Digital Realty Trust (NYSE:DLR) Cut to “Sell” at StockNews.com

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

DLR has been the topic of several other research reports. Truist Financial lifted their target price on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Jefferies Financial Group lifted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. JPMorgan Chase & Co. lifted their target price on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Raymond James lifted their target price on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $179.95.

Digital Realty Trust Trading Down 3.9 %

Shares of Digital Realty Trust stock opened at $165.26 on Friday. 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 quick ratio of 1.61 and a current ratio of 2.07. The company has a market capitalization of $54.82 billion, a P/E ratio of 102.01, a PEG ratio of 4.38 and a beta of 0.63. The company’s fifty day moving average is $173.51 and its two-hundred day moving average is $169.58.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping 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%. Analysts forecast that Digital Realty Trust will post 7.07 earnings per share for the current year.

Insiders Place Their Bets

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction dated Thursday, December 12th. The shares were 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 Securities & Exchange Commission, which is available at this hyperlink. 0.17% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Digital Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sierra Ocean LLC purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at approximately $29,000. FNY Investment Advisers LLC purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at approximately $35,000. Fairway Wealth LLC purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at approximately $35,000. Versant Capital Management Inc lifted its stake in shares of Digital Realty Trust by 480.6% during the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 173 shares during the period. Finally, Centricity Wealth Management LLC purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds 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.