Barclays Lowers Digital Realty Trust (DLR) Price Target to $136.00

Digital Realty Trust (NYSE:DLR) had its price target dropped by analysts at Barclays from $139.00 to $136.00 in a research report issued to clients and investors on Tuesday. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Barclays’ price target points to a potential upside of 27.63% from the stock’s previous close.

DLR has been the topic of a number of other reports. Deutsche Bank increased their target price on shares of Digital Realty Trust from $111.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Zacks Investment Research downgraded shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Wells Fargo & Co raised shares of Digital Realty Trust from a “market perform” rating to an “outperform” rating and increased their target price for the company from $109.31 to $120.00 in a research report on Friday, December 22nd. Robert W. Baird raised shares of Digital Realty Trust from a “neutral” rating to an “outperform” rating and set a $124.00 target price on the stock in a research report on Tuesday, January 16th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $135.00 target price on shares of Digital Realty Trust in a research report on Friday, November 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $122.94.

Shares of Digital Realty Trust (DLR) traded down $0.81 during trading hours on Tuesday, hitting $106.56. 1,470,995 shares of the company’s stock were exchanged, compared to its average volume of 1,464,120. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.46 and a current ratio of 0.46. The stock has a market cap of $21,890.00, a P/E ratio of 86.63, a PEG ratio of 2.27 and a beta of -0.09. Digital Realty Trust has a 52 week low of $101.70 and a 52 week high of $127.23.

A number of institutional investors have recently modified their holdings of the business. Cohen & Steers Inc. lifted its stake in shares of Digital Realty Trust by 100.4% in the 3rd quarter. Cohen & Steers Inc. now owns 13,229,368 shares of the real estate investment trust’s stock worth $1,565,431,000 after acquiring an additional 6,626,871 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Digital Realty Trust by 41.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 6,474,187 shares of the real estate investment trust’s stock worth $766,091,000 after acquiring an additional 1,897,642 shares during the period. PGGM Investments lifted its stake in shares of Digital Realty Trust by 1.1% in the 4th quarter. PGGM Investments now owns 2,957,000 shares of the real estate investment trust’s stock worth $336,802,000 after acquiring an additional 33,169 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Digital Realty Trust by 29.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,888,529 shares of the real estate investment trust’s stock worth $341,788,000 after acquiring an additional 664,982 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Digital Realty Trust by 79.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,332,689 shares of the real estate investment trust’s stock worth $276,860,000 after acquiring an additional 1,032,004 shares during the period. 98.41% of the stock is currently owned by institutional investors.

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About Digital Realty Trust

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.