Digital Realty Trust, Inc. (NYSE:DLR) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Digital Realty Trust, Inc. (NYSE:DLR) have been assigned a consensus rating of “Moderate Buy” from the twenty-three analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, fifteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $179.95.

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their target price for the company from $147.00 to $205.00 in a research report on Tuesday, January 7th. Scotiabank upgraded Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target for the company in a research note on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $185.00 to $194.00 in a report on Wednesday, January 15th.

Insider Buying and Selling

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.17% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DLR. Vanguard Group Inc. boosted its position in Digital Realty Trust by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust’s stock valued at $9,124,193,000 after acquiring an additional 469,823 shares during the last quarter. Norges Bank bought a new position in Digital Realty Trust during the fourth quarter worth $3,858,428,000. Geode Capital Management LLC increased its stake in Digital Realty Trust by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 8,527,649 shares of the real estate investment trust’s stock valued at $1,508,612,000 after purchasing an additional 281,704 shares in the last quarter. Northern Trust Corp increased its position in Digital Realty Trust by 57.5% in the 4th quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust’s stock valued at $900,934,000 after buying an additional 1,854,748 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in Digital Realty Trust by 2.5% in the third quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock valued at $783,812,000 after acquiring an additional 117,461 shares during the period. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Price Performance

Shares of DLR opened at $158.01 on Friday. The company has a market cap of $52.41 billion, a price-to-earnings ratio of 97.54, a PEG ratio of 4.38 and a beta of 0.63. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The company’s fifty day simple moving average is $172.45 and its 200 day simple moving average is $169.86. Digital Realty Trust has a 1-year low of $135.54 and a 1-year high of $198.00.

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 (EPS) for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. On average, research analysts forecast that Digital Realty Trust will post 7.07 earnings per share for the current fiscal year.

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.