings-growth ratio of 4.33 and a beta of 0.63.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. On average, equities analysts forecast that Digital Realty Trust will post 7.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.17% of the company’s stock.

Institutional Trading of Digital Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in DLR. Private Advisor Group LLC lifted its holdings in shares of Digital Realty Trust by 8.6% during the 3rd quarter. Private Advisor Group LLC now owns 13,006 shares of the real estate investment trust’s stock worth $2,105,000 after acquiring an additional 1,027 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Digital Realty Trust by 20.9% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 10,516 shares of the real estate investment trust’s stock worth $1,702,000 after acquiring an additional 1,815 shares during the period. Dakota Wealth Management lifted its holdings in shares of Digital Realty Trust by 19.2% during the 3rd quarter. Dakota Wealth Management now owns 18,073 shares of the real estate investment trust’s stock worth $2,925,000 after acquiring an additional 2,916 shares during the period. Trueblood Wealth Management LLC lifted its holdings in shares of Digital Realty Trust by 3.1% during the 3rd quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock worth $334,000 after acquiring an additional 61 shares during the period. Finally, Signet Investment Advisory Group Inc. lifted its holdings in shares of Digital Realty Trust by 2.7% during the 3rd quarter. Signet Investment Advisory Group Inc. now owns 20,844 shares of the real estate investment trust’s stock worth $3,373,000 after acquiring an additional 556 shares during the period. 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.