Digital Realty Trust (NYSE:DLR) Price Target Lowered to $220.00 at Truist Financial

Digital Realty Trust (NYSE:DLR) had its price target lowered by research analysts at Truist Financial from $225.00 to $220.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price target would suggest a potential upside of 13.79% from the stock’s current price.

Several other research analysts also recently commented on DLR. HSBC downgraded Digital Realty Trust from a “buy” rating to a “hold” rating and lifted their price target for the stock from $193.00 to $210.00 in a research report on Monday, April 27th. The Goldman Sachs Group reissued a “buy” rating and issued a $215.00 price objective on shares of Digital Realty Trust in a research report on Friday, April 24th. BNP Paribas Exane raised their price objective on shares of Digital Realty Trust from $196.00 to $224.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Wall Street Zen raised shares of Digital Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $229.00 target price on shares of Digital Realty Trust in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Digital Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.17.

Digital Realty Trust Stock Performance

DLR stock traded up $5.16 during mid-day trading on Thursday, reaching $193.34. 584,767 shares of the stock traded hands, compared to its average volume of 2,436,623. The firm has a market capitalization of $67.94 billion, a PE ratio of 93.72, a P/E/G ratio of 5.48 and a beta of 1.03. The business has a 50-day moving average of $184.80 and a two-hundred day moving average of $181.68. Digital Realty Trust has a 52 week low of $146.23 and a 52 week high of $208.14. The company has a quick ratio of 1.59, a current ratio of 0.87 and a debt-to-equity ratio of 0.68.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.77). Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%.The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the firm posted $1.87 earnings per share. The company’s revenue for the quarter was up 28.9% on a year-over-year basis. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. As a group, equities analysts predict that Digital Realty Trust will post 8.39 EPS for the current fiscal year.

Institutional Trading of Digital Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of DLR. Nomura Asset Management Co. Ltd. lifted its stake in Digital Realty Trust by 3.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 598,259 shares of the real estate investment trust’s stock worth $92,557,000 after purchasing an additional 20,735 shares during the period. Norges Bank acquired a new stake in Digital Realty Trust during the fourth quarter valued at approximately $3,402,995,000. Legal & General Group Plc grew its stake in shares of Digital Realty Trust by 5.9% in the 4th quarter. Legal & General Group Plc now owns 4,007,211 shares of the real estate investment trust’s stock valued at $619,956,000 after purchasing an additional 224,688 shares during the period. Pacific Heights Asset Management LLC raised its holdings in shares of Digital Realty Trust by 20.0% in the 4th quarter. Pacific Heights Asset Management LLC now owns 150,000 shares of the real estate investment trust’s stock worth $23,206,000 after buying an additional 25,000 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Digital Realty Trust in the 4th quarter worth approximately $21,224,000. 99.71% of the stock is currently owned by institutional investors.

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.