Digital Realty Trust (NYSE:DLR) Lowered to “Sell” Rating by StockNews.com

StockNews.com lowered shares of Digital Realty Trust (NYSE:DLR) from a hold rating to a sell rating in a research note released on Saturday morning.

A number of other research firms have also recently weighed in on DLR. Wells Fargo & Company lowered their price objective on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. Jefferies Financial Group increased their price objective on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Raymond James increased their price objective on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus increased their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $179.95.

Digital Realty Trust Stock Performance

Digital Realty Trust stock opened at $165.26 on Friday. The firm has a 50 day simple moving average of $173.51 and a 200-day simple moving average of $169.58. Digital Realty Trust has a 1-year low of $135.54 and a 1-year high of $198.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The stock has a market cap of $54.82 billion, a price-to-earnings ratio of 102.01, a price-to-earnings-growth ratio of 4.38 and a beta of 0.63.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. On average, analysts expect that Digital Realty Trust will post 7.07 EPS for the current year.

Insider Activity

In other news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Digital Realty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AEGON ASSET MANAGEMENT UK Plc raised its stake in Digital Realty Trust by 17.7% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust’s stock worth $11,768,000 after acquiring an additional 9,959 shares in the last quarter. Capital Investment Advisors LLC raised its stake in Digital Realty Trust by 26.4% during the 4th quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock worth $9,682,000 after acquiring an additional 11,405 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in Digital Realty Trust by 6.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock worth $61,643,000 after acquiring an additional 23,028 shares in the last quarter. Cumberland Partners Ltd raised its stake in Digital Realty Trust by 207.3% during the 3rd quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock worth $7,540,000 after acquiring an additional 31,430 shares in the last quarter. Finally, Leavell Investment Management Inc. raised its stake in Digital Realty Trust by 74.1% during the 4th quarter. Leavell Investment Management Inc. now owns 18,283 shares of the real estate investment trust’s stock worth $3,262,000 after acquiring an additional 7,781 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.