Digital Realty Trust (NYSE:DLR) Receives New Coverage from Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Digital Realty Trust (NYSE:DLR – Get Rating) in a research note issued on Thursday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Other analysts have also recently issued research reports about the company. Citigroup raised their price target on Digital Realty Trust from $119.00 to $120.00 and gave the company a “buy” rating in a report on Monday, March 6th. Wells Fargo & Company cut Digital Realty Trust from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $120.00 to $115.00 in a report on Wednesday, December 14th. Deutsche Bank Aktiengesellschaft raised their price target on Digital Realty Trust from $110.00 to $115.00 in a report on Friday, December 16th. Barclays decreased their price objective on Digital Realty Trust from $88.00 to $81.00 and set an “underweight” rating on the stock in a report on Monday, December 19th. Finally, BNP Paribas began coverage on Digital Realty Trust in a report on Wednesday, December 14th. They set a “neutral” rating and a $128.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $123.54.

Digital Realty Trust Stock Down 0.4 %

Shares of NYSE DLR opened at $105.26 on Thursday. Digital Realty Trust has a 52 week low of $85.76 and a 52 week high of $153.50. The business has a 50-day simple moving average of $107.86 and a two-hundred day simple moving average of $106.17. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.96. The company has a market cap of $30.65 billion, a P/E ratio of 92.33, a P/E/G ratio of 2.44 and a beta of 0.52.

Digital Realty Trust (NYSE:DLR – Get Rating) last issued its earnings results on Thursday, February 16th. The real estate investment trust reported ($0.02) EPS for the quarter, missing the consensus estimate of $1.68 by ($1.70). Digital Realty Trust had a return on equity of 2.46% and a net margin of 8.05%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the business earned $1.67 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Research analysts anticipate that Digital Realty Trust will post 6.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Digital Realty Trust news, EVP Jeannie Lee sold 1,000 shares of Digital Realty Trust stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $115.00, for a total value of $115,000.00. Following the transaction, the executive vice president now directly owns 10,975 shares of the company’s stock, valued at approximately $1,262,125. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Dyer Corey sold 4,401 shares of Digital Realty Trust stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $104.19, for a total value of $458,540.19. Following the sale, the executive vice president now directly owns 30,026 shares in the company, valued at approximately $3,128,408.94. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jeannie Lee sold 1,000 shares of Digital Realty Trust stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $115.00, for a total value of $115,000.00. Following the completion of the sale, the executive vice president now owns 10,975 shares in the company, valued at $1,262,125. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On Digital Realty Trust

Large investors have recently made changes to their positions in the business. Concord Wealth Partners bought a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $26,000. Neo Ivy Capital Management boosted its position in shares of Digital Realty Trust by 116.4% during the third quarter. Neo Ivy Capital Management now owns 264 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 142 shares in the last quarter. Guardian Wealth Advisors LLC bought a new stake in shares of Digital Realty Trust during the third quarter valued at approximately $27,000. Clear Street Markets LLC boosted its position in shares of Digital Realty Trust by 28,900.0% during the fourth quarter. Clear Street Markets LLC now owns 290 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 289 shares in the last quarter. Finally, Affiance Financial LLC bought a new stake in shares of Digital Realty Trust during the fourth quarter valued at approximately $34,000. 95.00% of the stock is currently owned by institutional investors.

Digital Realty Trust Company Profile

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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.