Digital Realty Trust (NYSE:DLR) Upgraded to Strong-Buy at Citizens Jmp

Digital Realty Trust (NYSE:DLRGet Free Report) was upgraded by equities research analysts at Citizens Jmp to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research firms have also issued reports on DLR. Royal Bank of Canada raised their price target 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. HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and boosted their target price for the stock from $124.00 to $160.00 in a research report on Friday, October 4th. Truist Financial lifted their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Finally, JMP Securities started coverage on shares of Digital Realty Trust in a research report on Monday. They set an “outperform” rating and a $220.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.95.

Check Out Our Latest Stock Analysis on DLR

Digital Realty Trust Price Performance

Shares of DLR stock opened at $164.46 on Monday. The firm’s 50 day moving average price is $183.37 and its two-hundred day moving average price is $167.90. 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 has a 52-week low of $131.42 and a 52-week high of $198.00. The stock has a market cap of $54.55 billion, a PE ratio of 138.20, a PEG ratio of 4.64 and a beta of 0.64.

Insiders Place Their Bets

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.

Institutional Trading of Digital Realty Trust

A number of large investors have recently added to or reduced their stakes in DLR. Adirondack Trust Co. raised its stake in Digital Realty Trust by 68.6% in the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 81 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $35,000. Versant Capital Management Inc raised its stake in Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 173 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in Digital Realty Trust during the 3rd quarter valued at $38,000. Finally, First Financial Corp IN bought a new position in Digital Realty Trust during the fourth quarter worth $42,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

About Digital Realty Trust

(Get Free Report)

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.

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Analyst Recommendations for Digital Realty Trust (NYSE:DLR)

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