Digital Realty Trust (DLR) Upgraded at Robert W. Baird

Robert W. Baird upgraded shares of Digital Realty Trust (NYSE:DLR) from a neutral rating to an outperform rating in a report released on Tuesday, MarketBeat.com reports. Robert W. Baird currently has $124.00 price target on the real estate investment trust’s stock.

Other research analysts also recently issued reports about the stock. SunTrust Banks reaffirmed a buy rating and issued a $140.00 price objective on shares of Digital Realty Trust in a report on Thursday, October 12th. Zacks Investment Research raised shares of Digital Realty Trust from a hold rating to a buy rating and set a $133.00 price objective for the company in a report on Wednesday, October 11th. KeyCorp reaffirmed a buy rating and issued a $130.00 price objective on shares of Digital Realty Trust in a report on Tuesday, September 26th. ValuEngine raised shares of Digital Realty Trust from a hold rating to a buy rating in a report on Sunday, December 31st. Finally, Deutsche Bank raised shares of Digital Realty Trust from a hold rating to a buy rating and set a $130.00 price objective for the company in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. Digital Realty Trust has an average rating of Buy and an average target price of $123.40.

Digital Realty Trust (NYSE:DLR) opened at $107.30 on Tuesday. The company has a market cap of $21,974.14, a P/E ratio of 86.53, a P/E/G ratio of 2.17 and a beta of -0.09. Digital Realty Trust has a fifty-two week low of $101.70 and a fifty-two week high of $127.23. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.85.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $1.11. The company had revenue of $609.90 million during the quarter, compared to the consensus estimate of $595.49 million. Digital Realty Trust had a net margin of 11.71% and a return on equity of 5.15%. Digital Realty Trust’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period last year, the firm earned $1.44 EPS. analysts predict that Digital Realty Trust will post 6.1 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 15th were issued a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend was Thursday, December 14th. Digital Realty Trust’s payout ratio is 300.00%.

A number of large investors have recently made changes to their positions in DLR. Amica Retiree Medical Trust bought a new position in Digital Realty Trust in the 3rd quarter valued at $102,000. Grove Bank & Trust boosted its holdings in Digital Realty Trust by 1,284.6% in the 3rd quarter. Grove Bank & Trust now owns 900 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 835 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Digital Realty Trust by 50.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 973 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 328 shares during the period. Thompson Siegel & Walmsley LLC boosted its holdings in Digital Realty Trust by 4,984.2% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 966 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 947 shares during the period. Finally, Sun Life Financial INC boosted its holdings in Digital Realty Trust by 12,844.4% in the 2nd quarter. Sun Life Financial INC now owns 1,165 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 1,156 shares during the period. 98.34% of the stock is owned by hedge funds and other institutional investors.

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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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