Digital Realty Trust (NYSE:DLR) Research Coverage Started at Mizuho

Mizuho initiated coverage on shares of Digital Realty Trust (NYSE:DLR – Get Free Report) in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $170.00 price target on the real estate investment trust’s stock. Mizuho’s price target would indicate a potential upside of 9.19% from the company’s previous close.

Several other equities analysts also recently weighed in on DLR. JPMorgan Chase & Co. upgraded Digital Realty Trust from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $150.00 to $175.00 in a research report on Friday, June 28th. Truist Financial boosted their price objective on Digital Realty Trust from $145.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, March 18th. BMO Capital Markets upgraded Digital Realty Trust from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $144.00 to $170.00 in a research report on Wednesday, June 26th. Wells Fargo & Company upgraded Digital Realty Trust from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $135.00 to $155.00 in a research report on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Digital Realty Trust from $143.00 to $145.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $150.45.

Get Our Latest Research Report on Digital Realty Trust

Digital Realty Trust Stock Up 1.6 %

Digital Realty Trust stock opened at $155.69 on Thursday. The firm has a market cap of $48.64 billion, a price-to-earnings ratio of 43.25, a PEG ratio of 20.20 and a beta of 0.59. Digital Realty Trust has a 12 month low of $113.94 and a 12 month high of $155.78. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.91. The stock has a fifty day simple moving average of $146.75 and a two-hundred day simple moving average of $142.74.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new stake in Digital Realty Trust during the 4th quarter valued at $2,141,890,000. Vanguard Group Inc. boosted its position in Digital Realty Trust by 2.1% during the 3rd 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 acquiring an additional 971,032 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in Digital Realty Trust during the 4th quarter valued at $107,372,000. Kodai Capital Management LP bought a new stake in Digital Realty Trust during the 4th quarter valued at $59,087,000. Finally, Wellington Management Group LLP boosted its position in Digital Realty Trust by 1,825.0% during the 3rd quarter. Wellington Management Group LLP now owns 401,775 shares of the real estate investment trust’s stock valued at $48,623,000 after acquiring an additional 380,904 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Company Profile

(Get Free Report)

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.

Read More

• Five stocks we like better than Digital Realty Trust
• Quiet Period Expirations Explained
• Why Now Is the Perfect Time to Bite Into This Restaurant Stock
• Insider Trades May Not Tell You What You Think
• 3 Beaten Down Pharmaceuticals With Catalysts for Higher Prices 
• Should You Add These Warren Buffett Stocks to Your Portfolio?
• Apple Stock: Missed Opportunity or Just Getting Started?

Receive News & Ratings for Digital Realty Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Digital Realty Trust and related companies with MarketBeat.com’s FREE daily email newsletter.

You might be interested in: