Royal Bank of Canada Increases Digital Realty Trust (NYSE:DLR) Price Target to $207.00

Digital Realty Trust (NYSE:DLR) had its price target hoisted by equities research analysts at Royal Bank of Canada from $177.00 to $207.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 13.24% from the company’s current price.

Several other research analysts have also weighed in on the company. Raymond James increased their target price on Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. Truist Financial boosted their target price on Digital Realty Trust from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Stifel Nicolaus restated a “buy” rating and issued a $195.00 price target (up previously from $185.00) on shares of Digital Realty Trust in a report on Friday, October 25th. Scotiabank lifted their price target on shares of Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Finally, Mizuho started coverage on shares of Digital Realty Trust in a research report on Thursday, July 11th. They issued an “outperform” rating and a $170.00 price objective for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $167.68.

Digital Realty Trust Trading Down 0.3 %

NYSE DLR opened at $182.80 on Monday. The company has a market cap of $59.85 billion, a P/E ratio of 153.61, a P/E/G ratio of 5.08 and a beta of 0.60. Digital Realty Trust has a 12 month low of $121.38 and a 12 month high of $193.88. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.78. The company has a 50-day moving average of $159.07 and a 200-day moving average of $151.30.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the company posted $1.62 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts predict that Digital Realty Trust will post 6.65 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the sale, the director now owns 9,055 shares in the company, valued at approximately $1,360,604.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is owned by company insiders.

Institutional Investors Weigh In On Digital Realty Trust

A number of institutional investors have recently made changes to their positions in DLR. Meeder Asset Management Inc. acquired a new position in Digital Realty Trust in the second quarter worth $25,000. American Capital Advisory LLC bought a new stake in shares of Digital Realty Trust during the 2nd quarter valued at about $27,000. Private Ocean LLC acquired a new stake in Digital Realty Trust during the second quarter worth about $27,000. Gradient Investments LLC lifted its holdings in Digital Realty Trust by 75.2% in the second quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 76 shares during the last quarter. Finally, Adirondack Trust Co. boosted its stake in 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 valued at $32,000 after acquiring an additional 81 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Company Profile

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.