Stifel Nicolaus Increases Digital Realty Trust (NYSE:DLR) Price Target to $175.00

Digital Realty Trust (NYSE:DLR) had its price target increased by stock analysts at Stifel Nicolaus from $165.00 to $175.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Stifel Nicolaus’ price target indicates a potential upside of 10.51% from the company’s current price.

Several other research analysts have also commented on DLR. Wells Fargo & Company raised shares of Digital Realty Trust from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $135.00 to $155.00 in a report on Tuesday, April 9th. TD Cowen upped their price target on shares of Digital Realty Trust from $116.00 to $122.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Truist Financial lifted their price target on Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a report on Monday, March 18th. Morgan Stanley increased their price target on Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Finally, UBS Group raised their target price on shares of Digital Realty Trust from $143.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $151.20.

Digital Realty Trust Stock Up 0.4 %

Shares of NYSE DLR opened at $158.35 on Friday. The firm has a fifty day moving average of $147.33 and a 200-day moving average of $143.06. Digital Realty Trust has a 52-week low of $113.94 and a 52-week high of $160.46. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $49.47 billion, a PE ratio of 43.99, a P/E/G ratio of 20.74 and a beta of 0.59.

Hedge Funds Weigh In On Digital Realty Trust

Hedge funds have recently bought and sold shares of the company. EP Wealth Advisors LLC increased its stake in shares of Digital Realty Trust by 31.0% in the 3rd quarter. EP Wealth Advisors LLC now owns 4,364 shares of the real estate investment trust’s stock valued at $528,000 after acquiring an additional 1,032 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Digital Realty Trust by 2.8% in the third quarter. American Century Companies Inc. now owns 720,618 shares of the real estate investment trust’s stock valued at $87,209,000 after buying an additional 19,931 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Digital Realty Trust by 1,825.0% during the third quarter. Wellington Management Group LLP now owns 401,775 shares of the real estate investment trust’s stock worth $48,623,000 after acquiring an additional 380,904 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Digital Realty Trust by 11.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 3,660 shares of the real estate investment trust’s stock worth $443,000 after acquiring an additional 371 shares during the last quarter. Finally, DNB Asset Management AS lifted its position in Digital Realty Trust by 3.1% in the 4th quarter. DNB Asset Management AS now owns 66,369 shares of the real estate investment trust’s stock valued at $8,932,000 after acquiring an additional 2,012 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

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.