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

Digital Realty Trust (NYSE:DLR) was upgraded by UBS Group from a “neutral” rating to a “buy” rating in a research note issued on Tuesday, Marketbeat.com reports. The firm presently has a $205.00 target price on the real estate investment trust’s stock, up from their prior target price of $147.00. UBS Group’s price objective would indicate a potential upside of 14.28% from the company’s current price.

Several other equities analysts have also commented on the stock. Stifel Nicolaus increased their price objective on shares of Digital Realty Trust from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. HSBC upgraded shares of Digital Realty Trust from a “reduce” rating to a “hold” rating and increased their price target for the stock from $124.00 to $160.00 in a report on Friday, October 4th. TD Cowen increased their price target on shares of Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Raymond James increased their price target on shares of Digital Realty Trust from $170.00 to $190.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Finally, Scotiabank increased their price target on shares of Digital Realty Trust from $157.00 to $178.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $174.74.

Digital Realty Trust Stock Performance

Shares of Digital Realty Trust stock opened at $179.38 on Tuesday. The firm has a market capitalization of $59.50 billion, a P/E ratio of 150.74, a PEG ratio of 4.97 and a beta of 0.64. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.81. The company has a 50 day moving average price of $183.56 and a 200 day moving average price of $165.16. Digital Realty Trust has a 52 week low of $130.28 and a 52 week high of $198.00.

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

Insider Activity

In other Digital Realty Trust news, CFO Matt Mercier sold 2,518 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nordea Investment Management AB lifted its holdings in Digital Realty Trust by 6.1% in the 4th quarter. Nordea Investment Management AB now owns 26,439 shares of the real estate investment trust’s stock valued at $4,693,000 after purchasing an additional 1,519 shares in the last quarter. Everence Capital Management Inc. raised its holdings in shares of Digital Realty Trust by 31.1% during the 4th quarter. Everence Capital Management Inc. now owns 8,820 shares of the real estate investment trust’s stock worth $1,564,000 after acquiring an additional 2,090 shares during the period. GAMMA Investing LLC raised its holdings in shares of Digital Realty Trust by 9.5% during the 4th quarter. GAMMA Investing LLC now owns 8,113 shares of the real estate investment trust’s stock worth $1,439,000 after acquiring an additional 702 shares during the period. Versant Capital Management Inc raised its holdings in shares of Digital Realty Trust by 480.6% during the 4th quarter. Versant Capital Management Inc now owns 209 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 173 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its holdings in shares of Digital Realty Trust by 13.7% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 3,518 shares of the real estate investment trust’s stock worth $559,000 after acquiring an additional 424 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

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.