Digital Realty Trust (NYSE:DLR) Price Target Lowered to $120.00 at TD Cowen

Digital Realty Trust (NYSE:DLR) had its price objective lowered by investment analysts at TD Cowen from $122.00 to $120.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. TD Cowen’s price target would suggest a potential downside of 17.77% from the company’s previous close.

A number of other brokerages also recently issued reports on DLR. UBS Group raised their price objective on Digital Realty Trust from $143.00 to $147.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Wells Fargo & Company boosted their price target on shares of Digital Realty Trust from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday. JPMorgan Chase & Co. raised shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $150.00 to $175.00 in a research report on Friday, June 28th. BMO Capital Markets raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $144.00 to $170.00 in a research report on Wednesday, June 26th. Finally, Morgan Stanley upped their price target on Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $152.20.

Digital Realty Trust Trading Down 1.0 %

Shares of DLR traded down $1.44 during mid-day trading on Friday, reaching $145.93. The stock had a trading volume of 2,139,189 shares, compared to its average volume of 1,907,738. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market cap of $45.59 billion, a price-to-earnings ratio of 40.14, a P/E/G ratio of 10.99 and a beta of 0.59. The business’s fifty day moving average is $149.53 and its 200 day moving average is $144.32. Digital Realty Trust has a 52-week low of $113.94 and a 52-week high of $162.58.

Institutional Trading of Digital Realty Trust

A number of large investors have recently made changes to their positions in DLR. Norges Bank acquired a new position in Digital Realty Trust in the fourth quarter valued at $2,141,890,000. Vanguard Group Inc. raised its stake in Digital Realty Trust by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 48,503,593 shares of the real estate investment trust’s stock valued at $6,986,458,000 after acquiring an additional 951,567 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Digital Realty Trust in the 4th quarter valued at approximately $107,372,000. Kodai Capital Management LP acquired a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $59,087,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Digital Realty Trust by 13.6% in the fourth quarter. Russell Investments Group Ltd. now owns 2,118,834 shares of the real estate investment trust’s stock valued at $285,513,000 after purchasing an additional 253,755 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

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.