TD Cowen Lowers Digital Realty Trust (NYSE:DLR) Price Target to $120.00

Digital Realty Trust (NYSE:DLR) had its target price cut by stock analysts at TD Cowen from $122.00 to $120.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. TD Cowen’s price objective indicates a potential downside of 17.77% from the stock’s previous close.

Several other equities research analysts have also weighed in on DLR. BMO Capital Markets raised Digital Realty Trust from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $144.00 to $170.00 in a research report on Wednesday, June 26th. Barclays increased their target price on Digital Realty Trust from $123.00 to $130.00 and gave the stock an “underweight” rating in a research report on Wednesday. The Goldman Sachs Group started coverage on Digital Realty Trust in a research report on Monday, July 1st. They issued a “buy” rating and a $175.00 target price on the stock. Stifel Nicolaus raised their price target on Digital Realty Trust from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, Mizuho started coverage on Digital Realty Trust in a report on Thursday, July 11th. They set an “outperform” rating and a $170.00 price target on the stock. Three analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Digital Realty Trust presently has an average rating of “Hold” and a consensus target price of $152.20.

Digital Realty Trust Stock Performance

DLR traded down $1.44 during trading hours on Friday, hitting $145.93. 2,139,189 shares of the stock were exchanged, compared to its average volume of 1,907,738. Digital Realty Trust has a 12 month low of $113.94 and a 12 month high of $162.58. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a 50-day simple moving average of $149.53 and a 200-day simple moving average of $144.32. The stock has a market cap of $45.59 billion, a price-to-earnings ratio of 40.14, a price-to-earnings-growth ratio of 10.99 and a beta of 0.59.

Institutional Investors Weigh In On Digital Realty Trust

Institutional investors have recently bought and sold shares of the business. Gradient Investments LLC raised its stake in shares of Digital Realty Trust by 75.2% in the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 76 shares in the last quarter. Rise Advisors LLC raised its stake in shares of Digital Realty Trust by 1,125.0% in the 1st quarter. Rise Advisors LLC now owns 196 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 180 shares in the last quarter. GoalVest Advisory LLC bought a new position in shares of Digital Realty Trust in the 1st quarter valued at approximately $29,000. Bfsg LLC bought a new position in shares of Digital Realty Trust in the 4th quarter valued at approximately $31,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of Digital Realty Trust in the 4th quarter valued at approximately $32,000. 99.71% of the stock is currently 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.