Digital Realty Trust (NYSE:DLR) Price Target Raised to $190.00

Digital Realty Trust (NYSE:DLR) had its target price lifted by JPMorgan Chase & Co. from $185.00 to $190.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 14.37% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. Royal Bank of Canada lifted their price target on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Stifel Nicolaus boosted their target price on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Scotiabank raised their price target on shares of Digital Realty Trust from $178.00 to $208.00 and gave the company a “sector perform” rating in a report on Thursday, January 23rd. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Finally, UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $179.95.

Digital Realty Trust Trading Up 1.1 %

NYSE DLR traded up $1.85 on Friday, hitting $166.13. 477,062 shares of the stock were exchanged, compared to its average volume of 2,292,635. The firm has a market capitalization of $55.11 billion, a P/E ratio of 139.59, a P/E/G ratio of 4.27 and a beta of 0.63. Digital Realty Trust has a 52-week low of $131.42 and a 52-week high of $198.00. The stock has a fifty day moving average price of $174.97 and a two-hundred day moving average price of $169.16. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. Research analysts forecast that Digital Realty Trust will post 6.71 EPS for the current fiscal year.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.17% of the company’s stock.

Institutional Trading of Digital Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AEGON ASSET MANAGEMENT UK Plc boosted its stake in shares of Digital Realty Trust by 17.7% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust’s stock valued at $11,768,000 after buying an additional 9,959 shares during the period. Capital Investment Advisors LLC raised its holdings in Digital Realty Trust by 26.4% during the fourth quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock worth $9,682,000 after purchasing an additional 11,405 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Digital Realty Trust by 6.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock valued at $61,643,000 after purchasing an additional 23,028 shares during the period. Cumberland Partners Ltd grew its stake in Digital Realty Trust by 207.3% during the 3rd quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock worth $7,540,000 after buying an additional 31,430 shares during the last quarter. Finally, Harbor Investment Advisory LLC boosted its stake in Digital Realty Trust by 53.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 16,561 shares of the real estate investment trust’s stock worth $2,937,000 after purchasing an additional 5,788 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

About Digital Realty Trust

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.