Digital Realty Trust (NYSE:DLR) Stock Rating Upgraded by Hsbc Global Res

Digital Realty Trust (NYSE:DLR) was upgraded by stock analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

A number of other equities analysts have also weighed in on the stock. Truist Financial increased their target price on shares of Digital Realty Trust from $199.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Daiwa Capital Markets assumed coverage on Digital Realty Trust in a report on Wednesday, October 22nd. They set a “buy” rating and a $210.00 price objective on the stock. UBS Group set a $189.00 target price on shares of Digital Realty Trust in a report on Wednesday. Bank of America reissued a “neutral” rating and issued a $170.00 price target (down previously from $210.00) on shares of Digital Realty Trust in a research note on Thursday, January 8th. Finally, Mizuho cut their price target on shares of Digital Realty Trust from $191.00 to $180.00 and set an “outperform” rating for the company in a research report on Monday. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $193.22.

Digital Realty Trust Trading Up 0.9%

NYSE DLR opened at $160.62 on Thursday. Digital Realty Trust has a 12 month low of $129.95 and a 12 month high of $187.74. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $55.17 billion, a PE ratio of 41.50, a price-to-earnings-growth ratio of 3.73 and a beta of 1.11. The business’s 50-day moving average price is $157.69 and its two-hundred day moving average price is $166.72.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter. The firm had revenue of $1.58 billion for the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%. On average, analysts expect that Digital Realty Trust will post 7.07 EPS for the current year.

Insider Activity at Digital Realty Trust

In other Digital Realty Trust news, Director Mary Hogan Preusse sold 4,166 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $157.42, for a total transaction of $655,811.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by company insiders.

Institutional Investors Weigh In On Digital Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Weatherly Asset Management L. P. raised its holdings in Digital Realty Trust by 4.2% in the 4th quarter. Weatherly Asset Management L. P. now owns 50,991 shares of the real estate investment trust’s stock valued at $7,938,000 after acquiring an additional 2,056 shares during the last quarter. Warwick Investment Management Inc. boosted its stake in Digital Realty Trust by 4.6% during the fourth quarter. Warwick Investment Management Inc. now owns 3,009 shares of the real estate investment trust’s stock worth $466,000 after buying an additional 132 shares during the period. Nilsine Partners LLC lifted its holdings in shares of Digital Realty Trust by 3.6% in the 4th quarter. Nilsine Partners LLC now owns 2,207 shares of the real estate investment trust’s stock worth $341,000 after acquiring an additional 77 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Digital Realty Trust by 12.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 109,539 shares of the real estate investment trust’s stock worth $17,072,000 after purchasing an additional 12,252 shares during the period. Finally, Jamison Private Wealth Management Inc. raised its position in Digital Realty Trust by 1.2% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 32,619 shares of the real estate investment trust’s stock valued at $5,047,000 after purchasing an additional 390 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

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.