Digital Realty Trust (NYSE:DLR) Stock Rating Upgraded by Scotiabank

Digital Realty Trust (NYSE:DLR) was upgraded by stock analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a report released on Tuesday, Marketbeat Ratings reports. The brokerage presently has a $208.00 price objective on the real estate investment trust’s stock. Scotiabank’s price objective points to a potential upside of 22.60% from the company’s current price.

DLR has been the subject of a number of other reports. JMP Securities reiterated a “market outperform” rating and issued a $220.00 target price on shares of Digital Realty Trust in a research note on Monday, February 10th. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. StockNews.com upgraded shares of Digital Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, February 14th. Evercore ISI raised their target price on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and upped their price target for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $179.95.

Digital Realty Trust Trading Up 2.4 %

Digital Realty Trust stock opened at $169.65 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. 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 $174.21 and its 200-day simple moving average is $169.27. The stock has a market cap of $56.28 billion, a P/E ratio of 104.72, a P/E/G ratio of 4.19 and a beta of 0.63.

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

Insiders Place Their Bets

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

Institutional Trading of Digital Realty Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Toronto Dominion Bank lifted its position in Digital Realty Trust by 9.7% in the fourth quarter. Toronto Dominion Bank now owns 170,233 shares of the real estate investment trust’s stock worth $30,187,000 after purchasing an additional 15,079 shares during the period. Auxier Asset Management acquired a new position in shares of Digital Realty Trust in the 4th quarter valued at $214,000. GF Fund Management CO. LTD. bought a new position in shares of Digital Realty Trust during the 4th quarter worth about $1,055,000. Vise Technologies Inc. boosted its position in shares of Digital Realty Trust by 122.2% during the 4th quarter. Vise Technologies Inc. now owns 4,353 shares of the real estate investment trust’s stock valued at $772,000 after acquiring an additional 2,394 shares in the last quarter. Finally, Pacific Center for Financial Services increased its stake in Digital Realty Trust by 30.6% in the fourth quarter. Pacific Center for Financial Services now owns 593 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 139 shares during the period. 99.71% of the stock is currently owned by 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.