Digital Realty Trust (NYSE:DLR) Upgraded to Sector Outperform at Scotiabank

Scotiabank upgraded shares of Digital Realty Trust (NYSE:DLR) from a sector perform rating to a sector outperform rating in a research report report published on Tuesday, MarketBeat reports. Scotiabank currently has $208.00 price target on the real estate investment trust’s stock.

Several other brokerages also recently commented on DLR. Citizens Jmp upgraded shares of Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. UBS Group upgraded Digital Realty Trust from a “neutral” rating to a “buy” rating and lifted their target price for the company from $147.00 to $205.00 in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upgraded Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their price target for the stock from $185.00 to $194.00 in a research note on Wednesday, January 15th. Stifel Nicolaus lifted their target price on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Evercore ISI boosted their price target on Digital Realty Trust from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $179.95.

Digital Realty Trust Trading Up 1.4 %

Shares of Digital Realty Trust stock opened at $171.94 on Tuesday. The company has a fifty day moving average of $173.91 and a 200 day moving average of $169.29. The company has a market capitalization of $57.03 billion, a P/E ratio of 106.13, a P/E/G ratio of 4.23 and a beta of 0.63. Digital Realty Trust has a fifty-two week low of $131.42 and a fifty-two week high of $198.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a return on equity of 2.97% and a net margin of 10.85%. On average, sell-side analysts anticipate that Digital Realty Trust will post 7.06 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Sierra Ocean LLC acquired a new position in Digital Realty Trust during the 4th quarter worth about $29,000. FNY Investment Advisers LLC purchased a new stake in Digital Realty Trust during the fourth quarter worth approximately $35,000. Fairway Wealth LLC acquired a new stake in Digital Realty Trust during the 4th quarter worth $35,000. Versant Capital Management Inc increased its position in Digital Realty Trust by 480.6% during the fourth quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 173 shares during the period. Finally, Centricity Wealth Management LLC acquired a new stake in Digital Realty Trust during the 4th quarter worth $37,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Digital Realty Trust Company Profile

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.