Scotiabank Boosts Digital Realty Trust (NYSE:DLR) Price Target to $208.00

Digital Realty Trust (NYSE:DLR) had its target price boosted by stock analysts at Scotiabank from $178.00 to $208.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective would suggest a potential upside of 13.21% from the company’s previous close.

Several other research firms also recently issued reports on DLR. Royal Bank of Canada boosted their price target on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. HSBC raised shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and raised their target price for the stock from $124.00 to $160.00 in a report on Friday, October 4th. Evercore ISI increased their price target on Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Raymond James lifted their price objective on Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price objective for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $178.89.

Digital Realty Trust Stock Performance

Shares of DLR stock traded up $1.29 on Thursday, reaching $183.73. The stock had a trading volume of 405,563 shares, compared to its average volume of 1,805,755. Digital Realty Trust has a 12 month low of $131.42 and a 12 month high of $198.00. The firm has a market capitalization of $60.95 billion, a price-to-earnings ratio of 154.44, a P/E/G ratio of 4.61 and a beta of 0.64. The firm’s 50-day moving average is $183.25 and its two-hundred day moving average is $167.42. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.62 EPS. On average, research analysts expect that Digital Realty Trust will post 6.71 EPS for the current fiscal year.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction dated 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 can be accessed through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Digital Realty Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. Adirondack Trust Co. lifted its stake in Digital Realty Trust by 68.6% in the third quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 81 shares during the period. FNY Investment Advisers LLC acquired a new position in Digital Realty Trust during the fourth quarter worth $35,000. Versant Capital Management Inc boosted its stake in Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 173 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Digital Realty Trust in the third quarter valued at approximately $38,000. Finally, First Financial Corp IN purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at approximately $42,000. Institutional investors own 99.71% of the company’s stock.

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.