Digital Realty Trust (NYSE:DLR) Upgraded to Buy at UBS Group

Digital Realty Trust (NYSE:DLR) was upgraded by investment analysts at UBS Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm presently has a $205.00 price target on the real estate investment trust’s stock, up from their previous price target of $147.00. UBS Group’s price objective indicates a potential upside of 13.42% from the company’s previous close.

A number of other analysts have also recently issued reports on DLR. Truist Financial boosted their target price on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Royal Bank of Canada increased their price objective on shares of Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Evercore ISI lifted their target price on shares of Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Wells Fargo & Company increased their price target on Digital Realty Trust from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Finally, Barclays boosted their price objective on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research note on Monday, November 18th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $174.74.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $180.74 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market capitalization of $59.95 billion, a price-to-earnings ratio of 151.88, a price-to-earnings-growth ratio of 4.97 and a beta of 0.64. Digital Realty Trust has a one year low of $131.42 and a one year high of $198.00. The company has a 50 day moving average price of $183.47 and a 200 day moving average price of $165.49.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the company earned $1.62 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Sell-side analysts anticipate that Digital Realty Trust will post 6.71 EPS for the current year.

Insiders Place Their Bets

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.40, for a total transaction of $471,873.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.17% of the stock is owned by company insiders.

Institutional Investors Weigh In On Digital Realty Trust

A number of institutional investors have recently made changes to their positions in DLR. Victory Capital Management Inc. raised its holdings in shares of Digital Realty Trust by 39.6% during the second quarter. Victory Capital Management Inc. now owns 140,270 shares of the real estate investment trust’s stock worth $21,328,000 after purchasing an additional 39,793 shares during the period. Private Advisor Group LLC grew its position in shares of Digital Realty Trust by 30.3% during the 2nd quarter. Private Advisor Group LLC now owns 11,979 shares of the real estate investment trust’s stock valued at $1,822,000 after buying an additional 2,785 shares during the last quarter. Candriam S.C.A. grew its position in shares of Digital Realty Trust by 12.0% during the 2nd quarter. Candriam S.C.A. now owns 20,002 shares of the real estate investment trust’s stock valued at $3,041,000 after buying an additional 2,146 shares during the last quarter. Asset Dedication LLC acquired a new stake in Digital Realty Trust during the second quarter worth about $31,000. Finally, Acadian Asset Management LLC boosted its stake in Digital Realty Trust by 856.4% in the second quarter. Acadian Asset Management LLC now owns 25,661 shares of the real estate investment trust’s stock valued at $3,898,000 after acquiring an additional 22,978 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Company Profile

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.