Digital Realty Trust (NYSE:DLR) Given New $142.00 Price Target at Barclays

Digital Realty Trust (NYSE:DLR) had its target price upped by Barclays from $135.00 to $142.00 in a report released on Monday,Benzinga reports. The firm presently has an “underweight” rating on the real estate investment trust’s stock. Barclays‘s price objective points to a potential downside of 24.17% from the company’s previous close.

A number of other equities research analysts have also issued reports on DLR. Royal Bank of Canada boosted their target price on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Wells Fargo & Company increased their price objective on Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Raymond James increased their price objective on Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th. Evercore ISI increased their price objective 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. Finally, Truist Financial increased their price objective on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust has an average rating of “Hold” and an average price target of $169.84.

Digital Realty Trust Stock Up 2.2 %

Shares of Digital Realty Trust stock opened at $187.26 on Monday. The business’s fifty day moving average price is $167.85 and its two-hundred day moving average price is $155.59. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market capitalization of $62.12 billion, a P/E ratio of 157.36, a PEG ratio of 4.77 and a beta of 0.59. Digital Realty Trust has a 1-year low of $130.00 and a 1-year high of $193.88.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the firm posted $1.62 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, research analysts forecast that Digital Realty Trust will post 6.71 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new stake in Digital Realty Trust in the 2nd quarter valued at approximately $25,000. American Capital Advisory LLC acquired a new stake in Digital Realty Trust in the 2nd quarter valued at approximately $27,000. Private Ocean LLC acquired a new stake in Digital Realty Trust in the 2nd quarter valued at approximately $27,000. Gradient Investments LLC grew its holdings in Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 76 shares during the last quarter. Finally, Adirondack Trust Co. grew its holdings in Digital Realty Trust by 68.6% in the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 81 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

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.