Digital Realty Trust (NYSE:DLR) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Digital Realty Trust, Inc. (NYSE:DLR) crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $180.00 and traded as high as $181.94. Digital Realty Trust shares last traded at $180.0350, with a volume of 2,418,118 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Canadian Imperial Bank of Commerce started coverage on shares of Digital Realty Trust in a report on Tuesday, October 20th. They issued an “outperform” rating and a $213.00 price objective for the company. Mizuho set a $223.00 target price on Digital Realty Trust in a report on Monday, August 10th. Wall Street Zen raised Digital Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Argus upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and set a $212.00 target price for the company in a research note on Wednesday, August 5th. Finally, Wells Fargo & Company lifted their price target on Digital Realty Trust from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $221.53.

Digital Realty Trust Price Performance

The company has a debt-to-equity ratio of 0.70, a current ratio of 0.72 and a quick ratio of 1.06. The firm’s 50 day moving average is $180.00 and its 200 day moving average is $183.44. The firm has a market cap of $68.11 billion, a P/E ratio of 75.33, a price-to-earnings-growth ratio of 3.61 and a beta of 0.97.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.04). Digital Realty Trust had a return on equity of 3.68% and a net margin of 13.06%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter last year, the company posted $1.89 EPS. Digital Realty Trust’s revenue for the quarter was up 20.6% compared to the same quarter last year. As a group, analysts anticipate that Digital Realty Trust, Inc. will post 8.42 earnings per share for the current year.

Insider Activity at Digital Realty Trust

In related news, Director Mark Patterson sold 200 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $193.96, for a total value of $38,792.00. Following the sale, the director owned 6,322 shares in the company, valued at $1,226,215.12. This represents a 3.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.15% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Digital Realty Trust

Hedge funds have recently added to or reduced their stakes in the stock. Western Wealth Management LLC grew its stake in shares of Digital Realty Trust by 1.8% in the third quarter. Western Wealth Management LLC now owns 4,608 shares of the real estate investment trust’s stock worth $809,000 after acquiring an additional 83 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of Digital Realty Trust by 512.2% during the third quarter. Intech Investment Management LLC now owns 155,050 shares of the real estate investment trust’s stock valued at $27,216,000 after acquiring an additional 129,724 shares in the last quarter. West Family Investments Inc. purchased a new position in shares of Digital Realty Trust in the 3rd quarter worth about $274,000. Safe Harbor Family Capital LLC raised its position in shares of Digital Realty Trust by 89.5% in the 3rd quarter. Safe Harbor Family Capital LLC now owns 5,418 shares of the real estate investment trust’s stock worth $951,000 after purchasing an additional 2,559 shares during the last quarter. Finally, IFG Advisory LLC boosted its stake in Digital Realty Trust by 21.2% in the 3rd quarter. IFG Advisory LLC now owns 4,220 shares of the real estate investment trust’s stock worth $741,000 after purchasing an additional 739 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers. Its facilities support customers’ IT infrastructure, including the equipment and systems used to store, process and exchange digital information.

The company provides data center space and related services, including colocation, interconnection and access to cloud and network providers. Its PlatformDIGITAL offering connects businesses with customers, partners and service providers across its data center portfolio.