Shares of Digital Realty Trust Inc. (NYSE:DLR) have earned a consensus rating of “Buy” from the eighteen ratings firms that are covering the firm. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $106.50.

A number of brokerages have recently issued reports on DLR. TheStreet raised Digital Realty Trust from a “hold” rating to a “buy” rating in a report on Thursday, October 27th. Jefferies Group reaffirmed a “hold” rating on shares of Digital Realty Trust in a report on Tuesday, August 23rd. Deutsche Bank AG reaffirmed a “buy” rating on shares of Digital Realty Trust in a report on Friday, October 28th. Royal Bank Of Canada upped their price target on Digital Realty Trust from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. Finally, Zacks Investment Research raised Digital Realty Trust from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a report on Thursday, October 20th.

In related news, insider Edward F. Sham sold 14,701 shares of the stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $92.50, for a total transaction of $1,359,842.50. Following the completion of the sale, the insider now owns 19,039 shares in the company, valued at $1,761,107.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joshua A. Mills sold 4,519 shares of the stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $92.22, for a total value of $416,742.18. Following the sale, the senior vice president now owns 8,685 shares of the company’s stock, valued at approximately $800,930.70. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Capital Analysts LLC boosted its stake in Digital Realty Trust by 617.2% in the second quarter. Capital Analysts LLC now owns 6,383 shares of the real estate investment trust’s stock valued at $815,000 after buying an additional 5,493 shares in the last quarter. Capstone Asset Management Co. boosted its stake in Digital Realty Trust by 287.0% in the second quarter. Capstone Asset Management Co. now owns 14,631 shares of the real estate investment trust’s stock valued at $1,595,000 after buying an additional 10,850 shares in the last quarter. NN Investment Partners Holdings N.V. boosted its stake in Digital Realty Trust by 84.7% in the second quarter. NN Investment Partners Holdings N.V. now owns 731,815 shares of the real estate investment trust’s stock valued at $79,760,000 after buying an additional 335,700 shares in the last quarter. Creative Planning boosted its stake in Digital Realty Trust by 175.4% in the second quarter. Creative Planning now owns 16,138 shares of the real estate investment trust’s stock valued at $1,759,000 after buying an additional 10,278 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its stake in Digital Realty Trust by 5.8% in the second quarter. Gateway Investment Advisers LLC now owns 186,031 shares of the real estate investment trust’s stock valued at $20,276,000 after buying an additional 10,160 shares in the last quarter.

Digital Realty Trust (NYSE:DLR) opened at 90.95 on Wednesday. The stock has a market cap of $14.46 billion, a price-to-earnings ratio of 62.68 and a beta of 0.14. Digital Realty Trust has a one year low of $69.00 and a one year high of $113.21. The stock’s 50 day moving average price is $92.19 and its 200 day moving average price is $98.40.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, October 27th. The real estate investment trust reported $1.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.44. The firm had revenue of $546.30 million for the quarter, compared to the consensus estimate of $538.82 million. Digital Realty Trust had a return on equity of 9.81% and a net margin of 15.25%. The company’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.28 earnings per share. Equities analysts predict that Digital Realty Trust will post $5.71 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Thursday, December 15th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Tuesday, December 13th. Digital Realty Trust’s dividend payout ratio is currently 246.15%.

TRADEMARK VIOLATION NOTICE: “Brokerages Set Digital Realty Trust Inc. (DLR) Price Target at $106.50” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be accessed at https://www.thecerbatgem.com/2016/11/26/brokerages-set-digital-realty-trust-inc-dlr-price-target-at-106-50.html.

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

Receive News & Stock Ratings for Digital Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Realty Trust Inc. and related stocks with our FREE daily email newsletter.