Digital Realty Trust (NYSE:DLR) Price Target Raised to $190.00 at Raymond James

Digital Realty Trust (NYSE:DLR) had its price target upped by stock analysts at Raymond James from $170.00 to $190.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “strong-buy” rating on the real estate investment trust’s stock. Raymond James’ price target would indicate a potential upside of 4.90% from the company’s previous close.

A number of other research firms have also weighed in on DLR. Barclays upped their price objective on Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, October 10th. Stifel Nicolaus restated a “buy” rating and set a $195.00 price target (up previously from $185.00) on shares of Digital Realty Trust in a report on Friday. HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and lifted their price objective for the company from $124.00 to $160.00 in a research note on Friday, October 4th. Scotiabank lifted their price target on shares of Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, The Goldman Sachs Group started coverage on shares of Digital Realty Trust in a report on Monday, July 1st. They set a “buy” rating and a $175.00 price target for the company. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $162.56.

Digital Realty Trust Trading Up 9.7 %

Digital Realty Trust stock traded up $15.99 during midday trading on Friday, hitting $181.12. 4,388,299 shares of the stock were exchanged, compared to its average volume of 1,823,033. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81. The stock’s 50-day simple moving average is $156.77 and its 200 day simple moving average is $150.27. Digital Realty Trust has a fifty-two week low of $116.73 and a fifty-two week high of $193.88. The stock has a market capitalization of $56.59 billion, a price-to-earnings ratio of 50.55, a PEG ratio of 5.08 and a beta of 0.60.

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 analysts’ consensus estimates of $1.63 by ($1.43). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the company posted $1.68 earnings per share. The business’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities analysts anticipate that Digital Realty Trust will post 6.65 EPS for the current year.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the transaction, the director now directly owns 9,055 shares in the company, valued at $1,360,604.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.17% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Digital Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Digital Realty Trust by 2.0% in the first 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 purchasing an additional 951,567 shares during the period. Canada Pension Plan Investment Board increased its stake in Digital Realty Trust by 3.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,826,432 shares of the real estate investment trust’s stock valued at $733,859,000 after purchasing an additional 146,183 shares in the last quarter. Legal & General Group Plc raised its holdings in Digital Realty Trust by 2.8% during the second quarter. Legal & General Group Plc now owns 4,730,168 shares of the real estate investment trust’s stock worth $719,222,000 after purchasing an additional 129,799 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Digital Realty Trust by 16.8% during the second quarter. Daiwa Securities Group Inc. now owns 4,725,971 shares of the real estate investment trust’s stock worth $718,584,000 after purchasing an additional 678,165 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Digital Realty Trust by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,541,327 shares of the real estate investment trust’s stock valued at $690,498,000 after buying an additional 228,585 shares in 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.