Digital Realty Trust (NYSE:DLR) Lowered to Sell Rating by StockNews.com

StockNews.com downgraded shares of Digital Realty Trust (NYSE:DLR) from a hold rating to a sell rating in a report released on Saturday.

Several other research firms have also weighed in on DLR. Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Royal Bank of Canada lifted their price objective 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. JPMorgan Chase & Co. lifted their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Stifel Nicolaus boosted their target price on Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Raymond James boosted their target price on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $179.95.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $159.32 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. Digital Realty Trust has a fifty-two week low of $135.54 and a fifty-two week high of $198.00. The company has a 50 day simple moving average of $172.99 and a two-hundred day simple moving average of $169.80. The company has a market capitalization of $52.85 billion, a PE ratio of 98.34, a P/E/G ratio of 4.38 and a beta of 0.63.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. Research analysts anticipate that Digital Realty Trust will post 7.07 earnings per share for the current year.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction on 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 legal filing with the SEC, which is accessible through this hyperlink. 0.17% of the stock is owned by company insiders.

Institutional Investors Weigh In On Digital Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hall Capital Management Co. Inc. bought a new position in shares of Digital Realty Trust in the fourth quarter worth $2,829,000. Ameriflex Group Inc. purchased a new stake in Digital Realty Trust during the fourth quarter valued at about $52,000. Putney Financial Group LLC purchased a new stake in Digital Realty Trust during the fourth quarter valued at about $93,000. Mackenzie Financial Corp boosted its position in Digital Realty Trust by 9.8% during the fourth quarter. Mackenzie Financial Corp now owns 27,405 shares of the real estate investment trust’s stock valued at $4,860,000 after buying an additional 2,449 shares during the period. Finally, Forum Financial Management LP boosted its position in Digital Realty Trust by 8.6% during the fourth quarter. Forum Financial Management LP now owns 1,797 shares of the real estate investment trust’s stock valued at $319,000 after buying an additional 142 shares during the period. 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.