Digital Realty Trust (NYSE:DLR) PT Raised to $128.00 at TD Cowen

Digital Realty Trust (NYSE:DLR) had its price target raised by stock analysts at TD Cowen from $120.00 to $128.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. TD Cowen’s target price points to a potential downside of 29.18% from the company’s current price.

Several other equities analysts have also recently issued reports on DLR. JPMorgan Chase & Co. upped their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Raymond James upped their price objective on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research report on Friday. Barclays boosted their price target on Digital Realty Trust from $130.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, October 10th. Finally, HSBC raised Digital Realty Trust from a “reduce” rating to a “hold” rating and raised their target price for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $163.00.

Digital Realty Trust Stock Up 9.5 %

Shares of DLR traded up $15.61 on Friday, reaching $180.74. The stock had a trading volume of 4,724,623 shares, compared to its average volume of 1,824,658. The firm has a market capitalization of $56.47 billion, a price-to-earnings ratio of 50.12, a price-to-earnings-growth ratio of 5.08 and a beta of 0.60. The company has a 50-day simple moving average of $156.77 and a 200-day simple moving average of $150.27. Digital Realty Trust has a 12-month low of $116.73 and a 12-month high of $193.88. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.78 and a current ratio of 1.78.

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

Insider Activity

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of Digital Realty Trust stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the transaction, the director now directly owns 9,055 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DLR. Adell Harriman & Carpenter Inc. raised its holdings in Digital Realty Trust by 6.6% in the 3rd quarter. Adell Harriman & Carpenter Inc. now owns 33,483 shares of the real estate investment trust’s stock valued at $5,419,000 after acquiring an additional 2,075 shares during the last quarter. Farmers & Merchants Investments Inc. increased its stake in Digital Realty Trust by 0.8% in the third quarter. Farmers & Merchants Investments Inc. now owns 49,033 shares of the real estate investment trust’s stock valued at $7,935,000 after purchasing an additional 383 shares during the last quarter. Fortitude Family Office LLC boosted its stake in Digital Realty Trust by 153.9% in the 3rd quarter. Fortitude Family Office LLC now owns 452 shares of the real estate investment trust’s stock worth $73,000 after buying an additional 274 shares during the last quarter. abrdn plc increased its stake in shares of Digital Realty Trust by 17.3% during the 3rd quarter. abrdn plc now owns 1,955,741 shares of the real estate investment trust’s stock valued at $315,999,000 after acquiring an additional 288,772 shares during the last quarter. Finally, Vanderbilt University lifted its holdings in shares of Digital Realty Trust by 11.9% during the 3rd quarter. Vanderbilt University now owns 29,578 shares of the real estate investment trust’s stock worth $4,787,000 after acquiring an additional 3,139 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

About Digital Realty Trust

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.