Digital Realty Trust (NYSE:DLR) Price Target Lowered to $185.00 at Wells Fargo & Company

Digital Realty Trust (NYSE:DLR) had its price target reduced by analysts at Wells Fargo & Company from $210.00 to $185.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 15.10% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. upped their target price on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. JMP Securities started coverage on shares of Digital Realty Trust in a report on Monday, January 27th. They issued an “outperform” rating and a $220.00 price target for the company. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Evercore ISI raised their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Truist Financial lifted their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $179.70.

Digital Realty Trust Stock Performance

Shares of NYSE DLR traded down $0.70 during midday trading on Tuesday, reaching $160.73. 107,279 shares of the company traded hands, compared to its average volume of 2,298,633. 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 $53.32 billion, a price-to-earnings ratio of 135.32, a PEG ratio of 4.16 and a beta of 0.63. The stock has a 50-day moving average price of $181.03 and a 200 day moving average price of $168.06. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61.

Insider Activity 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 value of $471,873.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Sierra Ocean LLC bought a new stake in shares of Digital Realty Trust in the 4th quarter worth approximately $29,000. Adirondack Trust Co. lifted its position in Digital Realty Trust by 68.6% in the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 81 shares during the period. FNY Investment Advisers LLC acquired a new stake in Digital Realty Trust during the fourth quarter worth $35,000. Versant Capital Management Inc increased 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 buying an additional 173 shares during the period. Finally, Centricity Wealth Management LLC acquired a new position in shares of Digital Realty Trust in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

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.