Cowen and Company reaffirmed their buy rating on shares of Digital Realty Trust, Inc. (NYSE:DLR) in a research report released on Friday morning. The brokerage currently has a $126.00 price target on the real estate investment trust’s stock.

Several other research firms also recently commented on DLR. Wells Fargo & Company downgraded Digital Realty Trust from an outperform rating to a market perform rating and set a $118.00 price objective for the company. in a report on Wednesday, May 17th. Zacks Investment Research downgraded Digital Realty Trust from a buy rating to a hold rating in a report on Wednesday, August 2nd. Royal Bank Of Canada reissued a buy rating and issued a $127.00 price objective on shares of Digital Realty Trust in a report on Thursday, June 8th. KeyCorp reissued a buy rating and issued a $130.00 price objective on shares of Digital Realty Trust in a report on Friday. Finally, Jefferies Group LLC reissued a hold rating and issued a $120.00 price objective on shares of Digital Realty Trust in a report on Friday, July 14th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Digital Realty Trust currently has an average rating of Buy and a consensus price target of $119.38.

Shares of Digital Realty Trust (DLR) opened at 117.57 on Friday. The stock has a 50 day moving average of $114.15 and a 200 day moving average of $111.83. Digital Realty Trust has a 52-week low of $85.63 and a 52-week high of $121.53. The firm has a market cap of $19.07 billion, a price-to-earnings ratio of 47.75 and a beta of -0.03.

Digital Realty Trust (NYSE:DLR) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.54 EPS for the quarter, beating the consensus estimate of $1.49 by $0.05. The company 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 firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 EPS. Equities analysts predict that Digital Realty Trust will post $1.57 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.16%. The ex-dividend date is Thursday, September 14th. Digital Realty Trust’s payout ratio is 148.21%.

In other Digital Realty Trust news, SVP Joshua A. Mills sold 9,211 shares of the stock in a transaction on Tuesday, June 6th. The stock was 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 owns 13,377 shares in the company, valued at approximately $1,605,240. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William G. Laperch acquired 1,200 shares of the stock in a transaction on Monday, August 7th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $30,000.00. Following the transaction, the director now directly owns 1,200 shares in the company, valued at $30,000. The disclosure for this purchase can be found here. 0.40% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in 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 during the last quarter. BlackRock Inc. boosted its position in 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 during the last quarter. State Street Corp boosted its position in 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 during the last quarter. JPMorgan Chase & Co. boosted its position in 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 during the last quarter. Finally, Northern Trust Corp boosted its position in 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 during 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.

Analyst Recommendations for Digital Realty Trust (NYSE:DLR)

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