Digital Realty Trust (NYSE:DLR) PT Raised to $185.00 at JPMorgan Chase & Co.

Digital Realty Trust (NYSE:DLR) had its target price raised by research analysts at JPMorgan Chase & Co. from $180.00 to $185.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 2.20% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. The Goldman Sachs Group assumed coverage on Digital Realty Trust in a report on Monday, July 1st. They issued a “buy” rating and a $175.00 target price on the stock. Barclays upped their price target on Digital Realty Trust from $130.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. Wells Fargo & Company raised their price objective on Digital Realty Trust from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Argus lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two investment 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $165.21.

Digital Realty Trust Price Performance

Shares of DLR opened at $181.01 on Friday. The business’s fifty day moving average is $157.70 and its 200 day moving average is $150.67. Digital Realty Trust has a 12-month low of $116.73 and a 12-month high of $193.88. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.81. The stock has a market cap of $56.55 billion, a P/E ratio of 50.28, a P/E/G ratio of 5.08 and a beta of 0.60.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($1.43). The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Digital Realty Trust had a return on equity of 5.93% and a net margin of 20.58%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.68 EPS. Sell-side analysts anticipate that Digital Realty Trust will post 6.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jean F. H. P. Mandeville sold 600 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $150.26, for a total value of $90,156.00. Following the sale, the director now directly owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.17% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DLR. Oak Harvest Investment Services purchased a new position in shares of Digital Realty Trust during the third quarter worth about $7,754,000. Hudson Valley Investment Advisors Inc. ADV grew its stake in Digital Realty Trust by 6.4% in the 3rd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 2,484 shares of the real estate investment trust’s stock worth $402,000 after buying an additional 150 shares in the last quarter. First Trust Direct Indexing L.P. increased its holdings in shares of Digital Realty Trust by 5.0% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 12,371 shares of the real estate investment trust’s stock worth $2,002,000 after buying an additional 585 shares during the last quarter. Capstone Triton Financial Group LLC purchased a new stake in shares of Digital Realty Trust during the 3rd quarter valued at $1,244,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of Digital Realty Trust during the 3rd quarter worth $3,552,000. Institutional investors 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.