Digital Realty Trust (NYSE:DLR) Now Covered by The Goldman Sachs Group

Analysts at The Goldman Sachs Group began coverage on shares of Digital Realty Trust (NYSE:DLR) in a research report issued on Monday, Marketbeat.com reports. The firm set a “buy” rating and a $175.00 price target on the real estate investment trust’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 14.43% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Evercore ISI reiterated an “outperform” rating and set a $154.00 price target on shares of Digital Realty Trust in a research note on Wednesday, March 27th. BMO Capital Markets upgraded shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $144.00 to $170.00 in a research note on Wednesday, June 26th. Truist Financial raised their target price on shares of Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Morgan Stanley increased their price target on shares of Digital Realty Trust from $100.00 to $108.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. Finally, TD Cowen increased their price target on shares of Digital Realty Trust from $116.00 to $122.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $149.42.

Digital Realty Trust Trading Up 0.5 %

Shares of Digital Realty Trust stock opened at $152.93 on Monday. The company has a fifty day simple moving average of $144.99 and a 200-day simple moving average of $141.85. Digital Realty Trust has a 12-month low of $112.38 and a 12-month high of $154.18. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.91. The stock has a market cap of $47.78 billion, a price-to-earnings ratio of 42.46, a PEG ratio of 19.91 and a beta of 0.59.

Hedge Funds Weigh In On Digital Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rise Advisors LLC lifted its holdings in Digital Realty Trust by 1,125.0% in the first quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 180 shares during the period. GoalVest Advisory LLC bought a new stake in Digital Realty Trust during the first quarter worth approximately $29,000. Baldwin Brothers LLC MA boosted its position in Digital Realty Trust by 528.6% during the fourth quarter. Baldwin Brothers LLC MA now owns 220 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 185 shares during the period. Bfsg LLC bought a new stake in shares of Digital Realty Trust in the fourth quarter valued at approximately $31,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Digital Realty Trust in the first quarter valued at approximately $34,000. 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.