Truist Financial Reaffirms Buy Rating for Digital Realty Trust (NYSE:DLR)

Digital Realty Trust (NYSE:DLR)‘s stock had its “buy” rating reissued by stock analysts at Truist Financial in a note issued to investors on Thursday, MarketBeat.com reports. They presently have a $208.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $207.00. Truist Financial’s price target suggests a potential upside of 10.34% from the company’s previous close.

Several other analysts have also recently issued reports on the company. Citigroup reissued an “outperform” rating on shares of Digital Realty Trust in a research note on Monday, April 27th. BNP Paribas Exane raised their target price on Digital Realty Trust from $196.00 to $224.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. The Goldman Sachs Group reissued a “buy” rating and issued a $215.00 target price on shares of Digital Realty Trust in a research note on Friday, April 24th. Morgan Stanley raised their target price on Digital Realty Trust from $210.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Finally, Scotiabank raised their price objective on shares of Digital Realty Trust from $195.00 to $222.00 and gave the stock an “outperform” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $214.41.

Digital Realty Trust Stock Down 2.2%

Shares of NYSE:DLR opened at $188.52 on Thursday. The stock’s 50-day moving average price is $187.67 and its 200-day moving average price is $172.16. Digital Realty Trust has a 12-month low of $146.23 and a 12-month high of $208.14. The stock has a market capitalization of $66.25 billion, a P/E ratio of 49.74, a price-to-earnings-growth ratio of 5.24 and a beta of 1.06. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.78.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Digital Realty Trust had a return on equity of 6.05% and a net margin of 21.73%.The company’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period last year, the firm earned $1.77 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 7.950-8.050 EPS. On average, equities analysts anticipate that Digital Realty Trust will post 8.06 earnings per share for the current year.

Hedge Funds Weigh In On Digital Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DLR. Norges Bank bought a new position in Digital Realty Trust in the 4th quarter valued at approximately $3,402,995,000. Cohen & Steers Inc. increased its stake in shares of Digital Realty Trust by 18.0% in the 4th quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock worth $4,332,366,000 after purchasing an additional 4,276,073 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Digital Realty Trust by 686.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,807,512 shares of the real estate investment trust’s stock worth $831,123,000 after purchasing an additional 4,195,862 shares in the last quarter. Viking Global Investors LP purchased a new stake in shares of Digital Realty Trust in the 4th quarter worth $233,301,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Digital Realty Trust by 78.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,190,797 shares of the real estate investment trust’s stock worth $493,650,000 after buying an additional 1,405,791 shares during the period. 99.71% of the stock is owned by institutional investors.

About Digital Realty Trust

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.