Truist Financial Boosts Digital Realty Trust (NYSE:DLR) Price Target to $202.00

Digital Realty Trust (NYSE:DLR) had its price objective boosted by investment analysts at Truist Financial from $200.00 to $202.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price target would indicate a potential upside of 14.04% from the stock’s current price.

A number of other equities analysts have also weighed in on DLR. Bank of America restated a “neutral” rating and issued a $170.00 target price (down from $210.00) on shares of Digital Realty Trust in a research note on Thursday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Digital Realty Trust in a report on Monday, January 5th. They set a “buy” rating and a $180.00 price objective for the company. Daiwa Securities Group started coverage on shares of Digital Realty Trust in a research note on Wednesday, October 22nd. They issued a “buy” rating and a $210.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on shares of Digital Realty Trust from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Finally, Stifel Nicolaus lowered their price objective on shares of Digital Realty Trust from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $192.33.

Digital Realty Trust Price Performance

NYSE:DLR traded down $2.76 during mid-day trading on Wednesday, hitting $177.14. 226,830 shares of the stock traded hands, compared to its average volume of 2,110,830. Digital Realty Trust has a 12-month low of $129.95 and a 12-month high of $184.79. The company has a quick ratio of 2.02, a current ratio of 1.59 and a debt-to-equity ratio of 0.81. The company has a market cap of $60.85 billion, a PE ratio of 49.20, a price-to-earnings-growth ratio of 4.00 and a beta of 1.12. The business’s 50-day moving average price is $160.89 and its 200 day moving average price is $165.55.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.03. Digital Realty Trust had a net margin of 21.41% and a return on equity of 5.88%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the business earned $1.73 EPS. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. Digital Realty Trust has set its FY 2026 guidance at 7.900-8.000 EPS. On average, analysts expect that Digital Realty Trust will post 7.07 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Mary Hogan Preusse sold 4,166 shares of Digital Realty Trust stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $157.42, for a total value of $655,811.72. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.17% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Digital Realty Trust

A number of hedge funds have recently modified their holdings of the company. Norges Bank bought a new stake in shares of Digital Realty Trust in the fourth quarter worth about $3,402,995,000. Cohen & Steers Inc. lifted its holdings in Digital Realty Trust by 18.0% in the 4th quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock worth $4,332,366,000 after buying an additional 4,276,073 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Digital Realty Trust by 686.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,807,512 shares of the real estate investment trust’s stock worth $831,123,000 after buying an additional 4,195,862 shares during the last quarter. Viking Global Investors LP purchased a new position in shares of Digital Realty Trust during the fourth quarter valued at approximately $233,301,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Digital Realty Trust by 78.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,190,797 shares of the real estate investment trust’s stock valued at $493,650,000 after acquiring an additional 1,405,791 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

About Digital Realty Trust

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.