Digital Realty Trust (NYSE:DLR) Price Target Raised to $208.00 at Scotiabank

Digital Realty Trust (NYSE:DLR) had its target price raised by research analysts at Scotiabank from $178.00 to $208.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s target price would indicate a potential upside of 13.21% from the company’s previous close.

A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Wells Fargo & Company lifted their price target on Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Truist Financial lifted their target price on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Evercore ISI raised their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $178.89.

Digital Realty Trust Stock Performance

Shares of DLR stock traded up $1.29 during trading on Thursday, hitting $183.73. The company’s stock had a trading volume of 405,563 shares, compared to its average volume of 1,805,755. The business has a fifty day moving average of $183.25 and a 200-day moving average of $167.42. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust has a 52 week low of $131.42 and a 52 week high of $198.00. The company has a market cap of $60.95 billion, a PE ratio of 154.44, a P/E/G ratio of 4.61 and a beta of 0.64.

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

Insider Buying and Selling at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Ibex Wealth Advisors purchased a new stake in Digital Realty Trust in the fourth quarter worth approximately $6,729,000. Swedbank AB boosted its holdings in shares of Digital Realty Trust by 15.3% in the fourth quarter. Swedbank AB now owns 308,056 shares of the real estate investment trust’s stock worth $54,628,000 after buying an additional 40,815 shares during the last quarter. Foster Victor Wealth Advisors LLC increased its holdings in Digital Realty Trust by 1.4% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 38,810 shares of the real estate investment trust’s stock valued at $6,925,000 after buying an additional 547 shares during the last quarter. BSW Wealth Partners raised its holdings in Digital Realty Trust by 8.7% in the 4th quarter. BSW Wealth Partners now owns 1,393 shares of the real estate investment trust’s stock worth $247,000 after purchasing an additional 112 shares during the period. Finally, Perigon Wealth Management LLC bought a new position in shares of Digital Realty Trust in the fourth quarter worth about $214,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

About Digital Realty Trust

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.