Digital Realty Trust (NYSE:DLR) Upgraded at Deutsche Bank Aktiengesellschaft

Digital Realty Trust (NYSE:DLR) was upgraded by equities researchers at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a $194.00 price target on the real estate investment trust’s stock, up from their prior price target of $185.00. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 11.54% from the stock’s current price.

DLR has been the subject of a number of other reports. JPMorgan Chase & Co. increased their target price on shares of Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Royal Bank of Canada boosted their price objective on Digital Realty Trust from $177.00 to $207.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Scotiabank boosted their price target on shares of Digital Realty Trust from $157.00 to $178.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Truist Financial raised their price objective on shares of Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $177.32.

Digital Realty Trust Price Performance

Digital Realty Trust stock opened at $173.93 on Wednesday. The stock has a market cap of $57.69 billion, a P/E ratio of 146.16, a P/E/G ratio of 4.91 and a beta of 0.64. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The company’s 50 day moving average price is $183.21 and its two-hundred day moving average price is $166.36. Digital Realty Trust has a 52 week low of $131.42 and a 52 week high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($1.58). The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.62 earnings per share. On average, equities analysts predict that Digital Realty Trust will post 6.71 earnings per share for the current year.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Digital Realty Trust

Hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. lifted its stake in Digital Realty Trust by 6.4% in the third quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock worth $61,643,000 after purchasing an additional 23,028 shares during the last quarter. Cumberland Partners Ltd grew its position in Digital Realty Trust by 207.3% during the 3rd quarter. Cumberland Partners Ltd now owns 46,595 shares of the real estate investment trust’s stock worth $7,540,000 after acquiring an additional 31,430 shares during the last quarter. TCW Group Inc. increased its stake in shares of Digital Realty Trust by 161.0% in the third quarter. TCW Group Inc. now owns 50,696 shares of the real estate investment trust’s stock worth $8,204,000 after buying an additional 31,272 shares during the period. Sei Investments Co. increased its holdings in Digital Realty Trust by 11.2% during the 2nd quarter. Sei Investments Co. now owns 1,465,876 shares of the real estate investment trust’s stock valued at $222,886,000 after purchasing an additional 147,689 shares during the period. Finally, Prestige Wealth Management Group LLC lifted its stake in Digital Realty Trust by 3,056.0% in the third quarter. Prestige Wealth Management Group LLC now owns 4,229 shares of the real estate investment trust’s stock worth $684,000 after acquiring an additional 4,095 shares during the period. 99.71% of the stock is currently owned by institutional investors.

About Digital Realty Trust

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.