Digital Realty Trust, Inc. (NYSE:DLR) Stock Has Consensus Price Target of $221.53 According to Brokerages

Digital Realty Trust, Inc. (NYSE:DLR) has been given an average recommendation of “Moderate Buy” by the thirty-four research firms that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, twenty-six have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $221.53.

A number of research analysts recently issued reports on DLR shares. Guggenheim upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a research report on Wednesday, July 15th. Mizuho set a $223.00 price target on shares of Digital Realty Trust in a report on Monday, August 10th. Freedom Broker reduced their price target on shares of Digital Realty Trust from $233.00 to $227.00 and set a “buy” rating for the company in a report on Friday, October 30th. Cantor Fitzgerald lifted their price target on shares of Digital Realty Trust from $221.00 to $223.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. Finally, Truist Financial dropped their price objective on shares of Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating on the stock in a report on Thursday, July 30th.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $181.02 on Friday. Digital Realty Trust has a fifty-two week low of $146.23 and a fifty-two week high of $208.14. The company has a 50 day simple moving average of $179.90 and a two-hundred day simple moving average of $183.55. The company has a market capitalization of $68.48 billion, a PE ratio of 22.15, a P/E/G ratio of 3.53 and a beta of 0.97. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 0.72.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, October 29th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.04). Digital Realty Trust had a net margin of 13.06% and a return on equity of 3.68%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the previous year, the firm earned $1.89 EPS. Digital Realty Trust’s quarterly revenue was up 20.6% on a year-over-year basis. Research analysts anticipate that Digital Realty Trust will post 8.41 earnings per share for the current year.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total transaction of $38,792.00. Following the completion of the sale, the director owned 6,322 shares in the company, valued at approximately $1,226,215.12. The trade was a 3.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On Digital Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Private Advisor Group LLC raised its stake in shares of Digital Realty Trust by 64.4% in the third quarter. Private Advisor Group LLC now owns 12,635 shares of the real estate investment trust’s stock worth $2,218,000 after purchasing an additional 4,948 shares during the last quarter. Ieq Capital LLC lifted its holdings in shares of Digital Realty Trust by 37.9% in the third quarter. Ieq Capital LLC now owns 6,626 shares of the real estate investment trust’s stock valued at $1,163,000 after purchasing an additional 1,821 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in shares of Digital Realty Trust by 13.3% during the third quarter. Checchi Capital Advisers LLC now owns 4,153 shares of the real estate investment trust’s stock valued at $729,000 after buying an additional 487 shares during the last quarter. OneAscent Financial Services LLC boosted its position in shares of Digital Realty Trust by 2.7% during the third quarter. OneAscent Financial Services LLC now owns 3,191 shares of the real estate investment trust’s stock valued at $560,000 after buying an additional 83 shares during the last quarter. Finally, Landscape Capital Management L.L.C. bought a new stake in Digital Realty Trust during the third quarter worth $854,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

About Digital Realty Trust

Digital Realty Trust, Inc. is a real estate investment trust that owns, operates and develops data centers. Its facilities support customers’ IT infrastructure, including the equipment and systems used to store, process and exchange digital information. The company provides data center space and related services, including colocation, interconnection and access to cloud and network providers. Its PlatformDIGITAL offering connects businesses with customers, partners and service providers across its data center portfolio.