Cantor Fitzgerald Begins Coverage on Digital Realty Trust (NYSE:DLR)

Equities research analysts at Cantor Fitzgerald initiated coverage on shares of Digital Realty Trust (NYSE:DLRGet Free Report) in a research report issued to clients and investors on Thursday,Benzinga reports. The firm set an “overweight” rating and a $211.00 price target on the real estate investment trust’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 13.82% from the stock’s current price.

Several other equities analysts have also recently issued reports on DLR. Raymond James Financial restated a “strong-buy” rating and issued a $210.00 price target on shares of Digital Realty Trust in a research report on Thursday, March 12th. Stifel Nicolaus decreased their price objective on shares of 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 increased their price objective on shares of Digital Realty Trust from $166.00 to $172.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. HSBC set a $193.00 price objective on shares of Digital Realty Trust and gave the stock a “buy” rating in a research report on Thursday, January 15th. Finally, Truist Financial initiated coverage on shares of Digital Realty Trust in a research report on Tuesday, March 31st. They set a “buy” rating and a $207.00 price objective for the company. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.38.

View Our Latest Analysis on DLR

Digital Realty Trust Trading Up 1.6%

Shares of NYSE DLR opened at $185.38 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.59 and a current ratio of 1.59. Digital Realty Trust has a 52-week low of $130.88 and a 52-week high of $186.45. The firm has a 50 day moving average price of $176.79 and a two-hundred day moving average price of $168.17. The stock has a market cap of $63.70 billion, a P/E ratio of 51.49, a price-to-earnings-growth ratio of 4.02 and a beta of 1.07.

Digital Realty Trust (NYSE:DLRGet Free Report) 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. 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 during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the company posted $1.73 EPS. The company’s revenue was up 13.8% on a year-over-year basis. Digital Realty Trust has set its FY 2026 guidance at 7.900-8.000 EPS. As a group, equities analysts forecast that Digital Realty Trust will post 7.07 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. New York State Common Retirement Fund increased its stake in shares of Digital Realty Trust by 7.1% in the third 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 increased its stake in shares of Digital Realty Trust by 13.5% in the third quarter. Jones Financial Companies Lllp now owns 148,970 shares of the real estate investment trust’s stock worth $25,545,000 after purchasing an additional 17,729 shares in the last quarter. OFI Invest Asset Management increased its stake in shares of Digital Realty Trust by 37,575.7% in the third quarter. OFI Invest Asset Management now owns 271,265 shares of the real estate investment trust’s stock worth $46,896,000 after purchasing an additional 270,545 shares in the last quarter. Centersquare Investment Management LLC increased its stake 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 purchasing an additional 149,770 shares in the last quarter. Finally, Gallacher Capital Management LLC purchased a new position in shares of Digital Realty Trust in the third quarter worth about $762,000. 99.71% of the stock is owned by institutional investors.

Key Headlines Impacting Digital Realty Trust

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Digital Realty Trust Company Profile

(Get Free Report)

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.

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