JMP Securities Begins Coverage on Digital Realty Trust (NYSE:DLR)

Equities research analysts at JMP Securities initiated coverage on shares of Digital Realty Trust (NYSE:DLR) in a research note issued to investors on Monday,Briefing.com Automated Import reports. The firm set an “outperform” rating and a $220.00 price target on the real estate investment trust’s stock. JMP Securities’ target price indicates a potential upside of 21.85% from the company’s previous close.

DLR has been the subject of a number of other reports. UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their price objective for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Scotiabank upped their target price on shares of Digital Realty Trust from $178.00 to $208.00 and gave the stock a “sector perform” rating in a research report on Thursday. Finally, Evercore ISI raised their price target on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $180.95.

Digital Realty Trust Stock Down 1.6 %

Shares of NYSE:DLR opened at $180.56 on Monday. The company has a market capitalization of $59.89 billion, a PE ratio of 151.73, a P/E/G ratio of 4.64 and a beta of 0.64. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The company’s fifty day moving average is $183.37 and its 200-day moving average is $167.90. Digital Realty Trust has a 52 week low of $131.42 and a 52 week high of $198.00.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($1.58). The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. Digital Realty Trust’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 earnings per share. Equities research analysts predict that Digital Realty Trust will post 6.71 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is owned by company insiders.

Institutional Investors Weigh In On Digital Realty Trust

Several institutional investors have recently added to or reduced their stakes in DLR. APG Asset Management N.V. grew its stake in shares of Digital Realty Trust by 226.1% during the 2nd quarter. APG Asset Management N.V. now owns 36,634 shares of the real estate investment trust’s stock worth $5,197,000 after acquiring an additional 25,400 shares in the last quarter. Mackenzie Financial Corp grew its position in Digital Realty Trust by 1.3% in the second quarter. Mackenzie Financial Corp now owns 28,895 shares of the real estate investment trust’s stock valued at $4,393,000 after purchasing an additional 367 shares in the last quarter. Creative Planning increased its stake in Digital Realty Trust by 2.3% in the 2nd quarter. Creative Planning now owns 164,626 shares of the real estate investment trust’s stock valued at $25,031,000 after buying an additional 3,706 shares during the last quarter. NewEdge Advisors LLC lifted its position in Digital Realty Trust by 16.1% during the 2nd quarter. NewEdge Advisors LLC now owns 14,763 shares of the real estate investment trust’s stock worth $2,245,000 after buying an additional 2,047 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Digital Realty Trust by 23.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 15,416 shares of the real estate investment trust’s stock worth $2,344,000 after buying an additional 2,963 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

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.