Scotiabank Has Lowered Expectations for Digital Realty Trust (NYSE:DLR) Stock Price

Digital Realty Trust (NYSE:DLR) had its price objective cut by Scotiabank from $208.00 to $206.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price target would indicate a potential upside of 38.21% from the company’s current price.

A number of other brokerages have also recently commented on DLR. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. Mizuho dropped their price target on Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. StockNews.com lowered shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. Finally, JMP Securities reissued a “market outperform” rating and issued a $220.00 price target on shares of Digital Realty Trust in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $183.68.

Digital Realty Trust Stock Down 1.1 %

DLR opened at $149.05 on Tuesday. The company has a quick ratio of 1.61, a current ratio of 2.07 and a debt-to-equity ratio of 0.80. The company has a market cap of $50.19 billion, a PE ratio of 91.99, a P/E/G ratio of 4.38 and a beta of 0.92. The business has a 50 day moving average price of $150.98 and a two-hundred day moving average price of $167.85. Digital Realty Trust has a 52 week low of $129.95 and a 52 week high of $198.00.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. As a group, research analysts anticipate that Digital Realty Trust will post 7.07 EPS for the current year.

Institutional Trading of Digital Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of DLR. Invesco Ltd. boosted its stake in Digital Realty Trust by 18.4% during the 4th quarter. Invesco Ltd. now owns 3,905,883 shares of the real estate investment trust’s stock valued at $692,630,000 after acquiring an additional 607,132 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Digital Realty Trust by 4.1% during the fourth quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust’s stock valued at $2,400,000 after purchasing an additional 527 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc raised its position in shares of Digital Realty Trust by 17.7% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust’s stock worth $11,768,000 after purchasing an additional 9,959 shares during the period. Capital Investment Advisors LLC boosted its position in Digital Realty Trust by 26.4% during the 4th quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock valued at $9,682,000 after purchasing an additional 11,405 shares during the period. Finally, Leavell Investment Management Inc. grew its stake in Digital Realty Trust by 74.1% during the 4th quarter. Leavell Investment Management Inc. now owns 18,283 shares of the real estate investment trust’s stock worth $3,262,000 after buying an additional 7,781 shares during the last quarter. 99.71% of the stock is 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.