Digital Realty Trust (NYSE:DLR – Get Free Report)‘s stock had its “buy” rating reissued by equities research analysts at Truist Financial in a report released on Thursday,Benzinga reports. They currently have a $208.00 price target on the real estate investment trust’s stock, up from their prior price target of $207.00. Truist Financial’s price objective points to a potential upside of 7.58% from the company’s current price.
Several other research firms have also recently weighed in on DLR. BNP Paribas Exane lifted their price objective on shares of Digital Realty Trust from $196.00 to $224.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. HSBC cut shares of Digital Realty Trust from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $193.00 to $210.00 in a research report on Monday, April 27th. BMO Capital Markets lifted their price objective on shares of Digital Realty Trust from $205.00 to $220.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Weiss Ratings upgraded shares of Digital Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Finally, Citizens Jmp boosted their price target on shares of Digital Realty Trust from $220.00 to $250.00 and gave the company a “market outperform” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $214.41.
Check Out Our Latest Report on DLR
Digital Realty Trust Trading Up 0.0%
Digital Realty Trust (NYSE:DLR – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. Digital Realty Trust had a net margin of 21.73% and a return on equity of 6.05%. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the previous year, the company posted $1.77 EPS. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. Digital Realty Trust has set its FY 2026 guidance at 7.950-8.050 EPS. Research analysts predict that Digital Realty Trust will post 8.06 EPS for the current year.
Institutional Investors Weigh In On Digital Realty Trust
Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Digital Realty Trust by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 54,260,359 shares of the real estate investment trust’s stock valued at $8,394,620,000 after purchasing an additional 854,828 shares during the last quarter. Cohen & Steers Inc. lifted its stake in shares of Digital Realty Trust by 18.0% in the 4th 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 purchasing an additional 4,276,073 shares during the last quarter. Norges Bank acquired a new stake in shares of Digital Realty Trust in the 4th quarter valued at $3,402,995,000. State Street Corp lifted its stake in shares of Digital Realty Trust by 1.1% in the 4th quarter. State Street Corp now owns 20,649,053 shares of the real estate investment trust’s stock valued at $3,219,256,000 after purchasing an additional 231,933 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Digital Realty Trust by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 9,234,073 shares of the real estate investment trust’s stock valued at $1,423,373,000 after purchasing an additional 197,180 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.
Digital Realty Trust Company Profile
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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