Digital Realty Trust (NYSE:DLR) Earns “Market Outperform” Rating from JMP Securities

Digital Realty Trust (NYSE:DLR)‘s stock had its “market outperform” rating reiterated by equities researchers at JMP Securities in a note issued to investors on Monday,Benzinga reports. They currently have a $220.00 price target on the real estate investment trust’s stock. JMP Securities’ price objective suggests a potential upside of 31.76% from the stock’s previous close.

Several other research analysts have also weighed in on the stock. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised shares of 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. TD Cowen lifted their target price on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company cut their price objective on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.70.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock traded down $1.10 during trading on Monday, hitting $166.97. 278,376 shares of the stock were exchanged, compared to its average volume of 2,181,841. The stock has a market capitalization of $55.39 billion, a price-to-earnings ratio of 140.15, a price-to-earnings-growth ratio of 4.27 and a beta of 0.63. The company has a fifty day moving average price of $178.14 and a 200-day moving average price of $168.45. Digital Realty Trust has a 1-year low of $131.42 and a 1-year high of $198.00. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81.

Insider Transactions at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Digital Realty Trust

Several hedge funds have recently bought and sold shares of DLR. Sierra Ocean LLC bought a new stake in shares of Digital Realty Trust in the 4th quarter worth approximately $29,000. FNY Investment Advisers LLC purchased a new position in shares of Digital Realty Trust in the fourth quarter worth $35,000. Fairway Wealth LLC purchased a new position in shares of Digital Realty Trust in the fourth quarter worth $35,000. Versant Capital Management Inc increased its stake in shares of Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 173 shares during the period. Finally, Centricity Wealth Management LLC purchased a new position in shares of Digital Realty Trust in the fourth quarter worth $37,000. 99.71% of the stock is currently owned by institutional investors.

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.