Digital Realty Trust (NYSE:DLR) Rating Reiterated by Evercore ISI

Digital Realty Trust (NYSE:DLR)‘s stock had its “outperform” rating restated by stock analysts at Evercore ISI in a report released on Wednesday, Benzinga reports. They currently have a $154.00 target price on the real estate investment trust’s stock. Evercore ISI’s target price points to a potential upside of 6.94% from the stock’s previous close.

A number of other research firms have also issued reports on DLR. Truist Financial raised their price target on shares of Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Morgan Stanley raised their price target on shares of Digital Realty Trust from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Friday, December 8th. Scotiabank lowered shares of Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price target for the company. in a research report on Friday, February 16th. StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Finally, Raymond James raised their price objective on shares of Digital Realty Trust from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $141.47.

Digital Realty Trust Stock Performance

DLR stock opened at $144.00 on Wednesday. The firm has a market cap of $44.97 billion, a price-to-earnings ratio of 48.49, a PEG ratio of 3.16 and a beta of 0.54. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a 50-day simple moving average of $142.65 and a two-hundred day simple moving average of $134.07. Digital Realty Trust has a one year low of $86.33 and a one year high of $154.18.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total transaction of $494,700.00. Following the completion of the sale, the director now owns 8,413 shares in the company, valued at $1,224,091.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.39% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new stake in Digital Realty Trust in the fourth quarter valued at $2,141,890,000. BlackRock Inc. grew its holdings in Digital Realty Trust by 11.8% in the second quarter. BlackRock Inc. now owns 30,815,132 shares of the real estate investment trust’s stock valued at $3,508,919,000 after purchasing an additional 3,245,264 shares during the last quarter. UniSuper Management Pty Ltd acquired a new stake in Digital Realty Trust in the second quarter valued at $207,590,000. Resolution Capital Ltd grew its holdings in Digital Realty Trust by 106.7% in the third quarter. Resolution Capital Ltd now owns 2,351,113 shares of the real estate investment trust’s stock valued at $284,532,000 after purchasing an additional 1,213,526 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Digital Realty Trust by 2.1% during the third quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust’s stock valued at $5,735,240,000 after acquiring an additional 971,032 shares during the last quarter. Institutional investors and hedge funds 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.