Digital Realty Trust Inc. [DLR] stock Upgrade by Jefferies analyst, price target now $160


Digital Realty Trust Inc. [NYSE: DLR] The share price declined by -1.38 points on Thursday, while the share price fell at $107.41 at the close of the session, down -1.27%. Company report on September 22 2022 Digital Realty announces the pricing of its first bond offering.

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Digital Realty (NYSE: DLR), the leading global provider of transportation services, cloud-neutral data center, co-location and interconnection solutions, today announced that its operating partnership, Digital Realty Trust, LP (“operating partnership”), has price-booked the subscription. Public offering of $550 million of 5.550% bonds due in 2028. The bonds will be major unsecured commitments of the operating partnership and will be fully and unconditionally guaranteed by Digital Realty Trust, Inc. Coupon 5.550% due on January 15, 2028.

The Company intends to use the net proceeds from the bond offering to repay temporarily outstanding loans under the Global Operating Partnership Revolving Credit Facility, to acquire additional property or business, opportunities to develop funds, to invest in interest-bearing accounts, and short-term interest-bearing securities that align with the Company’s intent. Digital Realty Trust, Inc. To qualify as a REIT for U.S. federal income tax purposes, and to provide working capital and other general corporate purposes, including the potential for further debt repayment, redemption, repurchase, repayment, or disposal of outstanding stock and debt securities, or a combination of the foregoing .

Digital Realty Trust Inc.’s stock fell. It is now 39.27% ​​higher than its YTD trading value. DLR stock had an intraday high of $108.26 and a low of $106.15 per share. The company’s 52-week high is 178.22, which means the current price is 1.19% higher than the all-time high touched on 03/01/22.

Compared to an average trading volume of 1.54 million shares, DLR reached a trading volume of 2,993,913 on the last trading day, which is why market watchers consider the stock to be active.

What Top Market Experts Say About Digital Realty Trust Inc. [DLR]?

Based on careful and fact-backed analysis by Wall Street experts, the current consensus on a target price for DLR shares is $154.17 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on DLR stock is a set recommendation at 2.10. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.

Jefferies made an appreciation for the shares of Digital Realty Trust Inc. , retaining their opinion of the stock as a buy, with their previous recommendation back on June 30, 2022. While these analysts held the previous recommendation, Deutsche Bank cut its target price from $150 to $144. The new price target note was released on June 15, 2022, which is the official price target for Digital Realty Trust Inc.’s stock. Previously, the target price had fallen again from $180 to $155, while Wells Fargo maintained an overweight rating on DLR stock. On February 18, 2022, analysts lowered their price target for DLR shares from 195 to 170.

The Average True Range (ATR) is set by Digital Realty Trust Inc. at 3.12, with a price-to-sales ratio for DLR stock in the last 12-month period of 6.83. The price-to-book ratio for the last quarter was 1.86, with the price-to-cash ratio per share in the same quarter set at 0.35.

How has DLR stock been performing lately?

Digital Realty Trust Inc. [DLR] It fell into the red at the end of last week, fell in a negative direction and fell by -4.00. With this latest performance, DLR shares are down -14.21% over the past four-week period, and have also fallen -21.40% over the past six months – not to mention a -32.67% drop in the last year of trading.

Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current stock DLR RSI for the last two weeks was set at 26.51, with the RSI for the last one traded at 20.87, and the three-week RSI was set at 30.92 for Digital Realty Trust Inc. [DLR]. The current moving average of the last 50 trading days for this stock is 124.67 while it recorded at 109.84 for the last trading week, and 139.27 for the last 200 days.

Earnings Analysis for Digital Realty Trust Inc. [DLR]

The company’s progress can be seen through the prism of the EPS growth rate, while Wall Street analysts focus on a 5-year EPS growth forecast for DLR. When it comes to the stated value, analysts expect the 5-year EPS growth rate for Digital Realty Trust Inc. to rise. to 24.38%.

Business Insider Positions for Digital Realty Trust Inc. [DLR]

There are currently approximately $29,623 million, or 97.90% of DLR’s stock, in the hands of institutional investors. The three largest institutional owners of DLR shares are: VANGUARD GROUP INC with 44,944,312, which is approximately -1.092% of the company’s market capitalization and about 0.10% of the total institutional ownership; BLACKROCK INC. , owns 26,018,724 shares with an approximate value of $2.79 billion in DLR stock; and STATE STREET CORP, which currently holds $2.04 billion in DLR stock with ownership of approximately -0.887% of the company’s market capitalization.

518 institutional owners have increased their positions in Digital Realty Trust Inc. [NYSE:DLR] About 161,16,953 shares. In addition, 441 investors decreased their positions by 13,043,673 shares, while 141 investors held positions by 246,631,441 shares. The said changes put institutional holdings at 275,792,067 shares, according to the latest report from the Securities and Exchange Commission. DLR stock had 78 new institutional investments for a total of 2,849,621 shares, while 95 institutional investors sold deals totaling 1,142,623 shares during the same period.

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