Digital Realty Trust (NYSE:DLR) Rating Increased to Hold at Hsbc Global Res

Digital Realty Trust (NYSE:DLR) was upgraded by stock analysts at Hsbc Global Res from a “moderate sell” rating to a “hold” rating in a research report issued on Friday, Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. Mizuho assumed coverage on shares of Digital Realty Trust in a research note on Thursday, July 11th. They issued an “outperform” rating and a $170.00 target price for the company. TD Cowen cut their price objective on shares of Digital Realty Trust from $122.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, July 26th. JPMorgan Chase & Co. raised their price objective on shares of Digital Realty Trust from $175.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. BMO Capital Markets upgraded shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $144.00 to $170.00 in a research report on Wednesday, June 26th. Finally, Barclays lifted their price target on shares of Digital Realty Trust from $123.00 to $130.00 and gave the company an “underweight” rating in a research report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $156.61.

Digital Realty Trust Price Performance

Shares of NYSE DLR opened at $157.00 on Friday. Digital Realty Trust has a fifty-two week low of $113.94 and a fifty-two week high of $165.17. The stock has a market capitalization of $49.05 billion, a price-to-earnings ratio of 43.61, a PEG ratio of 5.14 and a beta of 0.60. The business has a 50-day moving average of $153.38 and a 200-day moving average of $148.38. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.78.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($1.43). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business posted $1.68 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. As a group, sell-side analysts predict that Digital Realty Trust will post 6.65 earnings per share for the current fiscal year.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the sale, the director now owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.17% of the stock is currently owned by insiders.

Institutional Trading of Digital Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of DLR. Massachusetts Financial Services Co. MA lifted its holdings in shares of Digital Realty Trust by 543.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,447,340 shares of the real estate investment trust’s stock worth $220,068,000 after purchasing an additional 1,773,591 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Digital Realty Trust by 2.0% during the first quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock worth $6,986,458,000 after purchasing an additional 951,567 shares during the period. Balyasny Asset Management L.P. acquired a new position in shares of Digital Realty Trust during the fourth quarter worth $107,372,000. Wulff Hansen & CO. lifted its holdings in shares of Digital Realty Trust by 15,105.0% during the second quarter. Wulff Hansen & CO. now owns 795,830 shares of the real estate investment trust’s stock worth $121,006,000 after purchasing an additional 790,596 shares during the period. Finally, Electron Capital Partners LLC lifted its holdings in shares of Digital Realty Trust by 220.7% during the second quarter. Electron Capital Partners LLC now owns 1,041,594 shares of the real estate investment trust’s stock worth $158,374,000 after purchasing an additional 716,816 shares during the period. Institutional investors 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.