Digital Realty Trust (NYSE:DLR) Raised to “Sector Outperform” at Scotiabank

Digital Realty Trust (NYSE:DLR) was upgraded by Scotiabank from a “sector perform” rating to a “sector outperform” rating in a research note issued on Tuesday, MarketBeat.com reports. The firm presently has a $208.00 price target on the real estate investment trust’s stock. Scotiabank’s price target would suggest a potential upside of 25.11% from the stock’s current price.

Several other brokerages have also issued reports on DLR. Evercore ISI boosted their price target on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. upped their target price on Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday. Barclays boosted their price target on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a report on Monday, November 18th. Wells Fargo & Company reduced 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 report on Tuesday, February 4th. Finally, Truist Financial increased their price target on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $179.95.

Digital Realty Trust Trading Up 1.2 %

Shares of DLR traded up $1.98 during midday trading on Tuesday, hitting $166.26. The stock had a trading volume of 477,062 shares, compared to its average volume of 2,292,635. Digital Realty Trust has a fifty-two week low of $131.42 and a fifty-two week high of $198.00. The business has a 50-day simple moving average of $174.97 and a two-hundred day simple moving average of $169.16. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The firm has a market cap of $55.15 billion, a P/E ratio of 139.59, a price-to-earnings-growth ratio of 4.27 and a beta of 0.63.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. As a group, equities analysts forecast that Digital Realty Trust will post 6.71 EPS for the current year.

Insider Activity

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the firm’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 legal filing with the SEC, which is available at the SEC website. 0.17% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DLR. Clear Creek Financial Management LLC increased its holdings in shares of Digital Realty Trust by 1.6% in the third quarter. Clear Creek Financial Management LLC now owns 3,836 shares of the real estate investment trust’s stock worth $621,000 after acquiring an additional 59 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in Digital Realty Trust by 3.2% in the third quarter. OneDigital Investment Advisors LLC now owns 1,886 shares of the real estate investment trust’s stock valued at $305,000 after buying an additional 59 shares in the last quarter. Trueblood Wealth Management LLC boosted its holdings in shares of Digital Realty Trust by 3.1% in the third quarter. Trueblood Wealth Management LLC now owns 2,061 shares of the real estate investment trust’s stock valued at $334,000 after buying an additional 61 shares during the period. Stolper Co increased its position in shares of Digital Realty Trust by 0.5% during the fourth quarter. Stolper Co now owns 12,648 shares of the real estate investment trust’s stock worth $2,243,000 after acquiring an additional 64 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its holdings in shares of Digital Realty Trust by 1.5% during the fourth quarter. Bleakley Financial Group LLC now owns 4,336 shares of the real estate investment trust’s stock worth $769,000 after acquiring an additional 64 shares during the period. Institutional investors own 99.71% of the company’s stock.

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.