Digital Realty Trust (NYSE:DLR) Given New $122.00 Price Target at TD Cowen

Digital Realty Trust (NYSE:DLR) had its price target raised by TD Cowen from $116.00 to $122.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. TD Cowen’s target price points to a potential downside of 17.02% from the company’s previous close.

Several other equities analysts have also recently issued reports on DLR. Stifel Nicolaus boosted their target price on Digital Realty Trust from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Evercore ISI reiterated an “outperform” rating and set a $154.00 target price on shares of Digital Realty Trust in a research report on Wednesday, March 27th. StockNews.com cut Digital Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Barclays boosted their target price on Digital Realty Trust from $110.00 to $119.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. boosted their target price on Digital Realty Trust from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $142.65.

Digital Realty Trust Stock Performance

DLR stock traded up $6.87 during trading on Friday, hitting $147.02. The company had a trading volume of 3,309,689 shares, compared to its average volume of 1,971,045. The firm has a market cap of $45.93 billion, a PE ratio of 49.50, a price-to-earnings-growth ratio of 3.14 and a beta of 0.55. Digital Realty Trust has a 1-year low of $86.33 and a 1-year high of $154.18. The firm has a 50-day moving average price of $142.09 and a 200-day moving average price of $137.15. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.92.

Insider Activity

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total transaction of $494,700.00. Following the transaction, the director now owns 8,413 shares of the company’s stock, valued at approximately $1,224,091.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.39% of the company’s stock.

Institutional Trading of Digital Realty Trust

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Digital Realty Trust by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 47,552,026 shares of the real estate investment trust’s stock worth $6,399,552,000 after acquiring an additional 161,178 shares during the last quarter. Norges Bank acquired a new stake in Digital Realty Trust during the fourth quarter worth about $2,141,890,000. FMR LLC increased its stake in Digital Realty Trust by 4.8% during the third quarter. FMR LLC now owns 8,647,509 shares of the real estate investment trust’s stock worth $1,046,522,000 after acquiring an additional 394,682 shares during the last quarter. Principal Financial Group Inc. increased its stake in Digital Realty Trust by 1.7% during the fourth quarter. Principal Financial Group Inc. now owns 5,829,206 shares of the real estate investment trust’s stock worth $784,495,000 after acquiring an additional 97,509 shares during the last quarter. Finally, Morgan Stanley increased its stake in Digital Realty Trust by 6.8% during the third quarter. Morgan Stanley now owns 4,426,189 shares of the real estate investment trust’s stock worth $535,658,000 after acquiring an additional 282,825 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Digital Realty Trust Company Profile

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.