Morgan Stanley Begins Coverage on Digital Realty Trust (NYSE:DLR)

Morgan Stanley began coverage on shares of Digital Realty Trust (NYSE:DLR) in a research note issued on Thursday, Marketbeat reports. The firm set an “equal weight” rating and a $195.00 price target on the real estate investment trust’s stock. Morgan Stanley’s price objective would indicate a potential upside of 12.76% from the company’s current price.

A number of other equities analysts have also recently weighed in on DLR. Barclays upped their price objective on shares of Digital Realty Trust from $140.00 to $141.00 and gave the company an “underweight” rating in a research report on Wednesday, August 20th. Citigroup restated a “buy” rating on shares of Digital Realty Trust in a research note on Tuesday, August 26th. Stifel Nicolaus lifted their price objective on Digital Realty Trust from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Raymond James Financial increased their target price on Digital Realty Trust from $190.00 to $205.00 and gave the company a “strong-buy” rating in a research note on Friday, July 25th. Finally, Truist Financial set a $199.00 price target on shares of Digital Realty Trust and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Digital Realty Trust currently has an average rating of “Moderate Buy” and a consensus price target of $191.25.

Digital Realty Trust Stock Down 0.6%

NYSE DLR opened at $172.94 on Thursday. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.82. Digital Realty Trust has a fifty-two week low of $129.95 and a fifty-two week high of $198.00. The business has a 50 day moving average price of $170.01 and a two-hundred day moving average price of $167.66. The stock has a market cap of $58.98 billion, a PE ratio of 45.39, a P/E/G ratio of 4.90 and a beta of 0.96.

Digital Realty Trust (NYSE:DLR) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.13. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, sell-side analysts predict that Digital Realty Trust will post 7.07 EPS for the current fiscal year.

Insider Activity

In related news, CEO Andrew Power sold 53,269 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $175.16, for a total transaction of $9,330,598.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Institutional Trading of Digital Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. Greykasell Wealth Strategies Inc. bought a new stake in shares of Digital Realty Trust during the 1st quarter valued at about $26,000. South Plains Financial Inc. boosted its stake in Digital Realty Trust by 280.5% in the second quarter. South Plains Financial Inc. now owns 156 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 115 shares during the period. Tobam bought a new position in shares of Digital Realty Trust during the second quarter valued at approximately $28,000. WPG Advisers LLC acquired a new stake in shares of Digital Realty Trust during the 1st quarter worth approximately $30,000. Finally, 1 North Wealth Services LLC bought a new stake in shares of Digital Realty Trust in the 1st quarter worth approximately $31,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Company Profile

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.