Digital Realty Trust (NYSE:DLR) Upgraded to Strong-Buy at BTIG Research

Digital Realty Trust (NYSE:DLR) was upgraded by BTIG Research to a “strong-buy” rating in a research note issued to investors on Friday,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. BMO Capital Markets raised their target price on shares of Digital Realty Trust from $205.00 to $220.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft increased their price target on Digital Realty Trust from $196.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Stifel Nicolaus lifted their price objective on Digital Realty Trust from $230.00 to $235.00 and gave the company a “buy” rating in a report on Friday, April 24th. Jefferies Financial Group increased their target price on Digital Realty Trust from $223.00 to $233.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Sanford C. Bernstein boosted their price target on Digital Realty Trust from $218.00 to $232.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $216.75.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $180.39 on Friday. The company has a market capitalization of $63.39 billion, a price-to-earnings ratio of 47.60, a PEG ratio of 4.87 and a beta of 1.03. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.59 and a current ratio of 1.59. Digital Realty Trust has a 52 week low of $146.23 and a 52 week high of $208.14. The company has a 50-day simple moving average of $187.87 and a 200 day simple moving average of $179.03.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. Digital Realty Trust had a return on equity of 6.05% and a net margin of 21.73%.The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the firm posted $1.77 EPS. The company’s revenue for the quarter 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, sell-side analysts predict that Digital Realty Trust will post 8.05 earnings per share for the current year.

Institutional Trading of Digital Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLR. Cherry Creek Investment Advisors Inc. raised its stake in Digital Realty Trust by 0.3% during the first quarter. Cherry Creek Investment Advisors Inc. now owns 18,745 shares of the real estate investment trust’s stock worth $3,378,000 after buying an additional 51 shares during the last quarter. Columbia Bank raised its position in shares of Digital Realty Trust by 0.9% in the 1st quarter. Columbia Bank now owns 6,167 shares of the real estate investment trust’s stock worth $1,111,000 after acquiring an additional 53 shares in the last quarter. GHP Investment Advisors Inc. lifted its stake in shares of Digital Realty Trust by 9.1% in the 1st quarter. GHP Investment Advisors Inc. now owns 657 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 55 shares during the period. South Plains Financial Inc. boosted its position in shares of Digital Realty Trust by 25.7% during the 4th quarter. South Plains Financial Inc. now owns 274 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 56 shares in the last quarter. Finally, Twin Capital Management Inc. increased its holdings in Digital Realty Trust by 1.1% in the first quarter. Twin Capital Management Inc. now owns 5,618 shares of the real estate investment trust’s stock worth $1,012,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Company Profile

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.