UBS Group Boosts Digital Realty Trust (NYSE:DLR) Price Target to $147.00

Digital Realty Trust (NYSE:DLR) had its target price lifted by stock analysts at UBS Group from $143.00 to $147.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock.

A number of other research analysts also recently weighed in on DLR. Royal Bank of Canada restated an “outperform” rating and set a $144.00 price target on shares of Digital Realty Trust in a report on Friday, February 16th. Truist Financial boosted their price target on Digital Realty Trust from $145.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. StockNews.com lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Evercore ISI restated an “outperform” rating and issued a $154.00 target price on shares of Digital Realty Trust in a report on Wednesday, March 27th. Finally, HSBC increased their price target on Digital Realty Trust from $115.00 to $118.00 and gave the company a “reduce” rating in a report on Friday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Digital Realty Trust currently has a consensus rating of “Hold” and an average price target of $142.65.

Digital Realty Trust Trading Up 4.9 %

Shares of NYSE DLR opened at $147.00 on Friday. The business has a 50 day simple moving average of $142.27 and a 200 day simple moving average of $137.31. Digital Realty Trust has a 52 week low of $86.33 and a 52 week high of $154.18. The stock has a market cap of $45.93 billion, a price-to-earnings ratio of 40.83, a PEG ratio of 3.19 and a beta of 0.55. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.14 and a current ratio of 1.14.

Insider Transactions at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 3,400 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $145.50, for a total value of $494,700.00. Following the completion of the transaction, the director now directly owns 8,413 shares in the company, valued at $1,224,091.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.39% of the stock is owned by insiders.

Hedge Funds Weigh In On Digital Realty Trust

A number of hedge funds have recently made changes to their positions in DLR. Catalina Capital Group LLC grew its stake in shares of Digital Realty Trust by 40.8% in the 1st quarter. Catalina Capital Group LLC now owns 2,139 shares of the real estate investment trust’s stock valued at $308,000 after purchasing an additional 620 shares during the period. Mediolanum International Funds Ltd bought a new stake in Digital Realty Trust in the first quarter valued at $6,656,000. BI Asset Management Fondsmaeglerselskab A S raised its stake in Digital Realty Trust by 7.9% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 62,225 shares of the real estate investment trust’s stock worth $8,963,000 after acquiring an additional 4,578 shares in the last quarter. Smith Salley Wealth Management lifted its holdings in shares of Digital Realty Trust by 5.3% during the first quarter. Smith Salley Wealth Management now owns 8,765 shares of the real estate investment trust’s stock valued at $1,262,000 after acquiring an additional 443 shares during the period. Finally, Jennison Associates LLC boosted its stake in shares of Digital Realty Trust by 86.3% in the 1st quarter. Jennison Associates LLC now owns 336,578 shares of the real estate investment trust’s stock valued at $48,481,000 after purchasing an additional 155,926 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

About Digital Realty Trust

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.