Digital Realty Trust (NYSE:DLR) Given “Market Outperform” Rating at JMP Securities

Digital Realty Trust (NYSE:DLR)‘s stock had its “market outperform” rating restated by equities research analysts at JMP Securities in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $220.00 price target on the real estate investment trust’s stock. JMP Securities’ price objective would indicate a potential upside of 32.32% from the company’s previous close.

DLR has been the subject of several other reports. Wells Fargo & Company lowered their target price on Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. JPMorgan Chase & Co. increased their price objective on Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday. Evercore ISI increased their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, TD Cowen increased their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $179.95.

Digital Realty Trust Stock Up 1.2 %

Digital Realty Trust stock traded up $1.98 during midday trading on Tuesday, hitting $166.26. The stock had a trading volume of 477,062 shares, compared to its average volume of 2,292,635. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The stock has a market cap of $55.15 billion, a P/E ratio of 139.59, a P/E/G ratio of 4.27 and a beta of 0.63. Digital Realty Trust has a 12 month low of $131.42 and a 12 month high of $198.00. The business has a fifty day moving average price of $174.97 and a 200 day moving average price of $169.16.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. Research analysts predict that Digital Realty Trust will post 6.71 EPS for the current year.

Insider Transactions at Digital Realty Trust

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

Hedge Funds Weigh In On Digital Realty Trust

Hedge funds have recently bought and sold shares of the business. Norges Bank bought a new stake in Digital Realty Trust during the fourth quarter valued at about $3,858,428,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Digital Realty Trust by 501.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock valued at $700,224,000 after acquiring an additional 3,607,802 shares during the period. Northern Trust Corp boosted its holdings in Digital Realty Trust by 57.5% during the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust’s stock valued at $900,934,000 after acquiring an additional 1,854,748 shares during the period. Pathway Financial Advisers LLC boosted its holdings in Digital Realty Trust by 15,301.1% during the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock valued at $299,433,000 after acquiring an additional 1,838,278 shares during the period. Finally, Deutsche Bank AG boosted its holdings in Digital Realty Trust by 66.6% during the fourth quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust’s stock valued at $546,499,000 after acquiring an additional 1,232,043 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.