Digital Realty Trust (NYSE:DLR) Stock Rating Upgraded by Truist Financial

Digital Realty Trust (NYSE:DLR) was upgraded by investment analysts at Truist Financial to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research analysts have also commented on the company. BMO Capital Markets lifted their price target on Digital Realty Trust from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Bank of America restated a “neutral” rating and set a $170.00 price objective (down from $210.00) on shares of Digital Realty Trust in a research report on Thursday, January 8th. KeyCorp reaffirmed a “sector weight” rating on shares of Digital Realty Trust in a research note on Thursday, January 29th. Sanford C. Bernstein assumed coverage on shares of Digital Realty Trust in a report on Thursday, March 5th. They issued an “outperform” rating and a $218.00 target price on the stock. Finally, Stifel Nicolaus dropped their price target on shares of Digital Realty Trust from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Four research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $194.88.

Digital Realty Trust Trading Up 0.1%

DLR opened at $180.45 on Monday. The firm has a market capitalization of $62.00 billion, a price-to-earnings ratio of 50.12, a price-to-earnings-growth ratio of 3.99 and a beta of 1.12. The company’s 50 day simple moving average is $174.65 and its two-hundred day simple moving average is $167.83. Digital Realty Trust has a 1-year low of $129.95 and a 1-year high of $184.79. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.59 and a quick ratio of 1.59.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.03. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.58 billion. Digital Realty Trust had a return on equity of 5.88% and a net margin of 21.41%.The business’s revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.73 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 7.900-8.000 EPS. Analysts expect that Digital Realty Trust will post 7.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Digital Realty Trust

Large investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in Digital Realty Trust in the fourth quarter valued at approximately $3,402,995,000. Cohen & Steers Inc. grew its stake in shares of Digital Realty Trust by 18.0% in the fourth quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock valued at $4,332,366,000 after buying an additional 4,276,073 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Digital Realty Trust by 686.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,807,512 shares of the real estate investment trust’s stock valued at $831,123,000 after buying an additional 4,195,862 shares during the period. Viking Global Investors LP purchased a new stake in shares of Digital Realty Trust in the 4th quarter valued at $233,301,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in Digital Realty Trust by 78.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,190,797 shares of the real estate investment trust’s stock worth $493,650,000 after acquiring an additional 1,405,791 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Digital Realty Trust Company Profile

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.