Digital Realty Trust (NYSE:DLR) Upgraded by Citizens Jmp to Strong-Buy Rating

Digital Realty Trust (NYSE:DLR) was upgraded by equities researchers at Citizens Jmp to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other analysts have also recently commented on DLR. Truist Financial raised their price target on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Raymond James upped their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. JMP Securities began coverage on Digital Realty Trust in a research note on Monday. They issued an “outperform” rating and a $220.00 price target on the stock. JPMorgan Chase & Co. raised their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Evercore ISI boosted their price target on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus price target of $180.95.

Digital Realty Trust Stock Down 1.5 %

DLR opened at $162.19 on Monday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The business has a 50 day moving average price of $182.99 and a two-hundred day moving average price of $167.95. Digital Realty Trust has a 52 week low of $131.42 and a 52 week high of $198.00. The company has a market cap of $53.80 billion, a PE ratio of 136.29, a P/E/G ratio of 4.64 and a beta of 0.64.

Insider Activity at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Digital Realty Trust

Several hedge funds have recently bought and sold shares of DLR. Mackenzie Financial Corp raised its holdings in shares of Digital Realty Trust by 1.3% during the 2nd quarter. Mackenzie Financial Corp now owns 28,895 shares of the real estate investment trust’s stock valued at $4,393,000 after purchasing an additional 367 shares in the last quarter. NewEdge Advisors LLC grew its position in Digital Realty Trust by 16.1% in the second quarter. NewEdge Advisors LLC now owns 14,763 shares of the real estate investment trust’s stock valued at $2,245,000 after acquiring an additional 2,047 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Digital Realty Trust by 23.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,416 shares of the real estate investment trust’s stock worth $2,344,000 after buying an additional 2,963 shares during the last quarter. Regal Investment Advisors LLC raised its position in Digital Realty Trust by 4.5% in the 2nd quarter. Regal Investment Advisors LLC now owns 1,921 shares of the real estate investment trust’s stock valued at $292,000 after purchasing an additional 83 shares during the last quarter. Finally, Pathway Financial Advisers LLC raised its stake in shares of Digital Realty Trust by 0.6% in the second quarter. Pathway Financial Advisers LLC now owns 12,014 shares of the real estate investment trust’s stock worth $1,820,000 after acquiring an additional 77 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Company Profile

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.