DLR has been the subject of several other research reports. Wells Fargo & Company lowered their price target on shares of Digital Realty Trust from $150.00 to $145.00 and set an “overweight” rating for the company in a research report on Tuesday, September 13th. Citigroup cut their price target on shares of Digital Realty Trust from $165.00 to $160.00 and set a “buy” rating for the company in a report on Friday, June 10th. Morgan Stanley cut their price target on shares of Digital Realty Trust from $154.00 to $141.00 and set an “equal weight” rating for the company in a report on Tuesday, July 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on Digital Realty Trust from $144.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. Finally, TheStreet downgraded Digital Realty Trust from a “b-” rating to a “c+” rating in a report on Tuesday, July 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $160.71.
Digital Realty Trust Stock Down 1.3 %
Digital Realty Trust stock opened at $107.41 on Friday. The company has a 50-day simple moving average of $124.61 and a 200-day simple moving average of $132.62. The firm has a market capitalization of $30.87 billion, a P/E ratio of 23.55, a P/E/G ratio of 2.35 and a beta of 0.33. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.55 and a current ratio of 0.55. Digital Realty Trust has a one year low of $106.15 and a one year high of $178.22.
Insider Buying and Selling
In other news, EVP Dyer Corey sold 6,253 shares of the firm’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $132.40, for a total value of $827,897.20. Following the sale, the executive vice president now owns 11,689 shares in the company, valued at $1,547,623.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Dyer Corey sold 6,253 shares of Digital Realty Trust stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $132.40, for a total transaction of $827,897.20. Following the sale, the executive vice president now owns 11,689 shares of the company’s stock, valued at approximately $1,547,623.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO A William Stein purchased 5,000 shares of the firm’s stock in a transaction on Thursday, September 15th. The shares were acquired at an average price of $113.22 per share, for a total transaction of $566,100.00. Following the purchase, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $1,132,200. The disclosure for this purchase can be found here. 0.41% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in DLR. Tyler Stone Wealth Management bought a new position in shares of Digital Realty Trust during the 4th quarter worth approximately $25,000. Core Alternative Capital lifted its holdings in Digital Realty Trust by 1,133.3% during the 1st quarter. Core Alternative Capital now owns 222 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 204 shares during the last quarter. Marshall & Sullivan Inc. WA acquired a new position in Digital Realty Trust in the second quarter valued at about $31,000. Better Money Decisions LLC bought a new stake in Digital Realty Trust during the second quarter worth about $31,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Digital Realty Trust during the first quarter worth approximately $35,000. Institutional investors and hedge funds own 95.03% of the company’s stock.
About Digital Realty Trust
Digital Realty supports the world’s leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITALR, the company’s global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture PDxTM solution methodology for scaling digital business and efficiently managing data gravity challenges.
Before you consider Digital Realty Trust, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Digital Realty Trust wasn’t on the list.
While Digital Realty Trust currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.