Sanford C. Bernstein Begins Coverage on Digital Realty Trust (NYSE:DLR)

Sanford C. Bernstein assumed coverage on shares of Digital Realty Trust (NYSE:DLR) in a research note issued to investors on Thursday, MarketBeat.com reports. The firm set an “outperform” rating and a $218.00 price target on the real estate investment trust’s stock. Sanford C. Bernstein’s price target would indicate a potential upside of 21.21% from the stock’s previous close.

A number of other brokerages have also weighed in on DLR. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Digital Realty Trust in a research note on Monday, January 5th. They issued a “buy” rating and a $180.00 price target for the company. Stifel Nicolaus cut their target price on Digital Realty Trust from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Moffett Nathanson lifted their price target on Digital Realty Trust from $166.00 to $172.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Bank of America restated a “neutral” rating and issued a $170.00 price objective (down from $210.00) on shares of Digital Realty Trust in a report on Thursday, January 8th. Finally, Barclays raised Digital Realty Trust from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $161.00 to $164.00 in a report on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $193.36.

Digital Realty Trust Stock Performance

DLR traded down $2.77 during trading hours on Thursday, hitting $179.85. 44,394 shares of the stock were exchanged, compared to its average volume of 2,033,159. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.59 and a quick ratio of 1.59. Digital Realty Trust has a 12 month low of $129.95 and a 12 month high of $184.79. The stock has a 50-day simple moving average of $166.33 and a 200-day simple moving average of $166.21. The stock has a market cap of $61.80 billion, a price-to-earnings ratio of 49.96, a price-to-earnings-growth ratio of 3.94 and a beta of 1.12.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.03. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.58 billion. Digital Realty Trust had a net margin of 21.41% and a return on equity of 5.88%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.73 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 7.900-8.000 EPS. Analysts anticipate that Digital Realty Trust will post 7.07 earnings per share for the current year.

Institutional Investors Weigh In On Digital Realty Trust

A number of institutional investors have recently modified their holdings of DLR. Norges Bank purchased a new stake in shares of Digital Realty Trust during the fourth quarter worth $3,402,995,000. Cohen & Steers Inc. lifted its position in Digital Realty Trust by 18.0% during 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 acquiring an additional 4,276,073 shares during the last quarter. 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 third 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 valued at $831,123,000 after purchasing an additional 4,195,862 shares during the last quarter. Viking Global Investors LP acquired a new position in shares of Digital Realty Trust during the 4th quarter worth about $233,301,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in Digital Realty Trust by 78.8% during the 4th 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 purchasing an additional 1,405,791 shares during the period. 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.