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

Digital Realty Trust (NYSE:DLR)‘s stock had its “market outperform” rating restated by analysts at JMP Securities in a research note issued on Tuesday,Benzinga reports. They presently have a $220.00 target price on the real estate investment trust’s stock. JMP Securities’ price target would indicate a potential upside of 29.68% from the company’s previous close.

DLR has been the topic of a number of other reports. Barclays lifted their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday, November 18th. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. TD Cowen lifted their price objective on shares of Digital Realty Trust from $120.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Evercore ISI lifted their price objective 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, Scotiabank upgraded shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price objective on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $179.95.

Digital Realty Trust Stock Performance

Shares of DLR opened at $169.65 on Tuesday. Digital Realty Trust has a 1 year low of $131.42 and a 1 year high of $198.00. The company has a market cap of $56.28 billion, a price-to-earnings ratio of 104.72, a price-to-earnings-growth ratio of 4.19 and a beta of 0.63. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07. The firm has a fifty day moving average of $174.21 and a 200-day moving average of $169.27.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. As a group, equities analysts anticipate that Digital Realty Trust will post 7.06 earnings per share for the current year.

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 stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The transaction was disclosed in a legal filing with the SEC, 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

Institutional investors and hedge funds have recently bought and sold shares of the business. Sierra Ocean LLC acquired a new position in Digital Realty Trust in the fourth quarter worth approximately $29,000. FNY Investment Advisers LLC acquired a new position in Digital Realty Trust in the fourth quarter worth approximately $35,000. Fairway Wealth LLC acquired a new position in Digital Realty Trust in the fourth quarter worth approximately $35,000. Versant Capital Management Inc increased its holdings in Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 173 shares during the last quarter. Finally, Centricity Wealth Management LLC acquired a new position in Digital Realty Trust in the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

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.