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

Digital Realty Trust (NYSE:DLR) had its target price boosted by investment analysts at Wells Fargo & Company from $175.00 to $185.00 in a report released on Friday, Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 2.20% from the company’s previous close.

DLR has been the topic of a number of other research reports. The Goldman Sachs Group started coverage on shares of Digital Realty Trust in a research note on Monday, July 1st. They issued a “buy” rating and a $175.00 price target on the stock. Barclays increased their target price on Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, October 10th. Stifel Nicolaus boosted their price target on Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Mizuho initiated coverage on Digital Realty Trust in a research report on Thursday, July 11th. They set an “outperform” rating and a $170.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their target price on shares of Digital Realty Trust from $175.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $165.21.

Digital Realty Trust Stock Performance

Shares of NYSE DLR opened at $181.01 on Friday. 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 company has a market capitalization of $56.55 billion, a P/E ratio of 50.28, a P/E/G ratio of 5.08 and a beta of 0.60. Digital Realty Trust has a 12 month low of $116.73 and a 12 month high of $193.88. The stock has a 50 day moving average of $157.70 and a 200-day moving average of $150.67.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($1.43). The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the firm earned $1.68 earnings per share. As a group, equities research analysts predict 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 firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the sale, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Digital Realty Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in shares of Digital Realty Trust during the second quarter worth about $25,000. American Capital Advisory LLC acquired a new stake in Digital Realty Trust during the 2nd quarter worth approximately $27,000. Private Ocean LLC acquired a new stake in Digital Realty Trust during the 2nd quarter worth approximately $27,000. Gradient Investments LLC increased its position in 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 acquiring an additional 76 shares during the period. Finally, Adirondack Trust Co. raised its stake in shares of 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 valued at $32,000 after acquiring an additional 81 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

About Digital Realty Trust

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.