Digital Realty Trust (NYSE:DLR) Coverage Initiated at The Goldman Sachs Group

Stock analysts at The Goldman Sachs Group started coverage on shares of Digital Realty Trust (NYSE:DLR) in a research report issued on Monday, MarketBeat reports. The brokerage set a “buy” rating and a $175.00 price target on the real estate investment trust’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 15.09% from the stock’s previous close.

Several other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Digital Realty Trust from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $150.00 to $175.00 in a report on Friday. Evercore ISI reiterated an “outperform” rating and set a $154.00 target price on shares of Digital Realty Trust in a research report on Wednesday, March 27th. Royal Bank of Canada raised their price objective on Digital Realty Trust from $144.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. Morgan Stanley raised their target price on Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Finally, Wells Fargo & Company raised Digital Realty Trust from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $135.00 to $155.00 in a research report on Tuesday, April 9th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $149.42.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $152.05 on Monday. Digital Realty Trust has a twelve month low of $108.68 and a twelve month high of $154.18. The company’s 50 day moving average is $144.67 and its 200 day moving average is $141.72. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.91. The company has a market cap of $47.50 billion, a PE ratio of 42.24, a price-to-earnings-growth ratio of 19.91 and a beta of 0.59.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DLR. Public Employees Retirement System of Ohio raised its stake in Digital Realty Trust by 1.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 587,561 shares of the real estate investment trust’s stock valued at $79,074,000 after acquiring an additional 9,158 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Digital Realty Trust by 17.7% in the 4th quarter. Clearbridge Investments LLC now owns 235,669 shares of the real estate investment trust’s stock worth $31,716,000 after buying an additional 35,456 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Digital Realty Trust by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,236,434 shares of the real estate investment trust’s stock worth $435,559,000 after purchasing an additional 85,262 shares during the period. Lyell Wealth Management LP raised its position in shares of Digital Realty Trust by 12.0% during the fourth quarter. Lyell Wealth Management LP now owns 48,347 shares of the real estate investment trust’s stock worth $6,507,000 after purchasing an additional 5,197 shares during the period. Finally, Treasurer of the State of North Carolina raised its position in shares of Digital Realty Trust by 2.1% during the fourth quarter. Treasurer of the State of North Carolina now owns 137,892 shares of the real estate investment trust’s stock worth $18,558,000 after purchasing an additional 2,840 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Company Profile

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.