Digital Realty Trust (NYSE:DLR) Given New $147.00 Price Target at UBS Group

Digital Realty Trust (NYSE:DLR) had its price objective raised by equities researchers at UBS Group from $143.00 to $147.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. UBS Group’s price target would indicate a potential downside of 0.01% from the company’s previous close.

Several other equities analysts have also weighed in on the stock. Scotiabank lowered shares of Digital Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $157.00 price objective on the stock. in a report on Friday, February 16th. Evercore ISI reiterated an “outperform” rating and issued a $154.00 price target on shares of Digital Realty Trust in a report on Wednesday, March 27th. Citigroup increased their price target on Digital Realty Trust from $154.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. StockNews.com lowered Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Finally, Morgan Stanley increased their price target on Digital Realty Trust from $100.00 to $108.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Digital Realty Trust currently has an average rating of “Hold” and an average target price of $142.65.

Digital Realty Trust Trading Up 4.9 %

Shares of NYSE:DLR traded up $6.87 during mid-day trading on Friday, hitting $147.02. The company had a trading volume of 3,309,689 shares, compared to its average volume of 1,971,045. The company has a market capitalization of $45.93 billion, a PE ratio of 49.50, a price-to-earnings-growth ratio of 3.14 and a beta of 0.55. Digital Realty Trust has a one year low of $86.33 and a one year high of $154.18. The firm has a fifty day moving average price of $142.09 and a 200 day moving average price of $137.15. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.14 and a quick ratio of 1.14.

Insider Buying and Selling

In other Digital Realty Trust news, Director Jean F. H. P. Mandeville sold 3,400 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $145.50, for a total value of $494,700.00. Following the transaction, the director now directly owns 8,413 shares in the company, valued at $1,224,091.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.39% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Digital Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Schechter Investment Advisors LLC increased its holdings in shares of Digital Realty Trust by 18.5% in the third quarter. Schechter Investment Advisors LLC now owns 3,269 shares of the real estate investment trust’s stock worth $396,000 after purchasing an additional 511 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Digital Realty Trust by 2.8% during the 3rd quarter. American Century Companies Inc. now owns 720,618 shares of the real estate investment trust’s stock worth $87,209,000 after purchasing an additional 19,931 shares during the period. Lyell Wealth Management LP raised its position in Digital Realty Trust by 12.0% in the 4th quarter. Lyell Wealth Management LP now owns 48,347 shares of the real estate investment trust’s stock worth $6,507,000 after purchasing an additional 5,197 shares during the period. Raymond James & Associates lifted its stake in Digital Realty Trust by 5.7% in the fourth quarter. Raymond James & Associates now owns 299,551 shares of the real estate investment trust’s stock worth $40,314,000 after purchasing an additional 16,101 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Digital Realty Trust by 2.1% during the third quarter. Vanguard Group Inc. now owns 47,390,848 shares of the real estate investment trust’s stock valued at $5,735,240,000 after buying an additional 971,032 shares during the period. Institutional investors own 99.71% of the company’s stock.

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.