Wells Fargo & Company Upgrades Digital Realty Trust (NYSE:DLR) to “Overweight”

Digital Realty Trust (NYSE:DLR) was upgraded by equities research analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The firm currently has a $155.00 target price on the real estate investment trust’s stock, up from their prior target price of $135.00. Wells Fargo & Company‘s price objective indicates a potential upside of 9.62% from the stock’s current price.

Several other equities analysts have also commented on the stock. Stifel Nicolaus upped their price target on shares of Digital Realty Trust from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Evercore ISI reissued an “outperform” rating and issued a $154.00 price objective on shares of Digital Realty Trust in a research report on Wednesday, March 27th. Royal Bank of Canada reissued an “outperform” rating and issued a $144.00 price objective on shares of Digital Realty Trust in a research report on Friday, February 16th. JPMorgan Chase & Co. increased their price objective on shares of Digital Realty Trust from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. Finally, Morgan Stanley increased their price objective on shares of Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $143.33.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $141.40 on Tuesday. Digital Realty Trust has a one year low of $86.33 and a one year high of $154.18. 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 company has a 50 day moving average price of $143.01 and a 200 day moving average price of $135.09. The firm has a market capitalization of $44.16 billion, a price-to-earnings ratio of 47.61, a price-to-earnings-growth ratio of 3.26 and a beta of 0.54.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total transaction of $494,700.00. Following the transaction, the director now directly owns 8,413 shares in the company, valued at approximately $1,224,091.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.39% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Rise Advisors LLC lifted its position in shares of Digital Realty Trust by 1,125.0% in the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 180 shares during the last quarter. Baldwin Brothers LLC MA lifted its position in shares of Digital Realty Trust by 528.6% in the 4th quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 185 shares during the last quarter. Operose Advisors LLC bought a new position in shares of Digital Realty Trust in the 3rd quarter worth about $27,000. Bfsg LLC bought a new position in shares of Digital Realty Trust in the 4th quarter worth about $31,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of Digital Realty Trust in the 4th quarter worth about $32,000. 99.71% of the stock is currently owned by institutional investors.

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.