TD Cowen Increases Digital Realty Trust (NYSE:DLR) Price Target to $122.00

Digital Realty Trust (NYSE:DLR) had its target price increased by stock analysts at TD Cowen from $116.00 to $122.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. TD Cowen’s price objective would indicate a potential downside of 17.01% from the stock’s previous close.

A number of other brokerages also recently issued reports on DLR. Truist Financial boosted their price objective on shares of Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Royal Bank of Canada restated an “outperform” rating and issued a $144.00 price objective on shares of Digital Realty Trust in a report on Friday, February 16th. Stifel Nicolaus upped their target price on Digital Realty Trust from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Scotiabank cut Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 target price for the company. in a research note on Friday, February 16th. Finally, Evercore ISI restated an “outperform” rating and set a $154.00 price target on shares of Digital Realty Trust in a research report on Wednesday, March 27th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $142.65.

Digital Realty Trust Trading Up 4.9 %

Shares of DLR stock traded up $6.85 during trading hours on Friday, reaching $147.00. The company’s stock had a trading volume of 3,309,695 shares, compared to its average volume of 1,588,043. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $45.93 billion, a P/E ratio of 40.83, a P/E/G ratio of 3.34 and a beta of 0.55. The firm’s fifty day simple moving average is $142.27 and its 200 day simple moving average is $137.31. Digital Realty Trust has a one year low of $86.33 and a one year high of $154.18.

Insider Activity at Digital Realty Trust

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DLR. Commonwealth Equity Services LLC boosted its stake in shares of Digital Realty Trust by 4.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 121,401 shares of the real estate investment trust’s stock worth $14,692,000 after buying an additional 5,396 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Digital Realty Trust by 70.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 19,811 shares of the real estate investment trust’s stock worth $2,398,000 after purchasing an additional 8,202 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Digital Realty Trust by 7.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 106,144 shares of the real estate investment trust’s stock valued at $12,846,000 after purchasing an additional 7,215 shares during the period. Stratos Wealth Partners LTD. increased its position in shares of Digital Realty Trust by 11.8% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 7,170 shares of the real estate investment trust’s stock valued at $868,000 after purchasing an additional 757 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Digital Realty Trust by 1.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,444,510 shares of the real estate investment trust’s stock worth $295,835,000 after purchasing an additional 32,865 shares during the period. 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.