News

Fintel reports that on June 28, 2024, JP Morgan upgraded their outlook for Digital Realty Trust (NYSE:DLR) from Neutral to Overweight.

Analyst Price Forecast Suggests 1.98% Upside

As of June 12, 2024, the average one-year price target for Digital Realty Trust is 151.66. The forecasts range from a low of 112.11 to a high of $183.75. The average price target represents an increase of 1.98% from its latest reported closing price of 148.72.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Digital Realty Trust is 5,494MM, an increase of 1.58%. The projected annual non-GAAP EPS is 1.57.

What is the Fund Sentiment?

There are 1,896 funds or institutions reporting positions in Digital Realty Trust. This is an increase of 14 owner(s) or 0.74% in the last quarter. Average portfolio weight of all funds dedicated to DLR is 0.60%, an increase of 4.20%. Total shares owned by institutions decreased in the last three months by 5.80% to 329,600K shares.

The put/call ratio of DLR is 1.50, indicating a bearish outlook.

What are Other Shareholders Doing?

Cohen & Steers holds 22,053K shares representing 6.80% ownership of the company. In its prior filing, the firm reported owning 22,464K shares , representing a decrease of 1.86%. The firm increased its portfolio allocation in DLR by 8.69% over the last quarter.

VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 12,368K shares representing 3.81% ownership of the company. In its prior filing, the firm reported owning 11,601K shares , representing an increase of 6.20%. The firm increased its portfolio allocation in DLR by 9.57% over the last quarter.

Bank Of America holds 10,283K shares representing 3.17% ownership of the company. In its prior filing, the firm reported owning 9,710K shares , representing an increase of 5.57%. The firm decreased its portfolio allocation in DLR by 73.00% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 9,799K shares representing 3.02% ownership of the company. In its prior filing, the firm reported owning 9,502K shares , representing an increase of 3.03%. The firm increased its portfolio allocation in DLR by 0.63% over the last quarter.

APG Asset Management US holds 9,180K shares representing 2.83% ownership of the company. In its prior filing, the firm reported owning 9,255K shares , representing a decrease of 0.82%. The firm decreased its portfolio allocation in DLR by 1.23% over the last quarter.

Digital Realty Trust Background Information
(This description is provided by the company.)

Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL®, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture (PDx™) solution methodology for scaling digital business and efficiently managing data gravity challenges. Digital Realty's global data center footprint gives customers access to the connected communities that matter to them with more than 290 facilities in 49 metros across 24 countries on six continents.

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This story originally appeared on Fintel.

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