Digital Realty Trust (NYSE:DLR) Price Target Cut to $185.00 by Analysts at Wells Fargo & Company

Digital Realty Trust (NYSE:DLR) had its target price trimmed by Wells Fargo & Company from $210.00 to $185.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the real estate investment trust’s stock.

A number of other research firms also recently weighed in on DLR. UBS Group raised shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their price target for the stock from $147.00 to $205.00 in a research note on Tuesday, January 7th. Stifel Nicolaus increased their target price on Digital Realty Trust from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Jefferies Financial Group boosted their price target on Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada raised their price objective on Digital Realty Trust from $177.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. boosted their target price on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $179.70.

Digital Realty Trust Trading Up 1.3 %

NYSE DLR opened at $163.49 on Tuesday. The company has a market cap of $54.23 billion, a P/E ratio of 137.38, a P/E/G ratio of 4.16 and a beta of 0.63. Digital Realty Trust has a 12 month low of $131.42 and a 12 month high of $198.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. The company has a 50-day moving average of $180.40 and a 200-day moving average of $168.10.

Insider Transactions at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of Digital Realty Trust stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.40, for a total value of $471,873.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Digital Realty Trust by 501.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,326,914 shares of the real estate investment trust’s stock worth $700,224,000 after buying an additional 3,607,802 shares during the last quarter. Pathway Financial Advisers LLC boosted its stake in Digital Realty Trust by 15,301.1% in the third quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock valued at $299,433,000 after acquiring an additional 1,838,278 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Digital Realty Trust during the third quarter valued at approximately $132,980,000. Sycomore Asset Management bought a new stake in shares of Digital Realty Trust in the 3rd quarter worth approximately $80,915,000. Finally, abrdn plc boosted its position in Digital Realty Trust by 17.3% during the 3rd quarter. abrdn plc now owns 1,955,741 shares of the real estate investment trust’s stock valued at $315,999,000 after purchasing an additional 288,772 shares during the period. Institutional investors own 99.71% of the company’s stock.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.