Digital Realty Trust (NYSE:DLR) Raised to “Strong-Buy” at Truist Financial

Digital Realty Trust (NYSE:DLR) was upgraded by investment analysts at Truist Financial to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

DLR has been the subject of several other research reports. Stifel Nicolaus decreased their price objective on Digital Realty Trust from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Moffett Nathanson lifted their price target on shares of Digital Realty Trust from $166.00 to $172.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Raymond James Financial reiterated a “strong-buy” rating and set a $210.00 price target on shares of Digital Realty Trust in a report on Thursday, March 12th. Weiss Ratings upgraded shares of Digital Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Finally, Jefferies Financial Group boosted their target price on shares of Digital Realty Trust from $184.00 to $189.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Digital Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $194.88.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $180.45 on Monday. Digital Realty Trust has a 52 week low of $129.95 and a 52 week high of $184.79. The company has a fifty day simple moving average of $174.65 and a two-hundred day simple moving average of $167.83. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.81. The company has a market cap of $62.00 billion, a price-to-earnings ratio of 50.12, a price-to-earnings-growth ratio of 3.99 and a beta of 1.12.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, February 5th. The real estate investment trust reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.03. Digital Realty Trust had a return on equity of 5.88% and a net margin of 21.41%.The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the business posted $1.73 earnings per share. Digital Realty Trust’s revenue was up 13.8% compared to the same quarter last year. Digital Realty Trust has set its FY 2026 guidance at 7.900-8.000 EPS. As a group, equities analysts anticipate that Digital Realty Trust will post 7.07 earnings per share for the current fiscal year.

Institutional Trading of Digital Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in DLR. Purpose Unlimited Inc. acquired a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $507,000. Hsbc Holdings PLC raised its position in shares of Digital Realty Trust by 14.4% in the fourth quarter. Hsbc Holdings PLC now owns 1,354,201 shares of the real estate investment trust’s stock valued at $209,625,000 after buying an additional 170,466 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Digital Realty Trust by 30.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 621,180 shares of the real estate investment trust’s stock worth $96,159,000 after purchasing an additional 144,092 shares during the period. Corient Private Wealth LLC boosted its stake in Digital Realty Trust by 2.6% in the 4th quarter. Corient Private Wealth LLC now owns 58,919 shares of the real estate investment trust’s stock worth $9,132,000 after buying an additional 1,474 shares during the last quarter. Finally, SHP Wealth Management acquired a new position in Digital Realty Trust during the fourth quarter worth approximately $57,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.