Digital Realty Trust (NYSE:DLR) Price Target Raised to $220.00

Digital Realty Trust (NYSE:DLR) had its price objective raised by research analysts at Deutsche Bank Aktiengesellschaft from $196.00 to $220.00 in a note issued to investors on Monday,MarketScreener reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 16.47% from the stock’s current price.

Several other brokerages have also weighed in on DLR. Raymond James Financial increased their price objective on Digital Realty Trust from $210.00 to $235.00 and gave the company a “strong-buy” rating in a report on Friday, April 24th. KeyCorp restated a “sector weight” rating on shares of Digital Realty Trust in a research note on Thursday, January 29th. Sanford C. Bernstein increased their price target on Digital Realty Trust from $218.00 to $232.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Stifel Nicolaus lifted their price objective on Digital Realty Trust from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $211.00 price objective on shares of Digital Realty Trust in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $215.89.

Digital Realty Trust Price Performance

DLR opened at $188.88 on Monday. Digital Realty Trust has a fifty-two week low of $146.23 and a fifty-two week high of $208.14. The firm has a 50-day moving average of $187.67 and a 200 day moving average of $172.11. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market cap of $66.38 billion, a P/E ratio of 49.67, a PEG ratio of 5.12 and a beta of 1.06.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. Digital Realty Trust had a net margin of 21.73% and a return on equity of 6.05%. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the previous year, the company earned $1.77 earnings per share. The company’s quarterly revenue was up 16.2% on a year-over-year basis. Digital Realty Trust has set its FY 2026 guidance at 7.950-8.050 EPS. On average, research analysts expect that Digital Realty Trust will post 8.06 EPS for the current year.

Institutional Trading of Digital Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. lifted its holdings in Digital Realty Trust by 347.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 161 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. First Horizon Corp purchased a new position in Digital Realty Trust during the 3rd quarter valued at about $31,000. Bell Investment Advisors Inc grew its holdings in Digital Realty Trust by 56.9% during the 1st quarter. Bell Investment Advisors Inc now owns 171 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 62 shares in the last quarter. Harvest Fund Management Co. Ltd increased its position in shares of Digital Realty Trust by 970.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 182 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 165 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Digital Realty Trust in the third quarter worth about $34,000. 99.71% of the stock is currently owned by institutional investors.

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.