Digital Realty Trust (NYSE:DLR) Given New $227.00 Price Target at Freedom Broker

Digital Realty Trust (NYSE:DLR) had its price target dropped by Freedom Broker from $233.00 to $227.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Freedom Broker‘s price objective suggests a potential upside of 25.93% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $229.00 price objective on shares of Digital Realty Trust in a research note on Monday, July 27th. Truist Financial reduced their target price on Digital Realty Trust from $225.00 to $220.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Mizuho set a $223.00 target price on Digital Realty Trust in a report on Monday, August 10th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $229.00 price target on shares of Digital Realty Trust in a research note on Friday. Finally, Guggenheim raised Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a research note on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $221.53.

Digital Realty Trust Stock Performance

NYSE DLR opened at $180.26 on Friday. The firm has a 50-day moving average price of $181.45 and a two-hundred day moving average price of $182.91. Digital Realty Trust has a 12-month low of $146.23 and a 12-month high of $208.14. The company has a market capitalization of $66.88 billion, a P/E ratio of 75.42, a P/E/G ratio of 3.47 and a beta of 0.97. The company has a quick ratio of 1.06, a current ratio of 0.72 and a debt-to-equity ratio of 0.70.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, October 29th. The real estate investment trust reported $0.48 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.04). Digital Realty Trust had a return on equity of 3.68% and a net margin of 13.06%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the prior year, the business posted $1.89 earnings per share. The firm’s revenue for the quarter was up 20.6% compared to the same quarter last year. Analysts anticipate that Digital Realty Trust will post 8.37 earnings per share for the current year.

Insider Activity

In other news, Director Mark Patterson sold 200 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $193.96, for a total transaction of $38,792.00. Following the completion of the transaction, the director owned 6,322 shares of the company’s stock, valued at approximately $1,226,215.12. The trade was a 3.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.15% of the company’s stock.

Institutional Trading of Digital Realty Trust

Several large investors have recently bought and sold shares of the business. Montecito Bank & Trust boosted its stake in shares of Digital Realty Trust by 413.2% in the 3rd quarter. Montecito Bank & Trust now owns 22,915 shares of the real estate investment trust’s stock valued at $4,022,000 after purchasing an additional 18,450 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Digital Realty Trust by 88.0% during the 2nd quarter. NewEdge Advisors LLC now owns 43,832 shares of the real estate investment trust’s stock valued at $7,871,000 after purchasing an additional 20,513 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Digital Realty Trust by 40.6% during the 2nd quarter. Benjamin Edwards Inc. now owns 88,953 shares of the real estate investment trust’s stock valued at $15,978,000 after purchasing an additional 25,667 shares during the last quarter. Beacon Pointe Advisors LLC acquired a new position in Digital Realty Trust during the 2nd quarter worth approximately $3,286,000. Finally, Galaxy Digital Capital Management GP LLC acquired a new position in Digital Realty Trust during the 2nd quarter worth approximately $2,837,000. 99.71% of the stock is owned by institutional investors and hedge funds.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data center facilities for businesses, cloud service providers, information technology companies and telecommunications organizations. The company provides the physical infrastructure needed to support data storage, networking, cloud computing and other digital operations.

Its services include data center colocation, interconnection and private connectivity solutions. Digital Realty also offers access to cloud and network providers through its PlatformDIGITAL platform, which is designed to help customers deploy, connect and manage their digital infrastructure across multiple locations.

Founded in 2001, Digital Realty serves customers through a global portfolio of data centers and related facilities across North America, Europe, Asia-Pacific and Latin America.