Wells Fargo & Company Cuts Digital Realty Trust (NYSE:DLR) Price Target to $185.00

Digital Realty Trust (NYSE:DLR) had its price target reduced by Wells Fargo & Company from $210.00 to $185.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

DLR has been the topic of a number of other reports. Scotiabank lifted their target price on Digital Realty Trust from $178.00 to $208.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price objective on Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Jefferies Financial Group boosted their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Barclays boosted their price objective on Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. Finally, TD Cowen boosted their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $179.70.

Digital Realty Trust Trading Up 0.5 %

NYSE DLR opened at $168.07 on Tuesday. The stock has a market capitalization of $55.75 billion, a price-to-earnings ratio of 141.24, a PEG ratio of 4.16 and a beta of 0.63. Digital Realty Trust has a one year low of $131.42 and a one year high of $198.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The business’s fifty day moving average is $179.23 and its 200-day moving average is $168.16.

Insider Transactions at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.17% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Digital Realty Trust by 501.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock worth $700,224,000 after buying an additional 3,607,802 shares in the last quarter. Pathway Financial Advisers LLC boosted its stake in Digital Realty Trust by 15,301.1% in the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock worth $299,433,000 after buying an additional 1,838,278 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Digital Realty Trust in the third quarter worth approximately $132,980,000. Raymond James Financial Inc. purchased a new stake in Digital Realty Trust in the fourth quarter worth approximately $125,336,000. Finally, Sycomore Asset Management purchased a new stake in Digital Realty Trust in the third quarter worth approximately $80,915,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

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.