Digital Realty Trust, Inc. (DLR) Rating Reiterated by Jefferies Group LLC

Digital Realty Trust, Inc. (NYSE:DLR)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Group LLC in a research note issued to investors on Friday. They presently have a $119.00 target price on the real estate investment trust’s stock. Jefferies Group LLC’s price target would suggest a potential upside of 1.20% from the stock’s previous close.

A number of other brokerages also recently issued reports on DLR. Stifel Nicolaus reissued a “hold” rating and set a $117.00 price objective on shares of Digital Realty Trust in a research report on Thursday. Barclays PLC reissued a “buy” rating and set a $132.00 price objective on shares of Digital Realty Trust in a research report on Friday, September 8th. BidaskClub raised Digital Realty Trust from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Cowen and Company reissued a “buy” rating and set a $126.00 price objective on shares of Digital Realty Trust in a research report on Friday, August 25th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $127.00 price objective on shares of Digital Realty Trust in a research report on Thursday, June 8th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $120.00.

Shares of Digital Realty Trust (NYSE:DLR) opened at 117.59 on Friday. Digital Realty Trust has a 52 week low of $85.63 and a 52 week high of $127.23. The stock has a market capitalization of $19.07 billion, a price-to-earnings ratio of 47.76 and a beta of -0.01. The stock’s 50 day moving average is $117.36 and its 200-day moving average is $113.24.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.05. The firm 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 period last year, the company earned $1.42 EPS. On average, analysts anticipate that Digital Realty Trust will post $1.55 earnings per share for the current fiscal year.

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In other news, insider Christopher Sharp sold 25,733 shares of Digital Realty Trust stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $116.44, for a total value of $2,996,350.52. Following the completion of the transaction, the insider now owns 25,733 shares in the company, valued at approximately $2,996,350.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William G. Laperch acquired 1,200 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was bought at an average price of $25.00 per share, with a total value of $30,000.00. Following the purchase, the director now directly owns 1,200 shares in the company, valued at approximately $30,000. The disclosure for this purchase can be found here. Company insiders own 0.40% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Digital Realty Trust by 1.0% in the 2nd 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 during the period. BlackRock Inc. boosted its stake in shares of Digital Realty Trust by 2.8% in the 2nd 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 during the period. State Street Corp boosted its stake in shares of Digital Realty Trust by 0.7% in the 1st 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 during the period. JPMorgan Chase & Co. boosted its stake in shares of Digital Realty Trust by 7.3% in the 2nd 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 during the period. Finally, Northern Trust Corp boosted its stake in shares of Digital Realty Trust by 4.8% in the 2nd 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 during the period.

Digital Realty Trust Company Profile

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.

Analyst Recommendations for Digital Realty Trust (NYSE:DLR)

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