Digital Realty Trust (NYSE:DLR) Stock Rating Upgraded by Truist Financial

Digital Realty Trust (NYSE:DLR) was upgraded by Truist Financial to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other analysts have also commented on DLR. Weiss Ratings raised Digital Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Raymond James Financial reissued a “strong-buy” rating and issued a $210.00 target price on shares of Digital Realty Trust in a research report on Thursday, March 12th. HSBC set a $193.00 price target on shares of Digital Realty Trust and gave the company a “buy” rating in a research report on Thursday, January 15th. UBS Group set a $189.00 target price on shares of Digital Realty Trust in a research report on Wednesday, January 14th. Finally, Scotiabank reduced their target price on shares of Digital Realty Trust from $206.00 to $189.00 and set a “sector outperform” rating for the company in a report on Wednesday, January 14th. Four research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $194.88.

Digital Realty Trust Stock Up 0.1%

DLR opened at $180.45 on Monday. The stock has a market capitalization of $62.00 billion, a price-to-earnings ratio of 50.12, a PEG ratio of 3.99 and a beta of 1.12. The firm has a 50 day moving average price of $174.65 and a 200-day moving average price of $167.83. Digital Realty Trust has a twelve month low of $129.95 and a twelve month high of $184.79. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.81.

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

Hedge Funds Weigh In On Digital Realty Trust

Several large investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund lifted its holdings in Digital Realty Trust by 7.1% in the 3rd quarter. New York State Common Retirement Fund now owns 233,569 shares of the real estate investment trust’s stock worth $40,379,000 after purchasing an additional 15,569 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Digital Realty Trust by 13.5% during the third quarter. Jones Financial Companies Lllp now owns 148,970 shares of the real estate investment trust’s stock valued at $25,545,000 after buying an additional 17,729 shares during the last quarter. OFI Invest Asset Management raised its position in shares of Digital Realty Trust by 37,575.7% during the third quarter. OFI Invest Asset Management now owns 271,265 shares of the real estate investment trust’s stock valued at $46,896,000 after buying an additional 270,545 shares during the last quarter. Centersquare Investment Management LLC lifted its holdings in shares of Digital Realty Trust by 5.0% in the third quarter. Centersquare Investment Management LLC now owns 3,118,869 shares of the real estate investment trust’s stock worth $539,190,000 after buying an additional 149,770 shares in the last quarter. Finally, Gallacher Capital Management LLC bought a new position in shares of Digital Realty Trust during the third quarter worth $762,000. Hedge funds and other institutional investors 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.