Digital Realty Trust Inc (DLR) stock hits $149.91: Is it a good time to buy or wait for a dip?

Digital Realty Trust Inc [DLR] stock is trading at $149.91, up 0.55%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DLR shares have lost -0.13% over the last week, with a monthly amount glided 0.86%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Digital Realty Trust Inc [NYSE: DLR] stock has seen the most recent analyst activity on August 01, 2024, when Argus downgraded its rating to a Hold. Previously, Mizuho started tracking the stock with Outperform rating on July 11, 2024, and set its price target to $170. On July 01, 2024, Goldman initiated with a Buy rating and assigned a price target of $175 on the stock. JP Morgan upgraded its rating to a Overweight and increased its price target to $175 on June 28, 2024. BMO Capital Markets upgraded its rating to a Outperform and raised its price target to $170 on June 26, 2024. Wells Fargo upgraded its rating to Overweight for this stock on April 09, 2024, and upped its price target to $155. In a note dated February 16, 2024, Scotiabank downgraded an Sector Perform rating on this stock but restated the target price of $157.

Digital Realty Trust Inc [DLR] stock has fluctuated between $113.94 and $162.58 over the past year. Currently, Wall Street analysts expect the stock to reach $155 within the next 12 months. Digital Realty Trust Inc [NYSE: DLR] shares were valued at $149.91 at the most recent close of the market. An investor can expect a potential return of 3.4% based on the average DLR price forecast.

Analyzing the DLR fundamentals

Digital Realty Trust Inc [NYSE:DLR] reported sales of 5.46B for the trailing twelve months, which represents a drop of -0.70%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.06 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.8.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 148.68 points at the first support level, and at 147.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 150.61, and for the 2nd resistance point, it is at 151.31.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 8.99, the price to book ratio is 2.47 and price to earnings (TTM) ratio is 43.92.

Transactions by insiders

Recent insider trading involved MANDEVILLE JEAN F H P, Director, that happened on Aug 01 ’24 when 600.0 shares were sold. Director, Jean F.H.P. Mandeville completed a deal on Aug 01 ’24 to buy 600.0 shares. Meanwhile, Director MANDEVILLE JEAN F H P sold 3400.0 shares on Mar 12 ’24.

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