Digital Realty Trust (NYSE:DLR) Given New $177.00 Price Target at Mizuho

Digital Realty Trust (NYSE:DLR) had its price objective reduced by research analysts at Mizuho from $211.00 to $177.00 in a report released on Friday,Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s target price would indicate a potential upside of 24.56% from the stock’s current price.

Several other research firms have also weighed in on DLR. Barclays reduced their price objective on shares of Digital Realty Trust from $142.00 to $139.00 and set an “underweight” rating for the company in a research report on Thursday, March 20th. StockNews.com lowered shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 22nd. Scotiabank raised Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target on the stock in a report on Tuesday, February 18th. Truist Financial reduced their price objective on Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Finally, UBS Group raised Digital Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $147.00 to $205.00 in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $180.32.

Digital Realty Trust Price Performance

NYSE DLR opened at $142.10 on Friday. Digital Realty Trust has a 12 month low of $135.54 and a 12 month high of $198.00. The firm has a market capitalization of $47.84 billion, a PE ratio of 87.71, a P/E/G ratio of 4.38 and a beta of 0.65. The company’s 50 day simple moving average is $160.10 and its 200 day simple moving average is $169.84. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping 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, equities research analysts forecast that Digital Realty Trust will post 7.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DLR. Sierra Ocean LLC acquired a new stake in shares of Digital Realty Trust during the 4th quarter valued at about $29,000. FNY Investment Advisers LLC bought a new position in Digital Realty Trust during the fourth quarter valued at approximately $35,000. Fairway Wealth LLC bought a new position in Digital Realty Trust during the fourth quarter valued at approximately $35,000. Versant Capital Management Inc lifted its stake 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 valued at $37,000 after acquiring an additional 173 shares during the last quarter. Finally, Centricity Wealth Management LLC acquired a new position in shares of Digital Realty Trust during the 4th quarter worth $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.