Digital Realty Trust (NYSE:DLR) PT Raised to $180.00 at JPMorgan Chase & Co.

Digital Realty Trust (NYSE:DLR) had its price target hoisted by investment analysts at JPMorgan Chase & Co. from $175.00 to $180.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 12.78% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Barclays lifted their price target on shares of Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 24th. Argus lowered Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Stifel Nicolaus increased their price target on Digital Realty Trust from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Wells Fargo & Company boosted their price objective on Digital Realty Trust from $155.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Finally, Truist Financial upped their price objective on Digital Realty Trust from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Digital Realty Trust has a consensus rating of “Hold” and a consensus target price of $154.28.

Digital Realty Trust Trading Down 0.4 %

Shares of NYSE DLR opened at $159.60 on Tuesday. The stock has a market capitalization of $49.86 billion, a P/E ratio of 44.33, a PEG ratio of 5.14 and a beta of 0.60. Digital Realty Trust has a 1-year low of $113.94 and a 1-year high of $165.17. The business’s 50 day moving average is $152.95 and its two-hundred day moving average is $148.16. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.78 and a quick ratio of 1.78.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($1.43). The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.68 EPS. As a group, research analysts expect that Digital Realty Trust will post 6.65 EPS for the current year.

Insider Activity

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $150.26, for a total transaction of $90,156.00. Following the sale, the director now owns 9,055 shares of the company’s stock, valued at $1,360,604.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.17% of the company’s stock.

Institutional Trading of Digital Realty Trust

Several hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of Digital Realty Trust in the 2nd quarter worth $25,000. American Capital Advisory LLC purchased a new stake in shares of Digital Realty Trust during the second quarter worth about $27,000. Private Ocean LLC acquired a new position in shares of Digital Realty Trust during the second quarter valued at about $27,000. Gradient Investments LLC raised its position in shares of Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 76 shares during the last quarter. Finally, Rise Advisors LLC boosted its stake in 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 purchasing an additional 180 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

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.