Wells Fargo & Company Has Lowered Expectations for Digital Realty Trust (NYSE:DLR) Stock Price

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

Several other research firms have also recently issued reports on DLR. JMP Securities assumed coverage on Digital Realty Trust in a research note on Monday, January 27th. They issued an “outperform” rating and a $220.00 price target for the company. Deutsche Bank Aktiengesellschaft upgraded shares of Digital Realty Trust from a “hold” rating to a “buy” rating and boosted their price target for the stock from $185.00 to $194.00 in a research report on Wednesday, January 15th. UBS Group upgraded shares of Digital Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $147.00 to $205.00 in a report on Tuesday, January 7th. Barclays upped their target price on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research report on Monday, November 18th. Finally, Citizens Jmp upgraded Digital Realty Trust to a “strong-buy” rating in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Digital Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $179.70.

Digital Realty Trust Stock Performance

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

Insider Transactions at Digital Realty Trust

In related news, CFO Matt Mercier sold 2,518 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.17% of the stock is currently owned by insiders.

Institutional Trading of Digital Realty Trust

A number of hedge funds have recently made changes to their positions in the stock. Daiwa Securities Group Inc. increased its stake in Digital Realty Trust by 2.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,843,432 shares of the real estate investment trust’s stock valued at $783,812,000 after buying an additional 117,461 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Digital Realty Trust by 501.7% in the third 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 acquiring an additional 3,607,802 shares during the last quarter. Principal Financial Group Inc. boosted its position in Digital Realty Trust by 2.0% during the fourth quarter. Principal Financial Group Inc. now owns 3,950,237 shares of the real estate investment trust’s stock valued at $700,486,000 after purchasing an additional 79,322 shares during the last quarter. abrdn plc grew its stake in Digital Realty Trust by 17.3% in the third 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 in the last quarter. Finally, Pathway Financial Advisers LLC increased its position in Digital Realty Trust by 15,301.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,850,292 shares of the real estate investment trust’s stock worth $299,433,000 after purchasing an additional 1,838,278 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

About Digital Realty Trust

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.