Truist Financial Forecasts Strong Price Appreciation for Digital Realty Trust (NYSE:DLR) Stock

Digital Realty Trust (NYSE:DLR) had its target price hoisted by stock analysts at Truist Financial from $200.00 to $202.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price target indicates a potential upside of 14.04% from the company’s previous close.

A number of other research analysts have also recently issued reports on DLR. Scotiabank reduced their price objective 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. Stifel Nicolaus cut their price target on Digital Realty Trust from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Weiss Ratings downgraded Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, January 23rd. Loop Capital set a $205.00 target price on Digital Realty Trust in a research report on Monday, October 27th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Digital Realty Trust in a research note on Monday, January 5th. They set a “buy” rating and a $180.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.33.

Digital Realty Trust Stock Down 1.5%

NYSE DLR traded down $2.76 on Wednesday, hitting $177.14. 226,830 shares of the company were exchanged, compared to its average volume of 2,110,830. The company has a current ratio of 1.59, a quick ratio of 2.02 and a debt-to-equity ratio of 0.81. The company has a market cap of $60.85 billion, a PE ratio of 49.20, a PEG ratio of 4.00 and a beta of 1.12. The stock has a fifty day moving average of $160.89 and a 200-day moving average of $165.55. Digital Realty Trust has a 12 month low of $129.95 and a 12 month high of $184.79.

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

Insider Buying and Selling at Digital Realty Trust

In related news, Director Mary Hogan Preusse sold 4,166 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $157.42, for a total transaction of $655,811.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Digital Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Digital Realty Trust during the fourth quarter worth about $3,402,995,000. Cohen & Steers Inc. lifted its stake in shares of 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 valued at $4,332,366,000 after buying an additional 4,276,073 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Digital Realty Trust by 686.0% in the 3rd 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 buying an additional 4,195,862 shares in the last quarter. Viking Global Investors LP bought a new stake in Digital Realty Trust during the 4th quarter valued at $233,301,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Digital Realty Trust by 78.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,190,797 shares of the real estate investment trust’s stock worth $493,650,000 after acquiring an additional 1,405,791 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

About Digital Realty Trust

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.