Digital Realty Trust (NYSE:DLR) Given New $205.00 Price Target at Jefferies Financial Group

Digital Realty Trust (NYSE:DLR) had its price target increased by research analysts at Jefferies Financial Group from $190.00 to $205.00 in a report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Jefferies Financial Group’s price target indicates a potential upside of 13.25% from the stock’s previous close.

Several other equities analysts also recently commented on the company. JPMorgan Chase & Co. upped their target price on Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday. Evercore ISI lifted their price objective on shares of Digital Realty Trust from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday. Hsbc Global Res raised shares of Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a report on Friday, October 4th. The Goldman Sachs Group began coverage on Digital Realty Trust in a research note on Monday, July 1st. They issued a “buy” rating and a $175.00 price target for the company. Finally, TD Cowen raised their price objective on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $165.21.

Digital Realty Trust Stock Performance

Shares of DLR traded up $15.88 during midday trading on Friday, reaching $181.01. The stock had a trading volume of 6,085,034 shares, compared to its average volume of 1,831,230. Digital Realty Trust has a one year low of $116.73 and a one year high of $193.88. The firm has a market cap of $56.55 billion, a PE ratio of 50.28, a P/E/G ratio of 5.08 and a beta of 0.60. The firm has a 50 day simple moving average of $157.08 and a 200-day simple moving average of $150.38. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.81.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $1.63 by ($1.43). Digital Realty Trust had a net margin of 20.58% and a return on equity of 5.93%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the firm earned $1.68 earnings per share. Digital Realty Trust’s revenue for the quarter was down .7% on a year-over-year basis. As a group, sell-side analysts anticipate that Digital Realty Trust will post 6.65 EPS for the current year.

Insider Activity at Digital Realty Trust

In related news, Director Jean F. H. P. Mandeville sold 600 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $150.26, for a total transaction of $90,156.00. Following the transaction, the director now owns 9,055 shares of the company’s stock, valued at approximately $1,360,604.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.17% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC bought a new position in shares of Digital Realty Trust in the 1st quarter worth about $34,000. Independence Bank of Kentucky boosted its position in shares of Digital Realty Trust by 633.3% in the 1st quarter. Independence Bank of Kentucky now owns 1,100 shares of the real estate investment trust’s stock worth $158,000 after purchasing an additional 950 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of Digital Realty Trust by 36.0% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 2,448 shares of the real estate investment trust’s stock worth $353,000 after buying an additional 648 shares during the last quarter. Aviance Capital Partners LLC bought a new position in Digital Realty Trust during the 1st quarter valued at approximately $242,000. Finally, Little House Capital LLC purchased a new position in Digital Realty Trust during the first quarter valued at $2,436,000. 99.71% of the stock is currently owned by institutional investors.

Digital Realty Trust Company Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.