Barclays Issues Positive Forecast for Digital Realty Trust (NYSE:DLR) Stock Price

Digital Realty Trust (NYSE:DLR) had its price objective hoisted by equities researchers at Barclays from $135.00 to $142.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “underweight” rating on the real estate investment trust’s stock. Barclays‘s price target indicates a potential downside of 20.97% from the stock’s current price.

DLR has been the topic of a number of other research reports. Scotiabank upped their target price on Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Truist Financial increased their price objective on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Evercore ISI increased their price objective on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Hsbc Global Res raised Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research note on Friday, October 4th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $169.84.

Digital Realty Trust Trading Up 0.8 %

DLR opened at $179.67 on Monday. The stock has a market cap of $59.60 billion, a price-to-earnings ratio of 150.98, a P/E/G ratio of 4.77 and a beta of 0.59. The stock’s 50 day moving average price is $166.56 and its 200-day moving average price is $155.01. Digital Realty Trust has a one year low of $130.00 and a one year high of $193.88. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.62 EPS. On average, equities analysts forecast that Digital Realty Trust will post 6.71 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DLR. O Shaughnessy Asset Management LLC raised its stake in Digital Realty Trust by 10.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 17,778 shares of the real estate investment trust’s stock worth $2,561,000 after acquiring an additional 1,622 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Digital Realty Trust by 102.1% during the first quarter. Bessemer Group Inc. now owns 19,528 shares of the real estate investment trust’s stock worth $2,813,000 after purchasing an additional 9,865 shares during the period. Lake Street Advisors Group LLC lifted its holdings in shares of Digital Realty Trust by 148.8% during the first quarter. Lake Street Advisors Group LLC now owns 3,934 shares of the real estate investment trust’s stock worth $567,000 after purchasing an additional 2,353 shares during the period. Twin Capital Management Inc. acquired a new stake in shares of Digital Realty Trust during the first quarter worth about $1,985,000. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of Digital Realty Trust by 4.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 662,539 shares of the real estate investment trust’s stock worth $95,414,000 after purchasing an additional 25,316 shares during the period. 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.