UBS Group Upgrades Digital Realty Trust (NYSE:DLR) to “Buy”

Digital Realty Trust (NYSE:DLR) was upgraded by equities researchers at UBS Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, MarketBeat reports. The firm currently has a $205.00 target price on the real estate investment trust’s stock, up from their previous target price of $147.00. UBS Group’s price target points to a potential upside of 13.42% from the stock’s current price.

A number of other research analysts have also issued reports on DLR. TD Cowen boosted their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Evercore ISI boosted their target price on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Barclays increased their target price on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research note on Monday, November 18th. Raymond James lifted their price target on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. Finally, Jefferies Financial Group increased their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $174.74.

Digital Realty Trust Stock Up 0.5 %

DLR opened at $180.74 on Tuesday. The business has a 50 day moving average price of $183.47 and a two-hundred day moving average price of $165.49. Digital Realty Trust has a 52 week low of $131.42 and a 52 week high of $198.00. The company has a market cap of $59.95 billion, a PE ratio of 151.88, a P/E/G ratio of 4.97 and a beta of 0.64. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. Digital Realty Trust’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.62 earnings per share. As a group, research analysts anticipate that Digital Realty Trust will post 6.71 EPS for the current year.

Insider Buying and Selling at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a filing with the SEC, which is available through this link. 0.17% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in shares of Digital Realty Trust during the second quarter worth about $25,000. Adirondack Trust Co. boosted its position in Digital Realty Trust by 68.6% during the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 81 shares during the last quarter. Asset Dedication LLC purchased a new stake in Digital Realty Trust in the 2nd quarter worth approximately $31,000. Versant Capital Management Inc raised its holdings in Digital Realty Trust by 480.6% in the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 173 shares during the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of Digital Realty Trust during the 3rd quarter worth $38,000. 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.