Jefferies Financial Group Cuts Digital Realty Trust (NYSE:DLR) Price Target to $184.00

Digital Realty Trust (NYSE:DLR) had its target price reduced by stock analysts at Jefferies Financial Group from $206.00 to $184.00 in a report issued on Tuesday,MarketScreener reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 22.19% from the company’s current price.

Several other equities research analysts also recently commented on the company. Moffett Nathanson upped their target price on Digital Realty Trust from $166.00 to $172.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Wall Street Zen cut Digital Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Citigroup increased their price objective on Digital Realty Trust from $200.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Daiwa Capital Markets initiated coverage on shares of Digital Realty Trust in a research report on Wednesday, October 22nd. They set a “buy” rating and a $210.00 price objective on the stock. Finally, Truist Financial upped their price objective on shares of Digital Realty Trust from $199.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $198.00.

Digital Realty Trust Stock Performance

Shares of DLR opened at $150.59 on Tuesday. The firm has a 50-day moving average price of $165.33 and a 200 day moving average price of $169.74. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $51.73 billion, a PE ratio of 38.96, a P/E/G ratio of 3.95 and a beta of 1.11. Digital Realty Trust has a 52-week low of $129.95 and a 52-week high of $187.74.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Friday, October 31st. The real estate investment trust reported $0.15 earnings per share for the quarter. Digital Realty Trust had a return on equity of 6.41% and a net margin of 23.67%.The firm had revenue of $1.58 billion during the quarter. On average, sell-side analysts anticipate that Digital Realty Trust will post 7.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Mary Hogan Preusse sold 4,166 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $157.42, for a total value of $655,811.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.17% of the company’s stock.

Institutional Trading of Digital Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of DLR. Severin Investments LLC boosted its stake in shares of Digital Realty Trust by 5.5% in the 3rd quarter. Severin Investments LLC now owns 2,624 shares of the real estate investment trust’s stock valued at $454,000 after buying an additional 136 shares during the period. Allworth Financial LP increased its position in shares of Digital Realty Trust by 2.5% during the third quarter. Allworth Financial LP now owns 54,439 shares of the real estate investment trust’s stock worth $9,411,000 after purchasing an additional 1,329 shares in the last quarter. IFP Advisors Inc lifted its stake in Digital Realty Trust by 0.7% in the third quarter. IFP Advisors Inc now owns 10,261 shares of the real estate investment trust’s stock valued at $1,824,000 after buying an additional 68 shares during the last quarter. Swiss Life Asset Management Ltd boosted its stake in Digital Realty Trust by 29.2% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 64,263 shares of the real estate investment trust’s stock worth $11,110,000 after purchasing an additional 14,538 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in Digital Realty Trust by 35.6% in the third quarter. CIBC Private Wealth Group LLC now owns 3,380 shares of the real estate investment trust’s stock valued at $584,000 after purchasing an additional 888 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

About Digital Realty Trust

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.