Digital Realty Trust (NYSE:DLR) Receives Market Outperform Rating from JMP Securities

Digital Realty Trust (NYSE:DLR)‘s stock had its “market outperform” rating reissued by analysts at JMP Securities in a research note issued on Monday,Benzinga reports. They presently have a $220.00 price target on the real estate investment trust’s stock. JMP Securities’ price objective would suggest a potential upside of 37.32% from the stock’s current price.

Several other brokerages have also recently weighed in on DLR. JPMorgan Chase & Co. lifted their price target on shares of Digital Realty Trust from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Jefferies Financial Group restated a “buy” rating and issued a $193.00 price target (up previously from $190.00) on shares of Digital Realty Trust in a research report on Friday. Scotiabank lowered their price objective on Digital Realty Trust from $208.00 to $206.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, April 22nd. Mizuho reduced their target price on shares of Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating for the company in a report on Friday, March 28th. Finally, Truist Financial lowered their price target on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $183.05.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock traded up $0.33 during trading on Monday, hitting $160.21. 302,187 shares of the company’s stock traded hands, compared to its average volume of 2,498,295. Digital Realty Trust has a 1 year low of $129.95 and a 1 year high of $198.00. The business has a 50-day simple moving average of $150.10 and a 200-day simple moving average of $167.72. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The stock has a market capitalization of $53.95 billion, a P/E ratio of 98.90, a PEG ratio of 4.38 and a beta of 0.92.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results 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 2.97% and a net margin of 10.85%. As a group, analysts forecast that Digital Realty Trust will post 7.07 EPS for the current year.

Hedge Funds Weigh In On Digital Realty Trust

Several large investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Digital Realty Trust in the third quarter valued at $657,000. Synovus Financial Corp grew its holdings in Digital Realty Trust by 6.9% during the 3rd quarter. Synovus Financial Corp now owns 6,530 shares of the real estate investment trust’s stock valued at $1,057,000 after purchasing an additional 421 shares during the last quarter. Retirement Systems of Alabama lifted its stake in Digital Realty Trust by 2.6% in the third quarter. Retirement Systems of Alabama now owns 253,906 shares of the real estate investment trust’s stock worth $41,090,000 after purchasing an additional 6,360 shares during the last quarter. FFG Partners LLC bought a new stake in Digital Realty Trust in the third quarter worth about $10,446,000. Finally, B. Riley Wealth Advisors Inc. boosted its position in shares of Digital Realty Trust by 13.7% during the third quarter. B. Riley Wealth Advisors Inc. now owns 3,518 shares of the real estate investment trust’s stock valued at $559,000 after buying an additional 424 shares during the period. Institutional investors 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.