Digital Realty Trust Inc. (NYSE:DLR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The brokerage presently has a $103.00 target price on the real estate investment trust’s stock. Zacks Investment Research’s price objective would suggest a potential upside of 12.54% from the company’s previous close.

According to Zacks, “Digital Realty Trust owns, acquires, repositions and manages technology-related real estate. The Company’s properties contain applications and operations critical to the day-to-day operations of technology industry tenants. “

Other analysts have also recently issued research reports about the stock. SunTrust Banks Inc. started coverage on shares of Digital Realty Trust in a report on Thursday, July 21st. They issued a “buy” rating and a $125.00 target price on the stock. Deutsche Bank AG raised their target price on shares of Digital Realty Trust from $114.00 to $116.00 and gave the company a “buy” rating in a report on Friday, July 29th. KeyCorp reaffirmed a “buy” rating and issued a $121.00 target price on shares of Digital Realty Trust in a report on Friday, July 29th. Jefferies Group reaffirmed a “buy” rating and issued a $108.00 target price on shares of Digital Realty Trust in a report on Wednesday, July 6th. Finally, Bank of America Corp. reaffirmed a “buy” rating and issued a $120.00 target price on shares of Digital Realty Trust in a report on Wednesday, September 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $100.18.

Analyst Recommendations for Digital Realty Trust (NYSE:DLR)

Shares of Digital Realty Trust (NYSE:DLR) traded down 1.06% during mid-day trading on Tuesday, reaching $91.52. 693,453 shares of the company’s stock traded hands. Digital Realty Trust has a one year low of $69.00 and a one year high of $113.21. The firm’s 50-day moving average is $96.41 and its 200 day moving average is $97.72. The firm has a market cap of $13.44 billion, a price-to-earnings ratio of 203.38 and a beta of 0.28.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.04. The business had revenue of $514.90 million for the quarter, compared to analysts’ expectations of $507.72 million. Digital Realty Trust had a net margin of 7.82% and a return on equity of 5.02%. The business’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.30 earnings per share. Analysts predict that Digital Realty Trust will post $5.71 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend was Tuesday, September 13th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 765.22%.

In other Digital Realty Trust news, insider Edward F. Sham sold 14,701 shares of the firm’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $92.50, for a total value of $1,359,842.50. Following the completion of the sale, the insider now owns 19,039 shares of the company’s stock, valued at $1,761,107.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Joshua A. Mills sold 4,519 shares of the firm’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $92.22, for a total value of $416,742.18. Following the completion of the sale, the senior vice president now directly owns 8,685 shares of the company’s stock, valued at approximately $800,930.70. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. National Planning Corp increased its stake in Digital Realty Trust by 0.5% in the second quarter. National Planning Corp now owns 2,641 shares of the real estate investment trust’s stock worth $276,000 after buying an additional 13 shares during the period. Johnson Investment Counsel Inc. increased its stake in Digital Realty Trust by 1.1% in the second quarter. Johnson Investment Counsel Inc. now owns 2,500 shares of the real estate investment trust’s stock worth $272,000 after buying an additional 28 shares during the period. Sheaff Brock Investment Advisors LLC increased its stake in Digital Realty Trust by 0.8% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 4,072 shares of the real estate investment trust’s stock worth $444,000 after buying an additional 32 shares during the period. First Allied Advisory Services Inc. increased its stake in Digital Realty Trust by 0.8% in the second quarter. First Allied Advisory Services Inc. now owns 4,052 shares of the real estate investment trust’s stock worth $438,000 after buying an additional 34 shares during the period. Finally, Geneva Advisors LLC increased its stake in Digital Realty Trust by 1.5% in the second quarter. Geneva Advisors LLC now owns 2,672 shares of the real estate investment trust’s stock worth $291,000 after buying an additional 40 shares during the period.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company owns, acquires, develops and manages technology-related real estate. 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.

5 Day Chart for NYSE:DLR

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