Digital Realty Trust (NYSE:DLR) Rating Increased to Equal Weight at Barclays

Digital Realty Trust (NYSE:DLR) was upgraded by equities researchers at Barclays from an “underweight” rating to an “equal weight” rating in a research note issued on Tuesday, MarketBeat Ratings reports. The firm currently has a $164.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $161.00. Barclays‘s price objective suggests a potential upside of 3.96% from the company’s current price.

A number of other research analysts also recently issued reports on DLR. Stifel Nicolaus set a $210.00 price target on Digital Realty Trust in a report on Friday, October 24th. JPMorgan Chase & Co. lifted their target price on shares of Digital Realty Trust from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Wall Street Zen cut shares of Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Daiwa Capital Markets started coverage on shares of Digital Realty Trust in a research report on Wednesday, October 22nd. They set a “buy” rating and a $210.00 price target on the stock. Finally, Moffett Nathanson lifted their price objective on shares of Digital Realty Trust from $166.00 to $172.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $194.24.

Digital Realty Trust Stock Down 0.5%

NYSE:DLR opened at $157.76 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.02 and a quick ratio of 2.02. The company’s fifty day moving average price is $158.15 and its 200-day moving average price is $166.89. Digital Realty Trust has a 1-year low of $129.95 and a 1-year high of $187.74. The firm has a market capitalization of $54.19 billion, a P/E ratio of 40.76, a PEG ratio of 3.71 and a beta of 1.11.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.15 EPS for the quarter. The company had revenue of $1.58 billion for the quarter. Digital Realty Trust had a net margin of 23.67% and a return on equity of 6.41%. As a group, equities research analysts anticipate that Digital Realty Trust will post 7.07 EPS for the current year.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, Director Mary Hogan Preusse sold 4,166 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $157.42, for a total transaction of $655,811.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.17% of the company’s stock.

Institutional Trading of Digital Realty Trust

A number of institutional investors have recently made changes to their positions in DLR. Harrington Investments INC raised its stake in Digital Realty Trust by 2.7% in the 4th quarter. Harrington Investments INC now owns 13,648 shares of the real estate investment trust’s stock valued at $2,112,000 after purchasing an additional 355 shares during the last quarter. Czech National Bank grew its holdings in shares of Digital Realty Trust by 4.6% during the fourth quarter. Czech National Bank now owns 85,141 shares of the real estate investment trust’s stock worth $13,172,000 after buying an additional 3,719 shares in the last quarter. Moody National Bank Trust Division acquired a new stake in shares of Digital Realty Trust in the fourth quarter valued at about $204,000. Pensionfund Sabic purchased a new position in shares of Digital Realty Trust in the fourth quarter worth about $3,318,000. Finally, Stolper Co boosted its position in Digital Realty Trust by 3.6% during the fourth quarter. Stolper Co now owns 13,436 shares of the real estate investment trust’s stock worth $2,079,000 after acquiring an additional 465 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

About Digital Realty Trust

Digital Realty Trust, Inc (NYSE: DLR) is a real estate investment trust that owns, acquires and operates carrier-neutral data centers and provides related colocation and interconnection solutions. The company focuses on large-scale, mission-critical facilities that support the physical infrastructure needs of cloud providers, enterprises, network operators and content companies. Digital Realty’s offerings are designed to enable secure, reliable and highly available IT infrastructure with an emphasis on power density, cooling, and physical security.

Digital Realty’s product set spans wholesale data center space, turnkey build-to-suit facilities, and retail colocation suites, complemented by interconnection services that allow customers to establish private and public connections to networks, cloud on-ramps and other ecosystem partners.