Citigroup Cuts Digital Realty Trust (NYSE:DLR) Price Target to $190.00

Digital Realty Trust (NYSE:DLRFree Report) had its price target lowered by Citigroup from $212.00 to $190.00 in a research report report published on Friday, Marketbeat.com reports. The firm currently has a buy rating on the real estate investment trust’s stock.

DLR has been the subject of several other reports. Weiss Ratings lowered Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, January 23rd. KeyCorp reiterated a “sector weight” rating on shares of Digital Realty Trust in a research note on Thursday, January 29th. Jefferies Financial Group lowered their price target on shares of Digital Realty Trust from $206.00 to $184.00 and set a “buy” rating on the stock in a report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft started coverage on shares of Digital Realty Trust in a research report on Monday, January 5th. They issued a “buy” rating and a $180.00 price objective on the stock. Finally, Morgan Stanley began coverage on shares of Digital Realty Trust in a research report on Thursday, October 16th. They set an “equal weight” rating and a $195.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $192.13.

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Digital Realty Trust Price Performance

Shares of DLR opened at $171.30 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.02 and a current ratio of 1.59. The company has a 50 day moving average price of $158.57 and a 200-day moving average price of $165.53. Digital Realty Trust has a fifty-two week low of $129.95 and a fifty-two week high of $182.48. The stock has a market capitalization of $58.84 billion, a PE ratio of 47.58, a PEG ratio of 3.98 and a beta of 1.12.

Digital Realty Trust (NYSE:DLRGet Free Report) last issued its quarterly earnings data 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. The company had revenue of $1.63 billion for 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 was up 13.8% compared to the same quarter last year. During the same period last year, the company posted $1.73 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 7.900-8.000 EPS. Equities analysts predict that Digital Realty Trust will post 7.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Digital Realty Trust

In other news, Director Mary Hogan Preusse sold 4,166 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $157.42, for a total transaction of $655,811.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by company insiders.

Institutional Trading of Digital Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. New York State Common Retirement Fund raised its stake in Digital Realty Trust by 7.1% in the 3rd quarter. New York State Common Retirement Fund now owns 233,569 shares of the real estate investment trust’s stock valued at $40,379,000 after purchasing an additional 15,569 shares during the last quarter. OFI Invest Asset Management grew its holdings in shares of Digital Realty Trust by 37,575.7% during 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 buying an additional 270,545 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Digital Realty Trust by 13.5% during 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 buying an additional 17,729 shares in the last quarter. Gallacher Capital Management LLC acquired a new stake in shares of Digital Realty Trust in the third quarter valued at about $762,000. Finally, World Investment Advisors lifted its stake in shares of Digital Realty Trust by 412.7% in the third quarter. World Investment Advisors now owns 11,003 shares of the real estate investment trust’s stock worth $1,902,000 after buying an additional 8,857 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

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About Digital Realty Trust

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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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Analyst Recommendations for Digital Realty Trust (NYSE:DLR)

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