Digital Realty Trust (NYSE:DLR) Given New $202.00 Price Target at Truist Financial

Digital Realty Trust (NYSE:DLR) had its target price hoisted by Truist Financial from $200.00 to $202.00 in a report issued on Wednesday morning,Benzinga reports. Truist Financial currently has a buy rating on the real estate investment trust’s stock.

A number of other equities analysts have also recently issued reports on the stock. Citigroup cut their price objective on shares of Digital Realty Trust from $212.00 to $190.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Digital Realty Trust in a research note on Monday, January 5th. They issued a “buy” rating and a $180.00 price objective for the company. Stifel Nicolaus lowered their target price on Digital Realty Trust from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. UBS Group set a $189.00 price target on shares of Digital Realty Trust in a research report on Wednesday, January 14th. Finally, Wall Street Zen downgraded shares of Digital Realty Trust from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $192.33.

Digital Realty Trust Stock Performance

DLR stock opened at $176.09 on Wednesday. The firm has a market cap of $60.51 billion, a PE ratio of 48.91, a price-to-earnings-growth ratio of 3.98 and a beta of 1.12. 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 stock has a 50-day moving average price of $161.22 and a 200-day moving average price of $165.63. Digital Realty Trust has a 1-year low of $129.95 and a 1-year high of $184.79.

Digital Realty Trust (NYSE:DLR) last released 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. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.58 billion. Digital Realty Trust had a net margin of 21.41% and a return on equity of 5.88%. Digital Realty Trust’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.73 EPS. Digital Realty Trust has set its FY 2026 guidance at 7.900-8.000 EPS. As a group, equities research analysts expect 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 business’s 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 legal filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

Institutional Trading of Digital Realty Trust

A number of hedge funds have recently bought and sold shares of DLR. First Commonwealth Financial Corp PA increased its position in shares of Digital Realty Trust by 5.8% during the 4th quarter. First Commonwealth Financial Corp PA now owns 4,589 shares of the real estate investment trust’s stock valued at $710,000 after purchasing an additional 251 shares during the last quarter. Beacon Pointe Advisors LLC grew its position in Digital Realty Trust by 15.6% during the fourth quarter. Beacon Pointe Advisors LLC now owns 8,303 shares of the real estate investment trust’s stock valued at $1,285,000 after buying an additional 1,118 shares during the period. First Citizens Bank & Trust Co. raised its position in Digital Realty Trust by 7.8% in the fourth quarter. First Citizens Bank & Trust Co. now owns 1,441 shares of the real estate investment trust’s stock worth $223,000 after acquiring an additional 104 shares during the period. State of Tennessee Department of Treasury boosted its stake in Digital Realty Trust by 7.0% in the fourth quarter. State of Tennessee Department of Treasury now owns 123,487 shares of the real estate investment trust’s stock valued at $20,493,000 after acquiring an additional 8,038 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new position in shares of Digital Realty Trust during the 4th quarter valued at approximately $498,000. 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.