HSBC Lowers Digital Realty Trust (NYSE:DLR) Price Target to $235.00

by · The Cerbat Gem

Digital Realty Trust (NYSE:DLR – Get Free Report) had its target price dropped by equities researchers at HSBC from $240.00 to $235.00 in a research note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. HSBC’s price target suggests a potential upside of 29.73% from the stock’s previous close.

DLR has been the topic of a number of other reports. Wall Street Zen raised Digital Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Citigroup reissued a “market outperform” rating on shares of Digital Realty Trust in a research report on Friday, July 24th. Rothschild & Co Redburn started coverage on shares of Digital Realty Trust in a research note on Monday. They set a “buy” rating and a $227.00 price target for the company. Royal Bank Of Canada upped their price objective on shares of Digital Realty Trust from $207.00 to $227.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Finally, Weiss Ratings lowered shares of Digital Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust has a consensus rating of “Moderate Buy” and a consensus target price of $219.69.

View Our Latest Stock Report on Digital Realty Trust

Digital Realty Trust Price Performance

DLR stock opened at $181.14 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. The firm has a market cap of $67.20 billion, a price-to-earnings ratio of 87.93, a PEG ratio of 3.56 and a beta of 1.02. The company’s fifty day simple moving average is $188.27 and its 200 day simple moving average is $187.22. Digital Realty Trust has a 12-month low of $146.23 and a 12-month high of $208.14.

Digital Realty Trust (NYSE:DLR – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.77). The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.66 billion. Digital Realty Trust had a return on equity of 3.34% and a net margin of 11.80%.Digital Realty Trust’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.87 earnings per share. Digital Realty Trust has set its FY 2026 guidance at 8.150-8.200 EPS. On average, analysts expect that Digital Realty Trust will post 8.4 earnings per share for the current year.

Insiders Place Their Bets

In other Digital Realty Trust news, Director Mark Patterson sold 200 shares of Digital Realty Trust stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $193.96, for a total transaction of $38,792.00. Following the transaction, the director directly owned 6,322 shares of the company’s stock, valued at $1,226,215.12. The trade was a 3.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DLR. QRG Capital Management Inc. grew its position in Digital Realty Trust by 36.8% in the 2nd quarter. QRG Capital Management Inc. now owns 68,322 shares of the real estate investment trust’s stock worth $12,269,000 after purchasing an additional 18,377 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Digital Realty Trust by 14,485.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 420,198 shares of the real estate investment trust’s stock worth $75,459,000 after buying an additional 417,317 shares during the last quarter. Andra AP fonden grew its holdings in shares of Digital Realty Trust by 959.8% in the second quarter. Andra AP fonden now owns 22,415 shares of the real estate investment trust’s stock valued at $4,025,000 after acquiring an additional 20,300 shares in the last quarter. Premier Financial Group bought a new stake in Digital Realty Trust during the second quarter worth $134,000. Finally, Security National Bank of Sioux City Iowa IA boosted its position in Digital Realty Trust by 24.4% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 16,851 shares of the real estate investment trust’s stock worth $3,026,000 after purchasing an additional 3,307 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Company Profile

(Get Free Report)

Digital Realty Trust, Inc is a real estate investment trust that owns, operates and develops data centers around the world. The company provides the physical infrastructure businesses need to house information technology equipment, cloud-computing resources and critical digital systems.

Its services include data center colocation, hyperscale facilities, interconnection and related infrastructure solutions. Through its PlatformDIGITAL offering, Digital Realty helps customers connect to cloud providers, network operators, internet service providers, enterprises and other digital ecosystems.

Read More