Digital Realty Trust (NYSE:DLR) Stock Rating Lowered by StockNews.com

Digital Realty Trust (NYSE:DLR) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other equities analysts also recently issued reports on DLR. Jefferies Financial Group raised their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, October 25th. TD Cowen raised their price target 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. Raymond James raised their price target on shares of Digital Realty Trust from $170.00 to $190.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. Scotiabank raised shares of Digital Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $208.00 price target for the company in a research note on Tuesday. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $220.00 price target on shares of Digital Realty Trust in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $179.95.

Digital Realty Trust Price Performance

Shares of NYSE:DLR opened at $165.26 on Friday. The company has a market cap of $54.82 billion, a price-to-earnings ratio of 102.01, a PEG ratio of 4.33 and a beta of 0.63. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The firm has a 50 day simple moving average of $173.51 and a 200 day simple moving average of $169.43. Digital Realty Trust has a one year low of $135.54 and a one year high of $198.00.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 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%. Research analysts predict that Digital Realty Trust will post 7.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were 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 can be accessed through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Digital Realty Trust

Large investors have recently bought and sold shares of the stock. Sierra Ocean LLC acquired a new stake in Digital Realty Trust in the fourth quarter worth $29,000. FNY Investment Advisers LLC bought a new position in shares of Digital Realty Trust in the fourth quarter valued at $35,000. Fairway Wealth LLC bought a new position in shares of Digital Realty Trust in the fourth quarter valued at $35,000. Versant Capital Management Inc lifted its stake in shares of 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 buying an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC bought a new position in shares of Digital Realty Trust in the fourth quarter valued at $37,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.