Mizuho Cuts Digital Realty Trust (NYSE:DLR) Price Target to $177.00

Digital Realty Trust (NYSE:DLR) had its price target cut by Mizuho from $211.00 to $177.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s price objective points to a potential upside of 22.19% from the stock’s previous close.

DLR has been the topic of several other research reports. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. Barclays cut their price objective on Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a research note on Thursday, March 20th. StockNews.com downgraded Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. Wells Fargo & Company dropped their price target on 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. Finally, Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $185.00 to $194.00 in a report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $180.32.

Digital Realty Trust Stock Performance

DLR opened at $144.85 on Friday. The firm has a market capitalization of $48.76 billion, a PE ratio of 89.48, a P/E/G ratio of 4.38 and a beta of 0.65. Digital Realty Trust has a 12-month low of $135.54 and a 12-month high of $198.00. The firm has a 50 day moving average of $160.83 and a two-hundred day moving average of $169.80. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80.

Digital Realty Trust (NYSE:DLR) last posted 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 net margin of 10.85% and a return on equity of 2.97%. On average, analysts anticipate that Digital Realty Trust will post 7.07 EPS for the current year.

Institutional Trading of Digital Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of DLR. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Digital Realty Trust in the 3rd quarter worth approximately $354,000. Kingsview Wealth Management LLC raised its position in Digital Realty Trust by 11.9% in the third quarter. Kingsview Wealth Management LLC now owns 2,549 shares of the real estate investment trust’s stock valued at $413,000 after purchasing an additional 272 shares during the period. Townsquare Capital LLC lifted its stake in Digital Realty Trust by 3.8% during the third quarter. Townsquare Capital LLC now owns 4,757 shares of the real estate investment trust’s stock worth $770,000 after purchasing an additional 175 shares in the last quarter. Freedom Investment Management Inc. grew its stake in shares of Digital Realty Trust by 24.0% in the third quarter. Freedom Investment Management Inc. now owns 5,726 shares of the real estate investment trust’s stock valued at $927,000 after buying an additional 1,107 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its stake in shares of Digital Realty Trust by 3.0% in the third quarter. Glenmede Trust Co. NA now owns 10,711 shares of the real estate investment trust’s stock valued at $1,733,000 after buying an additional 314 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

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.