Digital Realty Trust (NYSE:DLR – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.
Other research analysts have also recently issued reports about the stock. Scotiabank initiated coverage on shares of Digital Realty Trust in a report on Friday, October 13th. They set a “sector perform” rating and a $132.00 target price on the stock. Royal Bank of Canada increased their target price on Digital Realty Trust from $125.00 to $140.00 and gave the stock an “outperformer” rating in a report on Monday, August 7th. Barclays increased their price objective on shares of Digital Realty Trust from $80.00 to $94.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 2nd. Morgan Stanley dropped their target price on shares of Digital Realty Trust from $102.00 to $98.00 and set an “equal weight” rating for the company in a research report on Monday, October 23rd. Finally, Truist Financial increased their price target on shares of Digital Realty Trust from $130.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, September 20th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Digital Realty Trust presently has an average rating of “Hold” and a consensus price target of $121.71.
Digital Realty Trust Stock Performance
NYSE:DLR traded up $1.36 during mid-day trading on Wednesday, hitting $138.26. 1,878,738 shares of the stock were exchanged, compared to its average volume of 2,403,819. The firm’s 50-day simple moving average is $125.59 and its 200 day simple moving average is $118.78. The stock has a market capitalization of $41.87 billion, a price-to-earnings ratio of 48.17, a price-to-earnings-growth ratio of 1.68 and a beta of 0.53. Digital Realty Trust has a fifty-two week low of $86.33 and a fifty-two week high of $138.93. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.11 and a current ratio of 1.11.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC lifted its stake in Digital Realty Trust by 19.9% in the 2nd quarter. Lindbrook Capital LLC now owns 518 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 86 shares in the last quarter. Carolinas Wealth Consulting LLC boosted its stake in Digital Realty Trust by 19.8% during the first quarter. Carolinas Wealth Consulting LLC now owns 545 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 90 shares during the period. Cigna Investments Inc. New grew its position in Digital Realty Trust by 2.6% during the second quarter. Cigna Investments Inc. New now owns 3,582 shares of the real estate investment trust’s stock worth $408,000 after buying an additional 92 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Digital Realty Trust by 15.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 691 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 92 shares during the last quarter. Finally, Checchi Capital Advisers LLC raised its holdings in shares of Digital Realty Trust by 1.8% in the 2nd quarter. Checchi Capital Advisers LLC now owns 5,448 shares of the real estate investment trust’s stock valued at $620,000 after acquiring an additional 94 shares in the last quarter. 99.71% of the stock is currently 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.