Digital Realty Trust, Inc. (NYSE:DLR) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Monday, July 31st.
DLR has been the topic of a number of other research reports. Deutsche Bank AG upped their price objective on Digital Realty Trust from $105.00 to $109.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Barclays PLC reissued an “overweight” rating and set a $123.00 target price (up previously from $120.00) on shares of Digital Realty Trust in a report on Wednesday, April 19th. Macquarie reissued a “neutral” rating and set a $105.00 target price on shares of Digital Realty Trust in a report on Tuesday, July 4th. Zacks Investment Research raised shares of Digital Realty Trust from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a report on Monday, July 17th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $120.00 target price on shares of Digital Realty Trust in a report on Friday, July 14th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $116.67.
Digital Realty Trust (DLR) opened at 111.82 on Monday. The firm has a market capitalization of $18.14 billion, a price-to-earnings ratio of 45.42 and a beta of -0.03. Digital Realty Trust has a one year low of $85.63 and a one year high of $121.53. The stock’s 50 day moving average price is $113.61 and its 200-day moving average price is $111.16.
Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.05. The business had revenue of $565.99 million during the quarter, compared to the consensus estimate of $559.93 million. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.42 EPS. On average, equities research analysts anticipate that Digital Realty Trust will post $1.58 earnings per share for the current fiscal year.
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In related news, Director William G. Laperch purchased 1,200 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was bought at an average cost of $25.00 per share, with a total value of $30,000.00. Following the completion of the purchase, the director now directly owns 1,200 shares in the company, valued at $30,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joshua A. Mills sold 9,211 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $120.00, for a total transaction of $1,105,320.00. Following the transaction, the senior vice president now directly owns 13,377 shares of the company’s stock, valued at approximately $1,605,240. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Digital Realty Trust by 1.0% in the second quarter. Vanguard Group Inc. now owns 27,928,426 shares of the real estate investment trust’s stock valued at $3,154,515,000 after buying an additional 284,515 shares in the last quarter. BlackRock Inc. boosted its position in shares of Digital Realty Trust by 2.8% in the second quarter. BlackRock Inc. now owns 15,575,651 shares of the real estate investment trust’s stock valued at $1,759,269,000 after buying an additional 428,327 shares in the last quarter. State Street Corp boosted its position in shares of Digital Realty Trust by 0.7% in the first quarter. State Street Corp now owns 9,346,575 shares of the real estate investment trust’s stock valued at $994,387,000 after buying an additional 69,272 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Digital Realty Trust by 7.3% in the second quarter. JPMorgan Chase & Co. now owns 3,569,263 shares of the real estate investment trust’s stock valued at $403,148,000 after buying an additional 243,995 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Digital Realty Trust by 4.8% in the second quarter. Northern Trust Corp now owns 2,909,241 shares of the real estate investment trust’s stock valued at $328,599,000 after buying an additional 134,121 shares in the last quarter.
About Digital Realty Trust
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
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