Digital Realty Trust (NYSE:DLR) Price Target Lowered to $184.00 at Truist Financial

Digital Realty Trust (NYSE:DLR) had its target price decreased by Truist Financial from $185.00 to $184.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price objective indicates a potential upside of 10.95% from the company’s previous close.

DLR has been the subject of a number of other reports. Scotiabank lowered their price objective on shares of Digital Realty Trust from $208.00 to $206.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 22nd. Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a research note on Monday, January 27th. Wells Fargo & Company decreased their price target on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. JMP Securities reaffirmed a “market outperform” rating and set a $220.00 target price on shares of Digital Realty Trust in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Digital Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $183.00.

Digital Realty Trust Price Performance

Shares of DLR stock opened at $165.84 on Monday. Digital Realty Trust has a one year low of $129.95 and a one year high of $198.00. The company’s 50-day simple moving average is $151.31 and its two-hundred day simple moving average is $167.64. The company has a market capitalization of $55.85 billion, a P/E ratio of 102.37, a P/E/G ratio of 4.38 and a beta of 0.93. 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 released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.04. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the firm earned $1.67 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, equities analysts anticipate that Digital Realty Trust will post 7.07 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Digital Realty Trust during the 1st quarter valued at about $26,000. 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 acquired a new stake in shares of Digital Realty Trust during the 4th quarter valued at about $35,000. Fairway Wealth LLC acquired a new stake in shares of Digital Realty Trust during the 4th quarter valued at about $35,000. Finally, Centricity Wealth Management LLC purchased a new position in Digital Realty Trust during the fourth quarter valued at $37,000. 99.71% of the stock is currently owned by hedge funds and other 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.