Digital Realty Trust (NYSE:DLR) Earns “Market Outperform” Rating from JMP Securities

Digital Realty Trust (NYSE:DLR)‘s stock had its “market outperform” rating reaffirmed by research analysts at JMP Securities in a note issued to investors on Monday,Benzinga reports. They presently have a $220.00 price target on the real estate investment trust’s stock. JMP Securities’ price objective indicates a potential upside of 33.03% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada increased their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Truist Financial raised their price target on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Evercore ISI raised their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Barclays upped their price target on shares of Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research report on Monday, November 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $179.70.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $165.38 on Monday. Digital Realty Trust has a 12 month low of $131.42 and a 12 month high of $198.00. The company’s fifty day simple moving average is $177.62 and its 200-day simple moving average is $168.59. The firm has a market cap of $54.86 billion, a PE ratio of 138.97, a P/E/G ratio of 4.27 and a beta of 0.63. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81.

Insider Buying and Selling at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Digital Realty Trust by 501.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock worth $700,224,000 after acquiring an additional 3,607,802 shares during the period. Pathway Financial Advisers LLC raised its stake in Digital Realty Trust by 15,301.1% in the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock valued at $299,433,000 after purchasing an additional 1,838,278 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Digital Realty Trust during the third quarter worth about $132,980,000. Raymond James Financial Inc. acquired a new stake in Digital Realty Trust during the fourth quarter worth about $125,336,000. Finally, Sycomore Asset Management bought a new position in Digital Realty Trust in the 3rd quarter valued at about $80,915,000. 99.71% of the stock is owned by institutional investors.

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.