Digital Realty Trust (NYSE:DLR) Coverage Initiated at Truist Financial

Investment analysts at Truist Financial assumed coverage on shares of Digital Realty Trust (NYSE:DLR) in a report released on Tuesday, MarketBeat.com reports. The firm set a “buy” rating and a $207.00 price target on the real estate investment trust’s stock. Truist Financial’s price objective indicates a potential upside of 14.72% from the company’s previous close.

Several other research firms have also weighed in on DLR. Deutsche Bank Aktiengesellschaft started coverage on shares of Digital Realty Trust in a research note on Monday, January 5th. They set a “buy” rating and a $180.00 target price for the company. TD Cowen reaffirmed a “hold” rating on shares of Digital Realty Trust in a report on Friday, February 6th. Weiss Ratings upgraded shares of Digital Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 17th. Moffett Nathanson raised their target price on shares of Digital Realty Trust from $166.00 to $172.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Finally, Sanford C. Bernstein initiated coverage on Digital Realty Trust in a research note on Thursday, March 5th. They issued an “outperform” rating and a $218.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $194.88.

Digital Realty Trust Trading Up 0.1%

Shares of NYSE DLR opened at $180.45 on Tuesday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.81. The stock’s 50 day moving average price is $174.65 and its two-hundred day moving average price is $167.83. Digital Realty Trust has a 52-week low of $129.95 and a 52-week high of $184.79. The stock has a market capitalization of $62.00 billion, a P/E ratio of 50.12, a PEG ratio of 3.99 and a beta of 1.07.

Digital Realty Trust (NYSE:DLR) last issued its earnings results on Thursday, February 5th. The real estate investment trust reported $1.86 EPS for the quarter, topping 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 return on equity of 5.88% and a net margin of 21.41%.The business’s revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.73 EPS. Digital Realty Trust has set its FY 2026 guidance at 7.900-8.000 EPS. On average, analysts anticipate that Digital Realty Trust will post 7.07 earnings per share for the current fiscal year.

Institutional Trading of Digital Realty Trust

Several hedge funds have recently bought and sold shares of the company. New York State Common Retirement Fund grew its position 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 buying an additional 15,569 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Digital Realty Trust by 13.5% during the 3rd 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. OFI Invest Asset Management lifted its stake in shares of Digital Realty Trust by 37,575.7% in the 3rd quarter. OFI Invest Asset Management now owns 271,265 shares of the real estate investment trust’s stock worth $46,896,000 after acquiring an additional 270,545 shares during the period. Centersquare Investment Management LLC boosted its holdings in shares of Digital Realty Trust by 5.0% in the third quarter. Centersquare Investment Management LLC now owns 3,118,869 shares of the real estate investment trust’s stock valued at $539,190,000 after acquiring an additional 149,770 shares in the last quarter. Finally, Gallacher Capital Management LLC bought a new position in shares of Digital Realty Trust in the third quarter valued at approximately $762,000. 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.