JMP Securities Reaffirms Market Outperform Rating for Digital Realty Trust (NYSE:DLR)

JMP Securities restated their market outperform rating on shares of Digital Realty Trust (NYSE:DLR) in a research report released on Tuesday,Benzinga reports. JMP Securities currently has a $220.00 price target on the real estate investment trust’s stock.

Other equities analysts have also recently issued reports about the stock. Truist Financial boosted their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. upped their target price on Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Evercore ISI raised their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group boosted their target price on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, TD Cowen increased their price target on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $179.95.

Digital Realty Trust Trading Up 1.4 %

Shares of Digital Realty Trust stock opened at $171.94 on Tuesday. The company has a fifty day simple moving average of $173.91 and a 200-day simple moving average of $169.29. Digital Realty Trust has a 12-month low of $131.42 and a 12-month high of $198.00. The company has a current ratio of 2.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.80. The stock has a market cap of $57.03 billion, a price-to-earnings ratio of 106.13, a PEG ratio of 4.23 and a beta of 0.63.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping 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, equities analysts forecast that Digital Realty Trust will post 7.06 EPS for the current fiscal year.

Insider Activity at Digital Realty Trust

In other news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Digital Realty Trust

A number of hedge funds have recently modified their holdings of DLR. Vanguard Group Inc. boosted its position in shares of Digital Realty Trust by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 51,453,186 shares of the real estate investment trust’s stock valued at $9,124,193,000 after purchasing an additional 469,823 shares during the period. Norges Bank purchased a new stake in Digital Realty Trust during the fourth quarter valued at about $3,858,428,000. Geode Capital Management LLC lifted its stake in Digital Realty Trust by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 8,527,649 shares of the real estate investment trust’s stock valued at $1,508,612,000 after buying an additional 281,704 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Digital Realty Trust by 57.5% in the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust’s stock worth $900,934,000 after buying an additional 1,854,748 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in shares of Digital Realty Trust by 2.5% in the third quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock worth $783,812,000 after acquiring an additional 117,461 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Company Profile

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.