Wells Fargo & Company Has Lowered Expectations for Digital Realty Trust (NYSE:DLR) Stock Price

Digital Realty Trust (NYSE:DLR) had its target price lowered by research analysts at Wells Fargo & Company from $210.00 to $185.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 15.10% from the stock’s previous close.

Other analysts have also issued research reports about the stock. JMP Securities assumed coverage on shares of Digital Realty Trust in a report on Monday, January 27th. They set an “outperform” rating and a $220.00 price objective for the company. Jefferies Financial Group lifted their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Scotiabank increased their target price on Digital Realty Trust from $178.00 to $208.00 and gave the stock a “sector perform” rating in a report on Thursday, January 23rd. Citizens Jmp raised Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. Finally, UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $147.00 to $205.00 in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $179.70.

Digital Realty Trust Price Performance

Digital Realty Trust stock traded down $0.70 during mid-day trading on Tuesday, hitting $160.73. 107,279 shares of the company were exchanged, compared to its average volume of 2,298,633. The business has a fifty day moving average of $181.03 and a 200 day moving average of $168.06. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. Digital Realty Trust has a 1-year low of $131.42 and a 1-year high of $198.00. The company has a market capitalization of $53.32 billion, a PE ratio of 135.32, a price-to-earnings-growth ratio of 4.16 and a beta of 0.63.

Insider Buying and Selling

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.17% of the stock is owned by insiders.

Institutional Trading of Digital Realty Trust

A number of large investors have recently made changes to their positions in the company. Sierra Ocean LLC acquired a new position in Digital Realty Trust in the fourth quarter valued at about $29,000. Adirondack Trust Co. grew its position in shares of Digital Realty Trust by 68.6% in the 3rd quarter. Adirondack Trust Co. now owns 199 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 81 shares during the period. FNY Investment Advisers LLC acquired a new stake in Digital Realty Trust during the 4th quarter worth approximately $35,000. Versant Capital Management Inc lifted its stake in Digital Realty Trust by 480.6% in the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 173 shares in the last quarter. Finally, Centricity Wealth Management LLC acquired a new position in shares of Digital Realty Trust in the fourth quarter valued at approximately $37,000. Institutional investors own 99.71% of the company’s stock.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.