TD Cowen Upgrades Digital Realty Trust (NYSE:DLR) to “Buy”

Digital Realty Trust (NYSE:DLR) was upgraded by equities researchers at TD Cowen from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, Marketbeat reports. The firm currently has a $222.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $192.00. TD Cowen’s price objective would suggest a potential upside of 11.76% from the company’s current price.

A number of other research analysts have also weighed in on DLR. Barclays increased their price target on Digital Realty Trust from $189.00 to $197.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 1st. Guggenheim raised Digital Realty Trust from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a research report on Wednesday, July 15th. Citigroup reiterated a “market outperform” rating on shares of Digital Realty Trust in a research note on Friday. Truist Financial increased their target price on Digital Realty Trust from $208.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Finally, BTIG Research initiated coverage on Digital Realty Trust in a research note on Friday, July 10th. They issued a “buy” rating and a $215.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and a consensus target price of $217.38.

Digital Realty Trust Trading Up 10.8%

Digital Realty Trust stock opened at $198.63 on Friday. The stock has a 50-day moving average price of $184.56 and a 200 day moving average price of $180.71. Digital Realty Trust has a 52 week low of $146.23 and a 52 week high of $208.14. The stock has a market cap of $69.80 billion, a PE ratio of 96.42, a P/E/G ratio of 5.42 and a beta of 1.03. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.78.

Digital Realty Trust (NYSE:DLR) last released its earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.77). The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Digital Realty Trust had a net margin of 11.80% and a return on equity of 3.50%. Digital Realty Trust’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same quarter last year, the company posted $1.87 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. Equities research analysts predict that Digital Realty Trust will post 8.26 earnings per share for the current fiscal year.

Institutional Trading of Digital Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in DLR. Norges Bank purchased a new position in shares of Digital Realty Trust in the 4th quarter worth $3,402,995,000. Cohen & Steers Inc. grew its position in Digital Realty Trust by 18.0% during the fourth quarter. Cohen & Steers Inc. now owns 28,001,340 shares of the real estate investment trust’s stock valued at $4,332,366,000 after acquiring an additional 4,276,073 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Digital Realty Trust by 686.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,807,512 shares of the real estate investment trust’s stock valued at $831,123,000 after acquiring an additional 4,195,862 shares during the period. Viking Global Investors LP acquired a new stake in Digital Realty Trust during the fourth quarter worth about $233,301,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Digital Realty Trust by 78.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,190,797 shares of the real estate investment trust’s stock worth $493,650,000 after acquiring an additional 1,405,791 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Digital Realty Trust

Here are the key news stories impacting Digital Realty Trust this week:

• Positive Sentiment: Digital Realty reported Q2 results that showed strong leasing activity, a record backlog, and higher renewal rents, which helped the company beat FFO expectations and improve its 2026 outlook.
• Positive Sentiment: The company raised FY 2026 adjusted FFO guidance to $8.15-$8.20 per share and lifted revenue guidance to $6.9 billion-$7.0 billion, signaling confidence in continued cloud and AI-driven demand.
• Positive Sentiment: TD Cowen upgraded Digital Realty Trust to Buy from Hold and raised its price target to $222 from $192, citing stronger data center demand. Article Title
• Positive Sentiment: JPMorgan also raised its price target on DLR to $235 from $230 and reiterated an Overweight rating, implying additional upside from current levels. Article Title
• Neutral Sentiment: Despite the upbeat guidance, the company’s reported EPS of $1.21 came in well below Wall Street expectations, so investors are balancing the earnings miss against the stronger operating trends.

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.