Digital Realty Trust (NYSE:DLR) Price Target Raised to $178.00 at Scotiabank

Digital Realty Trust (NYSE:DLR) had its price target lifted by stock analysts at Scotiabank from $157.00 to $178.00 in a report released on Friday, Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s target price would indicate a potential downside of 3.91% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Argus lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Wells Fargo & Company lifted their price objective on shares of Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday. Stifel Nicolaus restated a “buy” rating and set a $195.00 target price (up from $185.00) on shares of Digital Realty Trust in a research report on Friday. JPMorgan Chase & Co. lifted their price target on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and upped their price objective for the company from $124.00 to $160.00 in a research report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $161.44.

Digital Realty Trust Price Performance

NYSE DLR traded up $20.11 on Friday, reaching $185.24. The company had a trading volume of 2,637,225 shares, compared to its average volume of 1,814,574. The firm’s 50 day moving average price is $156.77 and its 200 day moving average price is $150.27. Digital Realty Trust has a 12 month low of $116.73 and a 12 month high of $193.88. The stock has a market capitalization of $57.87 billion, a PE ratio of 51.46, a price-to-earnings-growth ratio of 5.08 and a beta of 0.60. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last posted its earnings results 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). Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the firm posted $1.68 earnings per share. Digital Realty Trust’s quarterly revenue was down .7% on a year-over-year basis. As a group, equities analysts predict that Digital Realty Trust will post 6.65 earnings per share for the current year.

Insider Buying and Selling

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 600 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $150.26, for a total value of $90,156.00. Following the completion of the sale, the director now directly owns 9,055 shares in the company, valued at approximately $1,360,604.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is owned by insiders.

Institutional Investors Weigh In On Digital Realty Trust

Several hedge funds have recently modified their holdings of DLR. Meeder Asset Management Inc. bought a new position in Digital Realty Trust in the second quarter worth approximately $25,000. Gradient Investments LLC raised its position in shares of 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 worth $27,000 after acquiring an additional 76 shares in the last quarter. American Capital Advisory LLC purchased a new stake in shares of Digital Realty Trust during the 2nd quarter worth $27,000. Private Ocean LLC bought a new stake in Digital Realty Trust during the second quarter valued at about $27,000. Finally, Asset Dedication LLC purchased a new position in Digital Realty Trust in the second quarter valued at about $31,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Company Profile

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.