BMO Capital Markets Upgrades Digital Realty Trust (NYSE:DLR) to Outperform

Digital Realty Trust (NYSE:DLR) was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Wednesday, MarketBeat reports. The firm presently has a $170.00 price target on the real estate investment trust’s stock, up from their previous price target of $144.00. BMO Capital Markets’ price target suggests a potential upside of 14.25% from the company’s current price.

DLR has been the topic of several other research reports. Wells Fargo & Company upgraded shares of Digital Realty Trust from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $135.00 to $155.00 in a research note on Tuesday, April 9th. Evercore ISI reissued an “outperform” rating and set a $154.00 price objective on shares of Digital Realty Trust in a report on Wednesday, March 27th. 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 report on Monday, March 18th. HSBC boosted their price objective on shares of Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a report on Friday, May 3rd. Finally, TD Cowen boosted their price objective on shares of Digital Realty Trust from $116.00 to $122.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Digital Realty Trust presently has an average rating of “Hold” and a consensus price target of $146.06.

Digital Realty Trust Trading Up 1.3 %

Shares of DLR opened at $148.79 on Wednesday. The firm’s 50-day moving average price is $144.12 and its 200-day moving average price is $141.46. The firm has a market capitalization of $46.49 billion, a price-to-earnings ratio of 41.18, a PEG ratio of 19.17 and a beta of 0.57. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.91. Digital Realty Trust has a 1-year low of $108.14 and a 1-year high of $154.18.

Hedge Funds Weigh In On Digital Realty Trust

Institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio raised its position in shares of Digital Realty Trust by 1.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 587,561 shares of the real estate investment trust’s stock valued at $79,074,000 after acquiring an additional 9,158 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Digital Realty Trust by 17.7% during the 4th quarter. Clearbridge Investments LLC now owns 235,669 shares of the real estate investment trust’s stock valued at $31,716,000 after acquiring an additional 35,456 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Digital Realty Trust by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,236,434 shares of the real estate investment trust’s stock valued at $435,559,000 after acquiring an additional 85,262 shares in the last quarter. Lyell Wealth Management LP raised its position in shares of Digital Realty Trust by 12.0% during the 4th quarter. Lyell Wealth Management LP now owns 48,347 shares of the real estate investment trust’s stock valued at $6,507,000 after acquiring an additional 5,197 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its position in shares of Digital Realty Trust by 2.1% during the 4th quarter. Treasurer of the State of North Carolina now owns 137,892 shares of the real estate investment trust’s stock valued at $18,558,000 after acquiring an additional 2,840 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

About Digital Realty Trust

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.